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The Impact of Globalization on the Composition of Government Expenditures : Evidence from Panel Data

Dreher, Axel - 2006

According to the disciplining hypothesis, globalization restrains governments by inducing increased budgetary pressure … globalization (quot;compensation hypothesisquot;). Employing two different datasets and various measures of globalization, we … analyze whether globalization has indeed influenced the composition of government expenditures. For a sample of 108 countries …

Persistent link: https://www.econbiz.de/10012779699

Information Transmission and Ownership Consolidation in Aid Programs

Dreher, Axel - 2013

example of a “delegation-scheme.” Conversely, project aid represents a more “centralized” type of aid. According to the theory …

Persistent link: https://www.econbiz.de/10013073609

Information Transmission within Federal Fiscal Architectures : Theory and Evidence

Dreher, Axel - 2013

This paper explores the role of information transmission and misaligned interests across levels of government in explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal-agent framework, it analyzes two alternative...

Persistent link: https://www.econbiz.de/10013075612

Natural Disasters and the Effect of Trade on Income : A New Panel IV Approach

Felbermayr, Gabriel - 2011

Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...

Persistent link: https://www.econbiz.de/10013121825

Employment Growth, Inflation and Output Growth : Was Phillips Right? Evidence from a Dynamic Panel

Caporale, Guglielmo Maria - 2013

growth, giving support to Phillips' Golden Triangle theory …

Persistent link: https://www.econbiz.de/10013092691

Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries

Samargandi, Nahla - 2014

We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that financial development does not have a linear positive...

Persistent link: https://www.econbiz.de/10013054321

Is There a Debt-Threshold Effect on Output Growth?

Chudik, Alexander - 2015

This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt-growth relation varies with the level of indebtedness. Our contribution is both theoretical and empirical. On the theoretical side, we develop tests for threshold effects in the...

Persistent link: https://www.econbiz.de/10013019040

Horizontal versus Vertical Interdependence in Multinational Activity

Badinger, Harald - 2008

Recent research in international economics highlights the role of interdependencies of investment decisions and sales of multinational firms. Previous work focused on and provided evidence for aggregate flows or stocks of foreign direct investment, showing that interdependence declines in...

Persistent link: https://www.econbiz.de/10012771644

The Volatility Curse : Revisiting the Paradox of Plenty

van der Ploeg, Rick - 2013

The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling for initial income per capita, population growth, human capital, investment, openness and natural resource dependence. This effect is significant and robust over a wide range of...

Persistent link: https://www.econbiz.de/10012753136

Do Labor Market Institutions Influcence Suicide Mortality? An International Panel Data Analysis

Breuer, Christian; Rottmann, Horst - 2021

We examine the economic and social determinants of suicide mortality in a panel of 25 OECD countries over the period 1970-2011 and explicitly analyze the effects of unemployment and labor market institutions on suicide rates. In line with a large body of literature our results suggest that...

Persistent link: https://www.econbiz.de/10013315586