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The Relationship between Economic Growth and Democracy : Alternative Representations of Technological Change

Heshmati, Almas - 2017

This study investigates the relationship between economic growth and democracy by estimating a nation's production … shifters model enabled this study to find possible known channels between economic growth and democracy. Empirical results … based on a panel data of 144 countries observed for 1980–2014 show that democracy had a robust positive impact on economic …

Persistent link: https://www.econbiz.de/10012950922

A General Model of Technical Change with an Application to the OECD Countries

Heshmati, Almas - 2011

In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...

Persistent link: https://www.econbiz.de/10013119734

Globalization, Institutions, and the Ethnic Divide : Recent Longitudinal Evidence

Wunnava, Phani V. - 2012

This paper investigates the determinants of economic growth emphasizing the role of institutional quality, social fragmentation, and increasing global integration on recent growth experience. Our longitudinal data consists of 103 countries covering the period 1992-2005. We find that democracies...

Persistent link: https://www.econbiz.de/10013107710

The Political U : New Evidence on Democracy and Income

Campos, Nauro; Coricelli, Fabrizio; Frigerio, Marco - 2022

This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960 … support. These findings are robust to, among others, using night-lights instead of GDP, different democracy measures and …

Persistent link: https://www.econbiz.de/10014076385

Productivity, Welfare and Reallocation : Theory and Firm-Level Evidence

Basu, Susanto - 2009

We prove that the change in welfare of a representative consumer is summarized by the current and expected future values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility while taking prices parametrically. This result justifies...

Persistent link: https://www.econbiz.de/10013153299

Volatility and Growth : Governments are Key

Jetter, Michael - 2013

increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …

Persistent link: https://www.econbiz.de/10013071293

Trade and Economic Growth : Theories and Evidence from the Southern African Development Community

Farahane, Matias - 2020

This paper empirically tests the hypothesis that trade can act as an engine of growth using panel data for the Southern African Development Community (SADC), a regional integration agreement (RIA) organization, the central objective of whose formation was the need to accelerate, foster, and...

Persistent link: https://www.econbiz.de/10012823307

Estimation of Technical Change and TFP Growth Based on Observable Technology Shifters

Heshmati, Almas - 2017

This paper models and estimates total factor productivity (TFP) growth parametrically. The model is a generalization of the traditional production model where technology is represented by a time trend. TFP growth is decomposed into unobservable technical change, scale economies and observable...

Persistent link: https://www.econbiz.de/10012966058

Technical Change and Total Factor Productivity Growth : The Case of Chinese Provinces

Heshmati, Almas - 2010

In the literature technical change is mostly assumed to be exogenous and specified as a function of time. However, some exogenous external factors other than time can also affect technical change. In this paper we model technical change via time trend (purely external non-economic) as well as...

Persistent link: https://www.econbiz.de/10013147134

Technical Change and Total Factor Productivity Growth for Chinese Provinces : A Panel Data Analysis

Shiu, Alice - 2006

We present in this paper the panel econometrics estimation approach of measuring the technical change and total factor productivity (TFP) growth of 30 Chinese provinces during the period of 1993 to 2003. The random effects model with heteroscedastic variances has been used for the estimation of...

Persistent link: https://www.econbiz.de/10012780059