Showing 1 - 10 of 1,321
Most of the future growth in energy use is forecast to come from the developing world. Understanding the likely pace … and specific location of this growth is essential to inform decisions about energy infrastructure investments and to … improve greenhouse gas emissions forecasts. We argue that countries with pro-poor economic growth will experience larger …
Persistent link: https://www.econbiz.de/10013081243
The purpose of this paper is to introduce the concept of power density [Watts/m2] into economics. By introducing an explicit spatial structure into a simple general equilibrium model we are able to show how the power density of available energy resources determines the extent of energy...
Persistent link: https://www.econbiz.de/10013065797
Do shocks to government spending raise or lower consumption and real wages? Standard VAR identification approaches show … difference in the approaches is the timing. Both professional forecasts and the narrative approach shocks Granger-cause the VAR … shocks, implying that the VAR shocks are missing the timing of the news. Simulations from a standard neoclassical model in …
Persistent link: https://www.econbiz.de/10013155114
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions trumps' everything else. Once institutions are...
Persistent link: https://www.econbiz.de/10013224849
-to-year variation in cyclone strikes to identify the causal effect of environmental disasters on long-run growth. We compare each … country's growth rate to itself in the years immediately before and after exposure, accounting for the distribution of … cyclones in preceding years. The data reject hypotheses that disasters stimulate growth or that short-run losses disappear …
Persistent link: https://www.econbiz.de/10013049691
says that growth harms the environment at low levels of income and helps at high levels, and to support the proposition … that openness to trade accelerates the growth process …
Persistent link: https://www.econbiz.de/10013215340
We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect … sensitivity analyses of cross-country growth regressions generate remarkably stable results across specifications, time periods …, and country samples. In addressing causality, we find, first, significant growth effects of cognitive skills when …
Persistent link: https://www.econbiz.de/10012758020
The remarkable decline in macroeconomic volatility experienced by the U.S. economy since the mid-80s (the so-called Great Moderation) has been accompanied by large changes in the patterns of comovements among output, hours and labor productivity. Those changes are reflected in both conditional...
Persistent link: https://www.econbiz.de/10012758591
experience. In contrast to the East Asian experience, none of the recent growth accelerations in Latin America, Africa, or South … rapid within-sector labor productivity growth (Latin America) or growth-increasing structural change (Africa), but rarely …Growth has accelerated in a wide range of developing countries over the last couple of decades, resulting in an …
Persistent link: https://www.econbiz.de/10012963742
Using country- and region-level data, I investigate the effect of HIV/AIDS on fertility in Africa during 1985 …
Persistent link: https://www.econbiz.de/10013220972