Showing 1 - 10 of 364
After a massive international campaign calling attention to the development impact of foreign debt, the Heavily Indebted Poor Countries (HIPC) initiative is now underway. But will the HIPC Initiative meet its high expectations? Will debt relief substantially raise growth? How do we make sure...
Persistent link: https://www.econbiz.de/10011612270
Detailed analyses of poverty and wellbeing in developing countries, based on household surveys, have been ongoing for more than three decades. The large majority of developing countries now regularly conduct a variety of household surveys, and their information base with respect to poverty and...
Persistent link: https://www.econbiz.de/10011594636
David Ricardo initially believed machinery would help workers but revised his opinion, likely based on the impact of automation in the textile industry. Despite cotton textiles becoming one of the largest sectors in the British economy, real wages for cotton weavers did not rise for decades. As...
Persistent link: https://www.econbiz.de/10014544695
"While substantial research finds that financial development boosts overall economic growth, we study whether financial development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we distinguish among competing theoretical predictions...
Persistent link: https://www.econbiz.de/10010522996
The authors address the question of infrastructure reforms in a novel way by focusing on the impact which they can have on consumers through the prices paid by different groups and on their access to the networks. They analyse original material from four Latin American countries - Argentina,...
Persistent link: https://www.econbiz.de/10011851393
We study the roles of globalization and structural change in the evolution of international GDP comovement among … share of less correlated sectors in GDP. Globalization - trend reductions in trade costs - exerts two opposing effects on … therefore comovement. On the other, globalization induces structural change towards services because it reduces the relative …
Persistent link: https://www.econbiz.de/10014322746
emerging markets since 1960. We develop a two-region model of the world economy in which regions are isolated from each other …
Persistent link: https://www.econbiz.de/10013435146
A large literature has documented that fiscal policy is procyclical in emerging markets and developing economies and acyclical/countercyclical in advanced economies. This paper analyzes fiscal procyclicality in commodity-exporting countries. It first shows that the degree of fiscal...
Persistent link: https://www.econbiz.de/10014322818
The last two centuries witnessed the rise and fall of empires. We construct a model which rationalises this in terms of the changing trade gains from empires. In the model, empires are arrangements that reduce trade cost between an industrial metropole and the agricultural periphery. During...
Persistent link: https://www.econbiz.de/10013334512
We assess market mediated financial integration over the last fifty years. We first systematically lay out several definitions of financial integration, and then review the evidence regarding whether covered interest parity, uncovered interest parity, and real interest parity hold across...
Persistent link: https://www.econbiz.de/10014322892