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policymakers' beliefs about the impact of capital account liberalization on growth, under the 'Mundell's trilemma constraint. The …
Persistent link: https://www.econbiz.de/10011125876
This paper empirically tests the hypothesis that trade can act as an engine of growth using panel data for the Southern … formation was the need to accelerate, foster, and encourage the region's growth. Our results indicate that during the period … covered by this study (2005-2017), export expansion stimulated growth, more openness to trade reduced it, and that the …
Persistent link: https://www.econbiz.de/10012322478
We use recent immigration data from 195 countries and propose an index of population diversity based on people's birthplaces. This new index is then decomposed into a size (share of foreign born) and a variety (diversity of immigrants) component and is available for 1990 and 2000 disaggregated...
Persistent link: https://www.econbiz.de/10010328934
propositions and empirical tests consistent with these trends via a general-equilibrium model of endogenous growth where human … capital, population, income growth and distribution, and migration trends are endogenous. We derive new insights about the … impact of migration on long-term income growth and distribution, and the net benefits to natives in both destination and …
Persistent link: https://www.econbiz.de/10011428830
We use recent immigration data from 195 countries and propose an index of population diversity based on people's birthplaces. This new index is then decomposed into a size (share of foreign born) and a variety (diversity of immigrants) component and is available for 1990 and 2000 disaggregated...
Persistent link: https://www.econbiz.de/10010718612
This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960-2018, we show that the causal relationship between political and economic development is U- shaped: "intermediate" political regimes significantly lead to inferior economic...
Persistent link: https://www.econbiz.de/10013426447
This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust …
Persistent link: https://www.econbiz.de/10010319479
Industrial policies, such as infrastructure investments and export tariffs, affect the allocation of labor and incomes across sectors, attracting substantial lobbying efforts by special interest groups. Yet, the link between structural change and lobbying remains underexplored. Using more than...
Persistent link: https://www.econbiz.de/10015045465
The paper investigates the impact of ownership concentration on GDP growth, for a sample of 18 OECD countries over the … period 1980 to 2004. The econometric analysis shows that more concentrated ownership can speed up growth, for countries … regulation, the logic of financial markets discipline applies and dispersed ownership appears as more favorable for growth. Based …
Persistent link: https://www.econbiz.de/10010268652
In earlier work (Bénabou, Ticchi and Vindigni 2013) we uncovered a robust negative association between religiosity and patents per capita, holding across countries as well as US states, with and without controls. In this paper we turn to the individual level, examining the relationship between...
Persistent link: https://www.econbiz.de/10010531672