Konstantin M Wacker
Biographic Data
| ID | 6455794 |
|---|---|
| NAME | Konstantin M Wacker |
| GIVEN NAMES | Konstantin M |
| FAMILY NAME | Wacker |
| SIGNATURE | WACKER K M |
| AFFILIATIONS | University of Groningen |
| ORCID | 0000-0003-1923-0386 |
| VERIFIED | Yes |
| TOTAL WORKS | 10 |
| TOTAL CITATIONS | 4 |
| WORKS AS AUTHOR | 10 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2017 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 2 |
Estimating Interaction Effects With Panel Data
This paper analyzes how interaction effects can be consistently estimated under economically plausible assumptions in linear panel models with a fixed ‐dimension. We advocate for a correlated interaction term effects (CITE) estimator and show that it is consistent under conditions that are not sufficient for consistency of the interaction term effect estimator that is most common in applied econometric work. Our paper discusses the empirical cont…
Accounting for Cross‐Country Differences in Output Per Worker
The standard macroeconomic literature suggests that richer countries employ more productive technologies. Removing technological disparities between countries would hence narrow the substantial variation in output per worker across countries. But technology is factor‐neutral in this standard development accounting approach, which is at odds with important macroeconomic frameworks and empirical results. We hence develop a CES production structure …
Good enough for outstanding growth
Drivers of growth accelerations
Economic growth is often episodic but the ultimate drivers of such growth accelerations are not understood very well. We therefore take a different perspective and investigate what happens to production factors and productivity before, during, and after 156 growth accelerations that we identify for 148 countries between 1950 and 2019. We are particularly interested in the role that physical capital accumulation can play in this context, given rec…
Explaining the global landscape of foreign direct investment
In this paper, we empirically re‐assess the question which theoretical motives and empirical models are most suitable to explain global patterns of foreign direct investment (FDI). Compared with previous studies, we use bilateral FDI positions with a much more comprehensive coverage of emerging and developing economies, the IMF's Coordinated Direct Investment Statistics. We apply cross‐validation to assess the performance of the gravity model and…
When Do We See Poverty Convergence
We show why convergence in mean income levels and the negative relation between mean income growth and poverty changes need not lead to proportionate poverty convergence across countries. We propose an analytical framework that highlights that poverty convergence depends on the speed of income convergence relative to a complex interaction of initial inequality, mean income levels, and inequality dynamics. Our framework allows us to investigate po…
Financial globalisation and the labour share in developing countries
In this paper, we investigate how de facto financial globalisation has influenced the labour share in developing countries. Our main argument is the need to distinguish between different types of capital in this context as they differ in their effect on the host countries' production process and vary concerning their bargaining power vis‐à‐vis labour. Our econometric analysis of the impact of foreign direct versus portfolio investment in a sample…
Who is Afraid of Informal Competition? The Role of Finance for Firms in Developing and Emerging Economies
Poverty and Shared Prosperity
Some authors argue that it is enough to focus on growth to achieve lower poverty and greater shared prosperity. Policy-makers are warned that any effort to make growth more equal would be a distraction at best and could even be detrimental. Achieving the World Bank target of a 3% poverty rate by 2030 will require, however, more targeted policies favoring the poorest segments of the population. But what would be these policies? While studies inves…
Explaining Ethiopia’s Growth Acceleration—The Role of Infrastructure and Macroeconomic Policy
Poverty and Shared Prosperity
Some authors argue that it is enough to focus on growth to achieve lower poverty and greater shared prosperity. Policy-makers are warned that any effort to make growth more equal would be a distraction at best and could even be detrimental. Achieving the World Bank target of a 3% poverty rate by 2030 will require, however, more targeted policies favoring the poorest segments of the population. But what would be these policies? While studies inves…
Explaining Ethiopia’s Growth Acceleration—The Role of Infrastructure and Macroeconomic Policy
Poverty and Shared Prosperity
Some authors argue that it is enough to focus on growth to achieve lower poverty and greater shared prosperity. Policy-makers are warned that any effort to make growth more equal would be a distraction at best and could even be detrimental. Achieving the World Bank target of a 3% poverty rate by 2030 will require, however, more targeted policies favoring the poorest segments of the population. But what would be these policies? While studies inves…
Explaining Ethiopia’s Growth Acceleration—The Role of Infrastructure and Macroeconomic Policy
Who is Afraid of Informal Competition? The Role of Finance for Firms in Developing and Emerging Economies
Financial globalisation and the labour share in developing countries
In this paper, we investigate how de facto financial globalisation has influenced the labour share in developing countries. Our main argument is the need to distinguish between different types of capital in this context as they differ in their effect on the host countries' production process and vary concerning their bargaining power vis‐à‐vis labour. Our econometric analysis of the impact of foreign direct versus portfolio investment in a sample…
Explaining the global landscape of foreign direct investment
In this paper, we empirically re‐assess the question which theoretical motives and empirical models are most suitable to explain global patterns of foreign direct investment (FDI). Compared with previous studies, we use bilateral FDI positions with a much more comprehensive coverage of emerging and developing economies, the IMF's Coordinated Direct Investment Statistics. We apply cross‐validation to assess the performance of the gravity model and…
When Do We See Poverty Convergence
We show why convergence in mean income levels and the negative relation between mean income growth and poverty changes need not lead to proportionate poverty convergence across countries. We propose an analytical framework that highlights that poverty convergence depends on the speed of income convergence relative to a complex interaction of initial inequality, mean income levels, and inequality dynamics. Our framework allows us to investigate po…
Drivers of growth accelerations
Economic growth is often episodic but the ultimate drivers of such growth accelerations are not understood very well. We therefore take a different perspective and investigate what happens to production factors and productivity before, during, and after 156 growth accelerations that we identify for 148 countries between 1950 and 2019. We are particularly interested in the role that physical capital accumulation can play in this context, given rec…
Good enough for outstanding growth
Accounting for Cross‐Country Differences in Output Per Worker
The standard macroeconomic literature suggests that richer countries employ more productive technologies. Removing technological disparities between countries would hence narrow the substantial variation in output per worker across countries. But technology is factor‐neutral in this standard development accounting approach, which is at odds with important macroeconomic frameworks and empirical results. We hence develop a CES production structure …
Estimating Interaction Effects With Panel Data
This paper analyzes how interaction effects can be consistently estimated under economically plausible assumptions in linear panel models with a fixed ‐dimension. We advocate for a correlated interaction term effects (CITE) estimator and show that it is consistent under conditions that are not sufficient for consistency of the interaction term effect estimator that is most common in applied econometric work. Our paper discusses the empirical cont…
Economics (8 works) · Economic growth (6 works) · Economic Growth and Productivity (5 works) · Fiscal Policy and Economic Growth (5 works) · Macroeconomics (5 works) · Developing country (4 works) · Development economics (4 works) · Market economy (4 works) · Finance (3 works) · Context (archaeology (2 works)