Similar Search Results

Hayo, Bernd; Shin, Doh Chull - EconWPA - 2002

The International Monetary Fund (IMF) has played an important role in restructuring the Korean economy over the past … three years. Relying upon survey data collected in 1998 and 1999, this paper explores the role of the IMF in Korea, as … perceived by its citizens. In the eyes of the Korean people, the IMF helped their economy to recover from the crisis. However …

Persistent link: https://www.econbiz.de/10005407713

Capital Augmenting and Labor Augmenting Approach in Measuring Contribution of Human Capital and Education to Economic Growth

Popovic, Milenko - EconWPA - 2005

In this paper an effort has been made to unveil some hidden and implicit assumptions that has been used in different models dealing with analysis and measurement of contribution of human capital to economic growth. In order to do it we started from the general production function with...

Persistent link: https://www.econbiz.de/10005556090

Global Banks, Financial Shocks and International Business Cycles: Evidence from an Estimated Model

Kollmann, Robert - C.E.P.R. Discussion Papers - 2012

This paper estimates a two-country model with a global bank, using US and Euro Area (EA) data, and Bayesian methods. The estimated model matches key US and EA business cycle statistics. Empirically, a model version with a bank capital requirement outperforms a structure without such a...

Persistent link: https://www.econbiz.de/10011084059

Convergence Clubs and Diverging Economies

Ben-David, Dan - C.E.P.R. Discussion Papers - 1994

This paper focuses on the question of income convergence among countries. While the methodology used to determine convergence differs from the common cross-sectional approach, it corroborates Baumol's finding of a convergence club among the world's wealthiest countries. It also shows that there...

Persistent link: https://www.econbiz.de/10005136469

Trade and Convergence Among Countries

Ben-David, Dan - C.E.P.R. Discussion Papers - 1995

This paper examines the relationship between trade and income convergence by focusing on groups of countries comprising major trade partners. The majority of these groups exhibited significant convergence. Furthermore, a comparison of the trade-based groups with different, randomly selected,...

Persistent link: https://www.econbiz.de/10005497780

Slowdowns and Meltdowns: Post-war Growth Evidence from 74 Countries

Ben-David, Dan; Papell, David - C.E.P.R. Discussion Papers - 1995

Many countries, both industrialized and developing, appear to have experienced a slowdown in economic growth. We examine a large sample of countries and find that a majority exhibit a significant structural break in their post-war growth rates. In nearly all of these cases the break was followed...

Persistent link: https://www.econbiz.de/10005498062

Mass Attitudes Toward Financial Crisis and Economic Reform in Korea

Hayo, Bernd; Shin, Doh - EconWPA - 2002

This paper addresses an aspect of the financial crisis in South Korea that has not been dealt with in depth. The question that will be analyzed is: how does the general population perceive the crisis? In attempting to answer this question we rely on new representative survey data, covering the...

Persistent link: https://www.econbiz.de/10005407644

The Great Wars, the Great Crash, and the Unit Root Hypothesis: Some New Evidence About An Old Stylized Fact

Ben-David, Dan; Papell, David - C.E.P.R. Discussion Papers - 1994

For decades, the prevailing sentiment among economists was that growth rates remain constant over the long run. Kaldor considered this to be one of the six important `stylized facts' that theory should address, and until the emergence of endogenous growth models, this was a fundamental feature...

Persistent link: https://www.econbiz.de/10005114489

Foreign Direct Investment and Economic Growth in Bolivia, 1990- 1998

Flexner, Nikolai - EconWPA - 2003

This paper employs ordinary least squares (OLS) estimation to examine the determinants of foreign direct investment (FDI) and the effect of FDI on per capita GDP growth in Bolivia over the period 1990:1-1998:4. The regression results find that the real effective multilateral exchange rate, the...

Persistent link: https://www.econbiz.de/10005561297

Exchange Rate Regimes in the Modern Era: Fixed, Floating, and Flaky

Rose, Andrew K - C.E.P.R. Discussion Papers - 2010

This paper provides a selective survey of the incidence, causes, and consequences of a country’s choice of its exchange rate regime. I begin with a critical review of Klein and Shambaugh’s (2010) book Exchange Rate Regimes in the Modern Era, and then proceed to provide an alternative...

Persistent link: https://www.econbiz.de/10008611016