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Should we care (more) about data aggregation? : evidence from the democracy-growth-nexus
Gründler, Klaus; Krieger, Tommy - 2019
We compile data for 186 countries (1919 - 2016) and apply different aggregation methods to create new democracy indices … produces upward-biased OLS and 2SLS estimates. The results of an analysis of the effect of democracy on economic growth show …
Persistent link: https://www.econbiz.de/10011966711
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Estimating production functions when productivity change is endogenous
Muendler, Marc-Andreas - 2004
Production function estimation with micro-data shows that a persistent unobserved variable varies within firm or plant … over time but resists treatment and may cause biases. This paper presents an estimation model of the firm under endogenous …-effects estimation and remedying commonly suspected biases. Whereas productivity change is measured consistently, scale economies are not …
Persistent link: https://www.econbiz.de/10011402611
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The diffusion of technological progress in ICT
Elstner, Steffen; Grimme, Christian; Kecht, Valentin; … - 2020
We study whether technology gains in sectors related to Information and Communications Technology (ICT) increase productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative price of ICT goods and services in a structural VAR...
Persistent link: https://www.econbiz.de/10012391362
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Political persistence, connections and economic growth
Bellettini, Giorgio; Berti Ceroni, Carlotta; Prarolo, … - 2009
Using data on a panel of 56 democratic countries in the period 1975-2004, we find evidence of a negative association between political stability and economic growth which is stronger and empirically more robust in countries with high bureaucratic costs. Motivated by these results, which contrast...
Persistent link: https://www.econbiz.de/10003808628
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Fiscal federalism and economic performance new evidence from Switzerland
Burret, Heiko Tobias; Feld, Lars P.; Schaltegger, … - 2018
The link between federalism and economic performance is still ambiguous. Aiming at clarification, we improve on a widespread shortcoming by measuring federalism not just by one variable but by various institutions that constitute it. To this end, Switzerland provides for a laboratory as its 26...
Persistent link: https://www.econbiz.de/10011903827
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Institutional interactions and economic growth: The joint effects of property rights, veto players and democratic capital
Justesen, Mogens K.; Kurrild-Klitgaard, Peter - Volkswirtschaftliche Fakultät, … - 2013
We investigate the possible interaction effects that the extent of property rights protection and separation of powers in a political system have on economic growth. Using analysis of panel data from more than countries over the period 1970-2010 we find that the growth effects of property rights...
Persistent link: https://www.econbiz.de/10011112508
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The impact of product and labour market reform on growth : evidence for OECD countries based on local projections
Haan, Jakob de; Wiese, Rasmus - 2020
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
Persistent link: https://www.econbiz.de/10012238489
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Political versus economic institutions in the growth process
Flachaire, Emmanuel; García-Peñalosa, Cecilia; Konte, Maty - 2011
After a decade of research on the relationship between institutions and growth, scholars in this field seem to be divided. Economic institutions perform well in growth regressions and a body of literature argues that this supports the key importance of institutions for development. Other authors...
Persistent link: https://www.econbiz.de/10009124179
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Corruption’s and Democracy’s effects on Economic Growth
Zaouali, Amira - Volkswirtschaftliche Fakultät, … - 2014
Economists have a long argue that political process such as democracy and corruption are important for economic growth …. Our objective in this paper is to demonstrate that one of democracy's indirect posititive effects is its ability to …
Persistent link: https://www.econbiz.de/10011107346
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The economic effects of international sanctions : an event study
Gutmann, Jerg; Neuenkirch, Matthias; Neumeier, Florian - 2021
Although international sanctions are a widely used instrument of coercion, their economic effects are still not fully understood. This study uses a novel dataset and an event study approach to evaluate the economic consequences of international sanctions, thereby accounting for pre-treatment...
Persistent link: https://www.econbiz.de/10012500430