Related papers: Real GDP per capita since 1870
In this paper the methodology proponed by Cerqueira et al, 2008; is applied to estimate the three-month series of the Chilean Gross Domestic Product (GDP) in the period composed between 1965 and 2009. In First place, the equation of Engle-…
A linear link between S&P 500 return and the change rate of the number of nine-year-olds in the USA has been found. The return is represented by a sum of monthly returns during previous twelve months. The change rate of the specific age…
This paper investigates the relevance of the No-Ponzi game condition for public debt (i.e. the public debt growth rate has to be lower than the real interest rate, a necessary assumption for Ricardian equivalence) and of the transversality…
Biological time can be measured in two ways: in generations and in physical (chronological) time. When generations overlap, these two notions diverge, which impedes our ability to relate mathematical models to real populations. In this…
This study aims to investigate the factors influencing the Human Development Index (HDI). Five variables-GDP per capita, health expenditure, education expenditure, infant mortality rate (per 1,000 live births), and average years of…
This paper discusses the empirical validity of Goodwin's (1967) macroeconomic model of growth with cycles by assuming that the individual income distribution of the Brazilian society is described by the Gompertz-Pareto distribution (GPD).…
Does euro adoption affect long-run economic growth? Existing evidence is mixed, reflecting limited treated countries, long horizons that challenge inference, and heterogeneity across member states. We estimate causal dynamic and…
Is there a general economic pathway recapitulated by individual cities over and over? Identifying such evolution structure, if any, would inform models for the assessment, maintenance, and forecasting of urban sustainability and economic…
On the occasion of the last FIFA World Cup in Brazil, The Economist published a plot depicting how many goals have been scored in all World Cup competitions until present, minute by minute. The plot was followed by a naive and poorly…
Demographic transition, characterized by declines in fertility and mortality, is a global phenomenon associated with modernization. While typical patterns of fertility decline are observed in Western countries, their applicability to other…
Attributes which are infrequently expressed in a population can require weeks or months of counting to reach statistical significance. But replacement in a stable population increases long-term counts to a degree determined by the…
We study the global probability distribution of energy consumption per capita around the world using data from the U.S. Energy Information Administration (EIA) for 1980-2010. We find that the Lorenz curves have moved up during this time…
In 2012 the world's population exceeded 7 billion, and since 2008 the number of individuals living in urban areas has surpassed that of rural areas. This is the result of an overall increase of life expectancy in many countries that has…
We estimate cumulative CO2 emissions during the period 2000 to 2050 from developed and developing countries based on the empirical relationship between CO2 per capita emissions (due to fossil fuel combustion and cement production) and…
This paper examines the monetary policies the Federal Reserve implemented in response to the Global Financial Crisis. More specifically, it analyzes the Federal Reserve's quantitative easing (QE) programs, liquidity facilities, and forward…
This study constructs a growth model of the Great Divergence that formalizes Pomeranz's (2000) hypothesis that the relief of land constraints in Europe has caused divergence in economic growth between Europe and China since the 19th…
Modeling and predicting extreme movements in GDP is notoriously difficult and the selection of appropriate covariates and/or possible forms of nonlinearities are key in obtaining precise forecasts. In this paper, our focus is on using large…
We propose a new model for the joint evolution of the European inflation rate, the European Central Bank official interest rate and the short-term interest rate, in a stochastic, continuous time setting. We derive the valuation equation for…
The report considers the dynamics of the global population as the unique case of the Socio-Economic Soft Matter system. This category was introduced for complex systems dominated by mesoscale assemblies, emerging due to the inherent…
Recent research has documented a reversal from divergence to convergence in income levels between rich and poor countries after 2000. This paper employs a growth accounting framework to investigate the proximate sources of convergence over…