Terms of Trade Volatility, Government Spending Cyclicality, and Economic Growth
In: CAMA Working Paper No. 36/2016
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In: CAMA Working Paper No. 36/2016
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Working paper
In: Economica, Band 82, Heft s1, S. 1302-1323
ISSN: 1468-0335
This paper uses an instrumental variables approach to estimate the relationship between trade openness and economic growth in Sub‐Saharan Africa. Instrumental variables estimates show that economic growth has a significant negative contemporaneous effect on trade openness, while trade openness has a significant positive effect on economic growth. A 1 percentage point increase in the ratio of trade over GDP is associated with a short‐run increase in growth of approximately 0.5% in a given year; the cumulative long‐run effect on the level of GDP per capita is larger, reaching about 2%.
This paper estimates the effect of income inequality on real gross domestic product per capita using a panel of 104 countries during the period 1970–2010. The empirical analysis addresses endogeneity issues by using instrumental variables estimation and controlling for country and time fixed effects. The analysis finds that, on average, income inequality has a significant negative effect on transitional gross domestic product per capita growth and the long-run level of gross domestic product per capita. However, the impact varies by the level of economic development, so much so that in poor countries income inequality has a significant positive effect on gross domestic product per capita.
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In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 61, S. 142-153
In: The Economic Journal, Band 125, Heft 589, S. 1653-1676
In: The Economic Journal, Band 124, Heft 581, S. 1279-1316
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In: Centre for Applied Macroeconomic Analysis- CAMA Working Paper 17/2023
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In: CAMA Working Paper No. 100/2021
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In: CEPR Discussion Paper No. DP14104
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In: CAMA Working Paper No. 32/2019
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In: Explorations in economic history: EEH, Band 65, S. 94-105
ISSN: 0014-4983
In 2009 the Australian government delivered $8 billion in direct payments to households. These payments were pre-announced and randomly allocated over a 5-week period. We exploit this random allocation to estimate the causal response of households consumption expenditures. While we don't find a effect on consumption expenditures at the time of transfer we find a small, albeit statistically significant increase in consumption expenditures at the time of the announcement of the fiscal stimulus.
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In: Crawford School Research Paper No. 14-02
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Working paper
In: IREF-D-23-01082
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