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This companion paper to Chatelain and Ralf (2012), “Spurious regressions with near-multicollinearity” put their results into the contexts of the history of statistics, of the current publication bias in applied sciences and of the substantive versus statistical significance debate. This...
Persistent link: https://www.econbiz.de/10015234736
This paper uses a simple production function to show that the economic performance of a group of African countries in 2007 depended on three broad sources: domestic resources, governance, and global links. The results reveal that investment plays the most important part. The effects of education...
Persistent link: https://www.econbiz.de/10015267292
This paper develops a political economy model to analyze the direct and indirect effects of aid volatility on growth … and the outcome of higher institutional quality on the effect of aid volatility on growth. Using time-series cross section … data for 77 countries from 1984-2007, the effects of aid volatility on growth are empirically tested. It is concluded that …
Persistent link: https://www.econbiz.de/10015236264
This paper develops a simple accounting framework that measures the effect of resource misallocation on aggregate productivity. This framework is based on a multi-sector general equilibrium model with sector-specific frictions in the form of taxes on sectoral factor inputs. Our framework is...
Persistent link: https://www.econbiz.de/10015215137
This work provides a macroeconomic approach and a sound conceptual foundation for the notion of "competitiveness gains", so prone to multiple interpretations, and to make it fit for empirical analyses. Instead of "competitiveness" is "competitiveness gains" the relevant concept, defined as a...
Persistent link: https://www.econbiz.de/10015216302
African countries may have fared poorly compared to some countries in other regions, but relative to their own performance history some African countries have done quite well over the past eight years. In particular 2004 and 2005 were especially good years. How can such performance be made to...
Persistent link: https://www.econbiz.de/10015217852
Economic growth around the world has not been equal for a long time. Some economics grow faster while others grow slower. But economists have predicted that the slower growing economics will eventually converge with the faster growing economy as some point in the future. This is known as the...
Persistent link: https://www.econbiz.de/10015222084
Meta analysis is conducted to review 32 empirical studies with 169 estimates to find the combined overall effect of military expenditure on economic growth. Using a meta fixed and random effects and regression analysis, our results show that there exists a "genuine" net effect of military...
Persistent link: https://www.econbiz.de/10015225639
Differences in total factor productivity (TFP) are the dominant source of the large variation of income across countries. This paper seeks to understand which sectors account for the aggregate TFP gap between rich and poor countries. I propose a new approach for estimating sectoral TFP using...
Persistent link: https://www.econbiz.de/10015227924
Extant literature indicates that technology, and by implication its underlying knowledge base, determines long-run economic performance. Absent from the literature with respect to developing countries are quantitative assessments of the nexus between technology as knowledge and economic...
Persistent link: https://www.econbiz.de/10015229303