Showing 1 - 10 of 17
It is often argued that macroeconomic instability can form a binding constraint on economic growth. Drawing on a new index of stability, threshold estimation is used to divide developing economies into two growth regimes, depending on a threshold level of stability. For the more stable group of...
Persistent link: https://www.econbiz.de/10008553274
We introduce a new 'supply-push' instrument for foreign aid, to be used together with an instrumental variable estimator that filters out interactive fixed effects.  We use this instrument to study the effects of aid on macroeconomic ratios, and especially the ratios of consumption, investment,...
Persistent link: https://www.econbiz.de/10011159030
This paper examines the structural determinants of output volatility in developing countries, and especially the roles of geography and institutions. We investigate the volatility effects of market access, climate variability, the geographic predisposition to trade, and various measures of...
Persistent link: https://www.econbiz.de/10005066343
Standard macroeconomic models suggest that the 'great ratios' of consumption to output and investment to output should be stationary. The joint behaviour of consumption, investment and output can then be used to measure trend output. We adopt this approach for the USA and UK, and find support...
Persistent link: https://www.econbiz.de/10005135193
Standard macroeconomic models suggest that the 'great ratios' of consumption to output and investment to output should be stable functions of structural parameters. We examine whether the ratios are stationary for the US and UK, allowing for structural breaks that could reflect time-varying...
Persistent link: https://www.econbiz.de/10008868327
Since the early 1990s, there has been a renaissance in the study of regional growth, spurred by new models, methods and data. We survey a range of modelling traditions, and some formal approaches to the ?hard problem? of regional economics, namely the joint consideration of agglomeration and...
Persistent link: https://www.econbiz.de/10010699021
This chapter examines the conditions under which foreign aid will be effective in raising growth, reducing poverty, and meeting basic needs in areas such as education and health. The primary aim is not to draw policy conclusions, but to highlight the main questions that arise, the contributions...
Persistent link: https://www.econbiz.de/10010700808
This paper examines the structural determinants of output volatility in developing countries, and especially the roles of geography and institutions. We investigate the volatility effects of market access, climate variability, the geographic predisposition to trade, and various measures of...
Persistent link: https://www.econbiz.de/10010604861
This paper provides a survey and synthesis of econometric tools that have been employed to study economic growth. While these tools range across a variety of statistical methods, they are united in the common goals of first, identifying interesting contemporaneous patterns in growth data and...
Persistent link: https://www.econbiz.de/10005365483
Since the early 1990s, there has been a renaissance in the study of regional growth, spurred by new models, methods, and data. We survey a range of modeling traditions, and some formal approaches to the hard problem of regional economics; namely, the joint consideration of agglomeration and...
Persistent link: https://www.econbiz.de/10010758559