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The nexus between defense expenditure and economic growth: New global evidence
Chen, Pei-Fen; Lee, Chien-Chiang; Chiu, Yi-Bin - In: Economic Modelling 36 (2014) C, pp. 474-483
This paper applies a two-step Generalized Method of Moments (GMM) to re-examine the causality between defense burden (MB) and real GDP (RY) for 137 countries. The findings indicate that a short-run causality running from MB to RY is found in lower-middle- and high-income countries and that from...
Persistent link: https://www.econbiz.de/10010729864
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Economic growth and income distribution in Mexico: A cointegration exercise
Risso, W. Adrián; Punzo, Lionello F.; Carrera, Edgar … - In: Economic Modelling 35 (2013) C, pp. 708-714
The empirical evidence on the relationship between income inequality and economic growth is widely recognized and, now … economic growth and income inequality in the case of Mexico. To this end, a time series of data for the Gini coefficients from … in cross-country growth regressions. We first investigate (and confirm) that the two series of per capita GDP and Gini …
Persistent link: https://www.econbiz.de/10011048794
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Imports and growth in China
Herrerias, M.J.; Orts, Vicente - In: Economic Modelling 28 (2011) 6, pp. 2811-2819
facilitated industrialization and rapid growth in China. However, as we know that there could be other factors influencing … of their causality. In addition, we investigate the role played by the exchange rate on growth and discuss some policy …
Persistent link: https://www.econbiz.de/10010573381
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Regional divergence and club convergence in India
Ghosh, Madhusudan; Ghoshray, Atanu; Malki, Issam - In: Economic Modelling 30 (2013) C, pp. 733-742
This paper examines regional divergence in income across different states in India, and estimates convergence clubs endogenously. The paper makes two useful contributions. First, the data is analyzed using a novel method due to Phillips and Sul (2007) leading to different conclusions in...
Persistent link: https://www.econbiz.de/10010608278
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A ridge bootstrap method for analyzing APT effects on the mortgage loan market
Sjölander, Pär - In: Economic Modelling 30 (2013) C, pp. 844-855
Significantly positive asymmetric price transmission (APT) effects are concluded on the Swedish mortgage loan market. This finding was established based on unique banking data in combination with our newly developed econometric method which is insensitive to the banks' variations in liquidity...
Persistent link: https://www.econbiz.de/10011048717
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On ridge estimators for the negative binomial regression model
Månsson, Kristofer - In: Economic Modelling 29 (2012) 2, pp. 178-184
The negative binomial (NB) regression model is very popular in applied research when analyzing count data. The commonly used maximum likelihood (ML) estimator is very sensitive to highly intercorrelated explanatory variables. Therefore, a NB ridge regression estimator (NBRR) is proposed as a...
Persistent link: https://www.econbiz.de/10011048721
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A new sustainable human development indicator for small island developing states: A reappraisal from data envelopment analysis
Blancard, Stéphane; Hoarau, Jean-François - In: Economic Modelling 30 (2013) C, pp. 623-635
This paper proposes a transparent and robust measurement of sustainable human development for developing economies. We focus in particular on small island developing states [SIDS] which appear to be highly vulnerable in both economic and environmental dimensions. Hence, our contribution is...
Persistent link: https://www.econbiz.de/10011048939
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Modeling governance and water pollution using the institutional ecological economic framework
Gani, Azmat; Scrimgeour, Frank - In: Economic Modelling 42 (2014) C, pp. 363-372
This paper investigates the effect of governance on levels of water pollution for all industrial activities as well as by some specific industry category in a sample of OECD economies. Using an institutional ecological economic conceptual framework, the effects of several measures of governance...
Persistent link: https://www.econbiz.de/10010931049
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A multivariate approach in measuring socio-economic development of MENA countries
Milenkovic, Nemanja; Vukmirovic, Jovanka; Bulajic, Milica; … - In: Economic Modelling 38 (2014) C, pp. 604-608
Socio-economic development of countries is a complex problem that has been constantly elaborated upon over the past few decades. An analysis of a country's welfare cannot be limited to either economic or social factors; it must be determined by combining both of these aspects. As technology has...
Persistent link: https://www.econbiz.de/10010753372
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Institutions, governance and technology catch-up in North Africa
Drine, Imed - In: Economic Modelling 29 (2012) 6, pp. 2155-2162
This paper aims to analyse the effects of institution quality on technology catch-up in five North African countries (Algeria, Egypt, Morocco, Sudan and Tunisia) compared to 3 groups of developing and emerging countries (Sub Saharan Africa, Asia, and Latin America) over the period 1970–2005....
Persistent link: https://www.econbiz.de/10010588254