Þorvaldur Gylfason
Datos Biográficos
| ID | 5806402 |
|---|---|
| NOMBRE | Þorvaldur Gylfason |
| NOMBRES | Þorvaldur |
| APELLIDO | Gylfason |
| FIRMA | GYLFASON Þ |
| AFILIACIONES | University of Iceland |
| ORCID | 0000-0001-7876-8130 |
| VERIFICADO | Sí |
| TOTAL DE OBRAS | 13 |
| TOTAL DE CITAS | 20 |
| TOTAL COMO AUTOR | 13 |
| TOTAL COMO EDITOR | 0 |
| PRIMER AÑO DE PUBLICACIÓN | 1980 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2015 |
| ÍNDICE H | 3 |
Free Trade Agreements, Institutions and the Exports of Eastern Partnership Countries
Following popular protests at home and the fall of the government, Ukraine reversed course and joined Georgia and Moldova in signing Association Agreements in June 2014. This article has two main aims. First, using a gravity model of trade, it estimates the effects of deep and shallow free trade agreements for the EaP (Eastern Partnership) states with Russia and the EU respectively. Second, by relating the outcomes of the first estimation to the …
Natural Resources and Economic Growth
Is it possible that excessive reliance on natural resources affects saving and investment in a way that retards economic growth? – and thus, in the long run, the level of output per capita. This paper reviews the literature, explores the data and compares and contrasts the explanatory power and interplay of natural resources and civil liberties, our proxy for institutional variables currently under scrutiny in the literature. We propose that natu…
A Nordic Perspective on Natural Resource Abundance
This chapter examines the impact of resource abundance on the economic performance of Denmark, Finland, Iceland, Norway, and Sweden. Natural resource abundance can retard economic growth by reducing total exports, and investments in human and physical capital. These outcomes are not inevitable if appropriate institutions safeguards are in place. However, an echo effect of resource dependence may be detected.
Natural resources, education, and economic development
Nature, Power and Growth
This essay reviews the relationship between natural–resource abundance and economic growth around the world, and presents some new results. The principal reasons why resource–based production can inhibit economic growth over long periods are traced to the Dutch disease, neglect of education, rent seeking, and economic policy failures. Across a large number of countries in the period from 1965 to 1998, the share of the primary sector in the labour…
A Mixed Blessing
This paper diagnoses the symptoms of the Dutch disease in a two-sector stochastic endogenous growth model. A productive, low-skill-intensive primary sector causes the currency to appreciate in real terms, thus hampering the development of a high-skill-intensive secondary sector and thereby reducing growth. Moreover, the volatility of the primary sector generates real-exchange-rate uncertainty and may thus reduce investment and learning in the sec…
Exports, Inflation and Growth
Output gains from economic stabilization
The interaction of monetary policy and wages
Does Devaluation Make Sense in the Least Developed Countries
The focus of this study is on the short-to-medium-term effects of devalution in the least developed countries where a large part of the population barely survives on a subsistence wage. A general macroeconomic framwork for devaluation analysis in LDCs is developed. Empirical evidence is presented to demonstrate that devaluation can be an efficient means of reducing current account deficits in the least developed countries, provided that it is acc…
Union Rivalry and Wages
Interest Rates, Inflation, and the Aggregate Consumption Function
This paper reports on an empirical study of the effects of interest rates and inflation on aggregate consumption in the United States. Empirical evidence, based on quarterly U.S. data from the postwar period, is first presented in support of the hypothesis that the real rate of interest varies inversely with the rate of inflation, at least in the short run. Regression estimates of an aggregate consumption function for the United States, also base…
A Synthesis of Monetary and Keynesian Approaches to Short-Run Balance-of- Payments Theory
Nature, Power and Growth
This essay reviews the relationship between natural–resource abundance and economic growth around the world, and presents some new results. The principal reasons why resource–based production can inhibit economic growth over long periods are traced to the Dutch disease, neglect of education, rent seeking, and economic policy failures. Across a large number of countries in the period from 1965 to 1998, the share of the primary sector in the labour…
A Synthesis of Monetary and Keynesian Approaches to Short-Run Balance-of- Payments Theory
The interaction of monetary policy and wages
Free Trade Agreements, Institutions and the Exports of Eastern Partnership Countries
