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Public Debt and Real GDP: Revisiting the Impact
de Soyres, Constance - 2022
This paper provides new empirical evidence of the impact of an unanticipated change in public debt on real GDP. Using public debt forecast errors, we identify exogenous changes in public debt to assess the impact of a change in the debt to GDP ratio on real GDP. By analyzing data on gross public...
Persistent link: https://www.econbiz.de/10015060462
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Determinants of Government Efficiency
Hauner, David - 2008
We compile the first large cross-country panel dataset of public sector performance and efficiency, encompassing 114 countries on all income levels from 1980 to 2006, with about 1,800 country-year observations for the education sector and about 900 observations for health. We regress these...
Persistent link: https://www.econbiz.de/10012677650
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Measuring Quarterly Economic Growth from Outer Space
Beyer, Robert - 2022
This paper presents a novel framework to estimate the elasticity between nighttime lights and quarterly economic activity. The relationship is identified by accounting for varying degrees of measurement errors in nighttime light data across countries. The estimated elasticity is 1.55 for...
Persistent link: https://www.econbiz.de/10015060380
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An Evaluation of World Economic Outlook Forecasts : Any Evidence of Asymmetry?
Aktuğ, Emrehan - 2025
examines the consistency of IMF World Economic Outlook (WEO) forecasts with the full information rational expectations (FIRE …
Persistent link: https://www.econbiz.de/10015328073
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Evaluation of the World Economic Outlook Forecasts.
Timmermann, Allan - 2006
Intro -- Contents -- I. INTRODUCTION AND SUMMARY -- II. DESCRIPTION OF WEO DATASET -- III. PROPERTIES OF OPTIMAL FORECASTS -- IV. EMPIRICAL RESULTS -- V. ANALYSIS OF STATISTICAL SIGNIFICANCE -- VI. CAN THE WEO FORECAST ERRORS BE PREDICTED? -- VII. DIRECTIONAL ACCURACY -- VIII. REVISIONS FROM...
Persistent link: https://www.econbiz.de/10012691044
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Life Expectancy and Income Convergence in the World
Ueda, Kenichi - 2008
There is world-wide convergence in life expectancy, despite little convergence in GDP per capita. If one values longer … life much more than material happiness, the world living standards may this have already converged substantially. This … among countries. A conventional GDP-based measure remains a good approximation for (non) convergence in world living s …
Persistent link: https://www.econbiz.de/10012677614
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International Income Convergence
Francois, Joseph F. - 2008
Persistent link: https://www.econbiz.de/10012682178
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Life Expectancy and Income Convergence in the World : A Dynamic General Equilibrium Analysis
Ueda, Kenichi - 2008
There is world-wide convergence in life expectancy, despite little convergence in GDP per capita. If one values longer … life much more than material happiness, the world living standards may this have already converged substantially. This … among countries. A conventional GDP-based measure remains a good approximation for (non) convergence in world living …
Persistent link: https://www.econbiz.de/10014409039
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Sovereign ESG Bond Issuance: A Guidance Note for Sovereign Debt Managers
Lindner, Peter - 2023
This paper aims to provide guidance to issuers of sovereign ESG bonds, with a focus on Emerging Market and Developing Economies (EMDEs). An overview of the ESG financing options available to sovereign issuers is followed by an analysis of the operational requirements and costs that the issuance...
Persistent link: https://www.econbiz.de/10015059620
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The Systemic Impact of Debt Default in a Multilayered Global Network Model
Porter, Nathan - 2022
The world has become more interconnected over the past few decades. Against this backdrop, economic and financial …
Persistent link: https://www.econbiz.de/10015060131