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On the static and dynamic costs of trade restrictions

Marrewijk, Charles van; Berden, Koen - EconWPA - 2004

We analyze the costs of trade restrictions for a small developing economy. Capital goods are only introduced on the market if it is profitable to do so. The economy evolves to a balanced growth path in which income, welfare, and the share of introduced capital goods increase if trade...

Persistent link: https://www.econbiz.de/10005561117

IMF and Economic Growth: The Effects of Programs, Loans, and Compliance with Conditionality

Dreher, Axel - EconWPA - 2004

In theory, the IMF could influence economic growth via several channels, among them advice to policy makers, money … for 98 countries over the period 1970-2000 it analyzes whether IMF involvement influences economic growth in program … countries. Consistent with the results of previous studies, it is shown that IMF programs reduce growth rates when their …

Persistent link: https://www.econbiz.de/10005119451

Infrastructure and Growth in South Africa: Benchmarking, Productivity and Investment Needs, paper presented at Economic Society of South Africa (ESSA) Conference, Durban, 9/7-9/200...

Bogetic, Zeljko; Fedderke, Johannes - EconWPA - 2005

The paper provides three principal results. First, we benchmark South African infrastructure performance in terms of access, pricing, and quality against key comparator groups of countries using the most recent World Bank benchmarking data base (2005). Second, we establish clear empirical links...

Persistent link: https://www.econbiz.de/10005125863

The Modern World: The effect of democracy, colonialism and war on economic growth 1820-2000

Milanovic, Branko - EconWPA - 2005

The paper uses the recently available data on growth rates, democracy, protectionism, and wars over the period 1820 to 2000 to look at the determinants of economic growth over the long-term. It is motivated by the following questions: what is the effect of democracy on growth, was colonialism...

Persistent link: https://www.econbiz.de/10005062416

De-industrialisation III

Stanners, Walter - EconWPA - 2002

The author of this note takes it as self evident that prosperity and the provision of "things" (buildings, roads, furniture, furnishings, clothes, machines and equipment of all sorts) go together. The way people generally speak and act is in line with this view. If this is so, domestic...

Persistent link: https://www.econbiz.de/10005407637

Labor Bonding

igescu, iulia - EconWPA - 2005

Bonding policies are often used by modern economies to expand their markets and welfare. Several labor bonding institutions are described with the goal of providing an explanation for their success or failure in various countries.

Persistent link: https://www.econbiz.de/10005555987

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

Why so Glum? The Meese-Rogoff Methodology Meets the Stock Market

Flood, Robert P; Rose, Andrew K - C.E.P.R. Discussion Papers - 2008

This paper applies the Meese-Rogoff (1983a) methodology to the stock market. We compare the out-of-sample forecasting accuracy of various time-series and fundamentals-based models of aggregate stock prices. We stick as close as possible to the original Meese-Rogoff sample and methodology. Just...

Persistent link: https://www.econbiz.de/10005124429

Transition in FSU and sub-Saharan countries: The role of institutions

Laurila, Juhani - EconWPA - 2002

This study compares transition processes in countries of Central and Eastern Europe, the former Soviet Union (FSU) and sub-Saharan Africa. By widening the scope from most- to least-developed transition economies, the study establishes the importance of a strong state with evolved institutional...

Persistent link: https://www.econbiz.de/10005076830

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