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Full-Text Articles in Other Economics

The Political Economy Of Foreign Aid And Growth: Theory And Evidence, Sultan Mehmood, Avner Seror Mar 2019

The Political Economy Of Foreign Aid And Growth: Theory And Evidence, Sultan Mehmood, Avner Seror

ESI Working Papers

In this paper, we demonstrate that even when foreign aid is used to fund patronage, it may still have a positive - and significant - effect on economic growth in developing countries. First, we present a theory that formalizes the effect of aid on economic growth and patronage. Next, we provide evidence from Pakistan consistent with the predictions of the model that foreign aid increases economic growth, despite being used for patronage. The identification strategy we propose allows us to provide causal evidence for the predictions of the model.


A Multivariate Analysis Of The Causal Flow Between Renewable Energy Consumption And Gdp In Tunisia, Ousama Ben Salha, Maamar Sebri Dec 2013

A Multivariate Analysis Of The Causal Flow Between Renewable Energy Consumption And Gdp In Tunisia, Ousama Ben Salha, Maamar Sebri

Ousama Ben Salha

This paper examines the causality linkages between economic growth, renewable energy consumption, CO2 emissions and domestic investment in Tunisia between 1971 and 2010. Using the ARDL bounds testing approach to cointegration, long-run relationships between the variables are identified. The Granger causality analysis, on the other hand, indicates that there is bi-directional causality between renewable energy consumption and economic growth, which supports the feedback hypothesis in Tunisia. In addition, the quantity of CO2 emissions collapses as a reaction to an increase in renewable energy consumption. These findings remain robust even when controlling for the presence of structural break. We conclude that ...


Energy Consumption-Economic Growth Nexus: Does The Level Of Aggregation Matter?, Maamar Sebri, Mehdi Abid Dec 2011

Energy Consumption-Economic Growth Nexus: Does The Level Of Aggregation Matter?, Maamar Sebri, Mehdi Abid

Maamar Sebri

This study investigates the causal relationship between energy consumption and economic performance for the total economy as well as for industry, transport, and residential sectors for Tunisia during the period 1980-2007. The application of Vector error correction model (VECM) for non-stationary and cointegrated series suggests that causality directions at aggregated and disaggregated levels are mixed. However, the findings have important policy implications. While at the level of the total economy, energy plays an important role in development of Tunisian economy, it seems not to have an impact on economic performance at sectoral level. We conclude that results appear to be ...


Insuficiencia Dinámica Manufacturera Y Estancamiento Económico En México. Análisis Y Recomendaciones De Política, Isaac Leobardo Sánchez Juárez Nov 2011

Insuficiencia Dinámica Manufacturera Y Estancamiento Económico En México. Análisis Y Recomendaciones De Política, Isaac Leobardo Sánchez Juárez

Isaac Sánchez-Juárez

Libro que aborda el problema del estancamiento económico en México, y lo explica por medio de un enfoque sectorial. Incluye también propuestas para superar el problema.


Fiscal Decentralization And Economic Growth Reconsidered, John Thornton Dec 2006

Fiscal Decentralization And Economic Growth Reconsidered, John Thornton

John Thornton

Recent studies examining the relation between fiscal decentralization and economic growth have failed to take account of the extent of the independent taxing powers available to sub-national governments and thus have substantially overstated the degree of effective decentralization. Results from a cross section study of 19 OECD member countries suggest that when the measure of fiscal decentralization is limited to the revenues over which sub-national governments have full autonomy, its impact on economic growth is not statistically significant.