Browsing Duke Scholarly Works by Author "0331721"

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  • Burnside, A. Craig; Dollar, David (SSRN eLibrary, 2004)
    Burnside and Dollar revisit the relationship between aid and growth using a new data set focusing on the 1990s. The evidence supports the view that the impact of aid depends on the quality of state institutions and policies. ...
  • Burnside, A. Craig; Eichenbaum, Martin; Rebelo, Sergio (The University of Chicago Press, 1995)
    This paper studies the implications of procyclical capital utilization rates for inference regarding cyclical movements in labor productivity and the degree of returns to scale. We organize our investigation around five ...
  • Burnside, Craig (SSRN eLibrary, 2008)
    Risk factors in many consumption-based asset pricing models display statistically weak correlation with the returns being priced. Some GMM procedures used to test these models have low power to reject misspecified stochastic ...
  • Burnside, A. Craig; Eichenbaum, Martin; Kleshchelski, Isaac; Rebelo, Sergio T. (SSRN eLibrary, 2006)
    Currencies that are at a forward premium tend to depreciate. This `forward-premium puzzle` represents an egregious deviation from uncovered interest parity. We document the properties of returns to currency speculation ...