Following popular protests at home and the fall of the government, Ukraine reversed course and joined Georgia and Moldova in signing Association Agreements in June 2014. This article has two main aims. First, using a gravity model of trade, it estimates the effects of deep and shallow free trade agreements for the EaP (Eastern Partnership) states with Russia and the EU respectively. Second, by relating the outcomes of the first estimation to the …
Output gains from economic stabilization
Does Devaluation Make Sense in the Least Developed Countries
The focus of this study is on the short-to-medium-term effects of devalution in the least developed countries where a large part of the population barely survives on a subsistence wage. A general macroeconomic framwork for devaluation analysis in LDCs is developed. Empirical evidence is presented to demonstrate that devaluation can be an efficient means of reducing current account deficits in the least developed countries, provided that it is acc…
Union Rivalry and Wages
A Synthesis of Monetary and Keynesian Approaches to Short-Run Balance-of- Payments Theory
Interest Rates, Inflation, and the Aggregate Consumption Function
This paper reports on an empirical study of the effects of interest rates and inflation on aggregate consumption in the United States. Empirical evidence, based on quarterly U.S. data from the postwar period, is first presented in support of the hypothesis that the real rate of interest varies inversely with the rate of inflation, at least in the short run. Regression estimates of an aggregate consumption function for the United States, also base…
Union Rivalry and Wages
Does Devaluation Make Sense in the Least Developed Countries
The focus of this study is on the short-to-medium-term effects of devalution in the least developed countries where a large part of the population barely survives on a subsistence wage. A general macroeconomic framwork for devaluation analysis in LDCs is developed. Empirical evidence is presented to demonstrate that devaluation can be an efficient means of reducing current account deficits in the least developed countries, provided that it is acc…
The interaction of monetary policy and wages
Output gains from economic stabilization
A Mixed Blessing
This paper diagnoses the symptoms of the Dutch disease in a two-sector stochastic endogenous growth model. A productive, low-skill-intensive primary sector causes the currency to appreciate in real terms, thus hampering the development of a high-skill-intensive secondary sector and thereby reducing growth. Moreover, the volatility of the primary sector generates real-exchange-rate uncertainty and may thus reduce investment and learning in the sec…
Exports, Inflation and Growth
Natural resources, education, and economic development
Nature, Power and Growth
This essay reviews the relationship between natural–resource abundance and economic growth around the world, and presents some new results. The principal reasons why resource–based production can inhibit economic growth over long periods are traced to the Dutch disease, neglect of education, rent seeking, and economic policy failures. Across a large number of countries in the period from 1965 to 1998, the share of the primary sector in the labour…
A Nordic Perspective on Natural Resource Abundance
This chapter examines the impact of resource abundance on the economic performance of Denmark, Finland, Iceland, Norway, and Sweden. Natural resource abundance can retard economic growth by reducing total exports, and investments in human and physical capital. These outcomes are not inevitable if appropriate institutions safeguards are in place. However, an echo effect of resource dependence may be detected.
Natural Resources and Economic Growth
Is it possible that excessive reliance on natural resources affects saving and investment in a way that retards economic growth? – and thus, in the long run, the level of output per capita. This paper reviews the literature, explores the data and compares and contrasts the explanatory power and interplay of natural resources and civil liberties, our proxy for institutional variables currently under scrutiny in the literature. We propose that natu…
Free Trade Agreements, Institutions and the Exports of Eastern Partnership Countries
Following popular protests at home and the fall of the government, Ukraine reversed course and joined Georgia and Moldova in signing Association Agreements in June 2014. This article has two main aims. First, using a gravity model of trade, it estimates the effects of deep and shallow free trade agreements for the EaP (Eastern Partnership) states with Russia and the EU respectively. Second, by relating the outcomes of the first estimation to the …
Economics (13 obras) · Monetary economics (7 obras) · Economic Growth and Productivity (6 obras) · Fiscal Policy and Economic Growth (6 obras) · Macroeconomics (6 obras) · Natural resource (5 obras) · Natural Resources and Economic Development (4 obras) · Biology (3 obras) · Development economics (3 obras) · Econometrics (3 obras)