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Why does the productivity of investment vary across countries?

Nell, Kevin S.; Thirlwall, Anthony P. - 2017

A country's growth of output is identically equal to its ratio of investment to output and the productivity of … investment. In "new" growth theory regressions, which include the investment ratio, all other included variables pick up why the … productivity of investment differs between countries. This paper converts a "new" growth theory regression equation into …

Persistent link: https://www.econbiz.de/10011617404

Chapter 11 Externalities and Growth

Klenow, Peter J.; Rodríguez-Clare, Andrés - 2005

that many countries appear to share a common long run growth rate despite persistently different rates of investment in …

Persistent link: https://www.econbiz.de/10014023776

Democratization and Growth

Papaioannou, Elias; Siourounis, Gregorios - 2009

This paper challenges recent empirical findings that democratic institutions have a negligible direct effect on economic growth. We delve into numerous historical sources and democracy indicators to identify the countries and timing of recent democratization episodes. We then employ a...

Persistent link: https://www.econbiz.de/10014070688

Public Debt and Economic Growth : New Evidence of the Non-Linearity

Djiogap, Constant - 2016

The aim of this paper is to address the relationship between public debt and economic growth. The paper uses the PSTR model to a broad panel data set for 126 industrialized and developing countries over the period of 1964-2014. We divide the data set into four groups, namely, high income...

Persistent link: https://www.econbiz.de/10012979710

Policy volatility and growth

Chong, Alberto (contributor); … - 2006

A growing body of recent macroeconomic evidence suggests that volatility is detrimental to economic growth. The channels through which volatility affects growth, however, are less clear; substantive evidence based on disaggregate data is almost non-existent. This paper offers a framework in...

Persistent link: https://www.econbiz.de/10003775716

Monetary and Fiscal Management, Finance and Growth

Gylfason, Thorvaldur - 2021

This lecture addresses three related aspects of monetary and fiscal management in Europe and elsewhere. First, I discuss the implications of economic integration for monetary and fiscal policy, especially the narrow focus on low inflation as the main objective of monetary policy. I argue that...

Persistent link: https://www.econbiz.de/10013319523

Structural change and total factor productivity : evidence from Germany

Henze, Philipp - 2015

This paper uses a long time series of German employment data to test the theory of Ngai & Pissarides (2007). The theory suggests that the shift of employment shares from manufacturing to services is due to divergent growth rates of total factor productivity (TFP) in the two sectors. To test the...

Persistent link: https://www.econbiz.de/10010514034

Structural change and total factor productivity : evidence from Germany

Henze, Philipp - 2015

Persistent link: https://www.econbiz.de/10010532079

Analyzing the tourism-energy-growth nexus for the top 10 most-visited countries

Işik, Cem; Doğan, Eyüp; Ongan, Serdar - In: Economies : open access journal 5 (2017) 4, pp. 1-13

(France, the USA, Spain, China, Italy, Turkey, Germany, the United Kingdom, Russia, and Mexico) in the world. This study finds …

Persistent link: https://www.econbiz.de/10011772435

Aid and growth : asymmetric effects?

Dörr, Leo - 2024 - Version: March 2024

This paper provides new empirical findings on the aid-growth relation. We find evidence for considerable asymmetry in the aid-growth relation; i.e., aid cuts have a large negative impact on economic activity, while increasing aid may be ineffective in promoting growth. Development aid thus...

Persistent link: https://www.econbiz.de/10014502327