Narrow search
Showing 1 - 10 of 5,896
Cover Image
The Growth Effects of Current Account Reversals: The Role of Macroeconomic Policies
Mello, Luiz de; Padoan, Pier Carlo; Rousová, Linda - Economics Department, Organisation de Coopération et … - 2011
This paper assesses empirically whether or not current account reversals have permanent growth effects and the role of macroeconomic policies in this process. The methodology developed in de Mello, Padoan and Rousova (2010) to identify a chronology of current account reversals is applied to the...
Persistent link: https://www.econbiz.de/10009131544
Cover Image
The role of macroeconomic policy in rebalancing growth
Morgan, Peter J. - In: Journal of Asian Economics 23 (2012) 1, pp. 13-25
The aftermath of the global financial crisis of 2007–2009 has called the export-led growth model of many Asian economies into question. This paper describes the contribution that macroeconomic policy can make to promote a rebalancing of growth away from dependence on exports to developed...
Persistent link: https://www.econbiz.de/10011042794
Cover Image
China's March to Prosperity: Reforms to Avoid the Middle-income Trap
Koen, Vincent; Herd, Richard; Hill, Sam - Economics Department, Organisation de Coopération et … - 2013
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
Cover Image
Growth and Capital Flows with Risky Entrepreneurship
Sandri, Damiano - In: American Economic Journal: Macroeconomics 6 (2014) 3, pp. 102-23
We show that the behavior of entrepreneurs facing incomplete financial markets and risky investment can explain why accelerations of productivity growth in developing countries tend to be associated with current account improvements. Under uninsurable investment risk, entrepreneurs have to...
Persistent link: https://www.econbiz.de/10010788953
Cover Image
Offshoring, Relocation and the Speed of Convergence in the Enlarged European Union
Alho, Kari; Kaitila, Ville; Widgrén, Mika - C.E.P.R. Discussion Papers - 2008
Economic convergence of the new member states (NMS) of the EU towards the old EU countries (EU-15), not only in terms …, consumption, and labour mobility behaviour to address several other issues like welfare and sustainability in terms of foreign … indebtedness. At the same time we evaluate the impact of convergence on the EU-15 countries also, by endogenising offshoring and …
Persistent link: https://www.econbiz.de/10005136618
Cover Image
Effects of transitory shocks to aggregate output on consumption in poor countries
Brückner, Markus; Gradstein, Mark - In: Journal of International Economics 91 (2013) 2, pp. 343-357
This paper provides instrumental variables estimates of the response of aggregate private consumption to transitory … transitory shocks to aggregate output on private consumption in poor countries. …
Persistent link: https://www.econbiz.de/10011056357
Cover Image
Effects of Transitory Shocks to Aggregate Output on Consumption in Poor Countries
Brückner, Markus; Gradstein, Mark - C.E.P.R. Discussion Papers - 2013
This paper provides instrumental variables estimates of the response of aggregate private consumption to transitory … transitory shocks to aggregate output on private consumption in poor countries. …
Persistent link: https://www.econbiz.de/10011083244
Cover Image
The financial crisis and sizable international reserves depletion: From ‘fear of floating’ to the ‘fear of losing international reserves’?
Aizenman, Joshua; Sun, Yi - In: International Review of Economics & Finance 24 (2012) C, pp. 250-269
We explain the size of international reserve depletion during the global crisis, where only about half of the EMs drew down their reserves as part of the adjustment mechanism. Countries that internalized their large exposure to trade shocks before the crisis, used their IR as a buffer stock in...
Persistent link: https://www.econbiz.de/10010943004
Cover Image
Globalization and the Sustainability of Large Current Account Imbalances: Size Matters
Aizenman, Joshua; Sun, Yi - National Bureau of Economic Research (NBER) - 2008
This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate and current account/GDP exceed 10%. We investigate the size distribution and the durability of current account deficits during 1966-2005, and report the results of a simulation...
Persistent link: https://www.econbiz.de/10005710827
Cover Image
Where Did the Trade Liberalization Drive Latin American Economy: A Cross Section Analysis
Rajagopal - In: Applied Econometrics and International Development 6 (2006) 2
The institutional reforms towards trade liberalizations in Latin America during the 1980s and the 1990s have introduced a good measure of import competition, but trade policies alone are not sufficient to create a competitive environment in an economy. Most of the region's economies have changed...
Persistent link: https://www.econbiz.de/10005062989