Showing 1 - 8 of 8
benign international environment, this approach makes it unlikely that the economy will face a collapse in growth. But there … benign international environment, this approach makes it unlikely that the economy will face a collapse in growth. But there …
Persistent link: https://www.econbiz.de/10003539352
Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...
Persistent link: https://www.econbiz.de/10003747653
the economy resilient to large shocks, ensure the sustainability of its growth, and translate this growth into … development, along with its rising market orientation and increasing integration with the world economy, may make the incremental … tackling some deep-rooted problems without causing much economic disruption. -- policy reforms ; market-oriented economy …
Persistent link: https://www.econbiz.de/10003464109
We document the recent phenomenon of "uphill" flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find that there is a positive correlation between current...
Persistent link: https://www.econbiz.de/10003591497
Cross-country regressions suggest little connection from foreign capital inflows to more rapid economic growth for developing countries and emerging markets. This suggests that the lack of domestic savings is not the primary constraint on growth in these economies, as implicitly assumed in the...
Persistent link: https://www.econbiz.de/10003697367
required in the world economy. In this paper, I provide an empirical characterization of the composition of GDP levels and … and Vietnam. To examine the global implications of domestic growth patterns in Asia, I analyze saving-investment balances …
Persistent link: https://www.econbiz.de/10003879333
overall inequality and poverty. We argue that, from a political economy perspective, transfer mechanisms were well-designed to …
Persistent link: https://www.econbiz.de/10011406724
's low levels of financial and institutional development, state-dominated economy, and nondemocratic government …. Notwithstanding the inefficient and risky growth model, the government has maneuvered the economy around various stresses without any …
Persistent link: https://www.econbiz.de/10014279871