energy sources with five-year average panel data for a sample of 44 developed countries in the period 1975-1999 are presented …. It is shown that, for a large variety of constellations, rising energy prices are not a threat to economic development …The paper first develops a theoretical model with di¤erent sectors, each providing a channel for an impact of energy …

energy sources with five-year average panel data for a sample of 44 developed countries in the period 1975-1999 are presented …. It is shown that, for a large variety of constellations, rising energy prices are not a threat to economic development …The paper first develops a theoretical model with different sectors, each providing a channel for an impact of energy …

impact on a government's decisions on how to allocate government expenditure between public consumption and investment. Using … estimate panel regressions for several OECD economies over a period 1960-95. Our empirical evidence on the effects of political …

pooled mean group estimator (SPMG) to deal with these features. Using this new panel estimator and a dataset spanning almost …