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Economic research has considered Private Debt a determinant of GDP growth for years. By keeping this perspective, the … objective of this work is to understand how much of the GDP response to a monetary shock is due to the variation of private debt …
Persistent link: https://www.econbiz.de/10012953691
We derive monthly and quarterly series of UK GDP for the inter-war period from a set of monthly indicators that were …, allowing us to employ mixed-frequency methods to produce monthly estimates of GDP and of industrial production. We proceed to …
Persistent link: https://www.econbiz.de/10013315964
This paper studies the difference between public production and public finance of public goods in a dynamic general equilibrium setup. By public finance, we mean that the public good is produced by private providers with the government financing their costs. When the model is calibrated to match...
Persistent link: https://www.econbiz.de/10013123836
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10013316522
higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same …
Persistent link: https://www.econbiz.de/10013132796
In recent years, sustainability has represented one of the most important policy goals explored in the environmental Kuznets curve (EKC) literature. But related hypotheses, performance measures and results continue to present a challenge. The present paper contributes to this ongoing literature...
Persistent link: https://www.econbiz.de/10013053065
economic growth by Sala-i-Martin et al. (2004) are sensitive to deviations from benchmark model averaging. For example, the GDP …
Persistent link: https://www.econbiz.de/10013129859
Many scholars have argued that once “basic needs” have been met, higher income is no longer associated with higher in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and poor people within a country. Analyzing...
Persistent link: https://www.econbiz.de/10013315787
of future GDP. Extensive sensitivity analyses indicate that, while differences between model frameworks and alternative …
Persistent link: https://www.econbiz.de/10013316138
Quarterly GDP figures usually are published with a delay of some weeks. A common way to generate GDP series of higher … frequency, i.e. to nowcast GDP, is to use available indicators to calculate a single index by means of a common factor derived …-tiered mechanism consisting in the identification of variables highly correlated with GDP as "core" indicators and a check of …
Persistent link: https://www.econbiz.de/10013059505