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Growth in emerging market economies (EMEs) is set to durably slow from the rates observed over 2010-12 as cyclical … effects fade, potential growth declines and external financing conditions tighten. Large negative current account balances … countries’ growth could be around ⅔ percentage points lower on average, with around ½ percentage point accounted for by trade …
Persistent link: https://www.econbiz.de/10011276844
the size of government and on other key economic variables, including the consumption-wealth ratio, the growth rate of … because of risk sharing. The theoretical results for the growth rate depend on differences in productivity and in consumption …
Persistent link: https://www.econbiz.de/10010187510
growth and volatility in developing countries. The results suggest that it is difficult to establish a robust causal … relationship between financial integration and economic growth. Furthermore, there is little evidence that developing countries … have been consistently successful in using financial integration to stabilize fluctuations in consumption growth. However …
Persistent link: https://www.econbiz.de/10005136571
An extensive literature stresses that currency misalignments are costly in terms of growth performance. However, these …
Persistent link: https://www.econbiz.de/10010744022
The classical argument for free trade stressed the possibilities of economic growth by exploiting the gains from trade … higher growth rate. Moreover, the arguments for free trade were made against the background of an assumed hard peg (the gold …-for-one increase in the growth rate, and potential regional hegemony for the first mover. To restore balance amongst the trade partners …
Persistent link: https://www.econbiz.de/10011133481
measures on Bangladesh's growth process by analyzing the 1974-2007 data with the help of cointegration, error correction, and … Granger causality tests. The results suggest that long-run economic growth in Bangladesh is largely explained by investments … causality runs in both ways between capital account liberalization and economic growth, it runs only in one direction from …
Persistent link: https://www.econbiz.de/10011096473
. There is a growth externality in the tradable sector and agents have imperfect access to international financial markets. By … the tradable sector that boosts growth. Financial frictions generate imperfect substitutability between private and public … reserve accumulation, growth and current account surpluses. The possibility of using reserves to provide liquidity during …
Persistent link: https://www.econbiz.de/10011083850
the size of government and on other key economic variables, including the consumption-wealth ratio, the growth rate of … because of risk sharing. The theoretical results for the growth rate depend on differences in productivity and in consumption …
Persistent link: https://www.econbiz.de/10010981397
capital varieties is less then infinity, but more than the value that would generate endogenous growth. This production … the relatively slow speed of convergence documented in the growth literature. Calibrating the model, our results are that …
Persistent link: https://www.econbiz.de/10009364327
that would generate endogenous growth. This production structure is consistent with empirical estimates of the actual …
Persistent link: https://www.econbiz.de/10010679295