Showing 1 - 10 of 16
This paper investigates the influence of liquidity in the major developed and major developing economies on commodity prices. Liquidity is taken to be M2. A novel finding is that unanticipated increases in the BRIC countries’ liquidity is associated with significant and persistent increases in...
Persistent link: https://www.econbiz.de/10010904248
The prediction of future temperature increases depends critically on the projections of future greenhouse gas emissions. Yet there is a vigorous debate about how these projections should be undertaken and how reasonable is the approach of the Special Report on Emissions Scenarios (SRES)...
Persistent link: https://www.econbiz.de/10010904279
This paper examines the export experience of East Asian economies in the aftermaths of the global financial crisis against the backdrop of pre-crisis trade patterns. The analysis is motivated by the ‘decoupling’ thesis, the notion that the East Asian region has become a self-contained...
Persistent link: https://www.econbiz.de/10008518365
The notion of "convergence" of economic variables across countries is a useful concept and in the case of income per capita, a well studied area. If there is empirical evidence of convergence of some economic variables across countries, then our ability to prdict the future (or at least...
Persistent link: https://www.econbiz.de/10010607738
Does foreign aid contribute to economic growth? If so, is the impact of aid conditional on good policies? This is a controversial issue. While the World Bank (1998) contends that the aid is effective only if recipient governments have good policies, others refute this view and argue that aid...
Persistent link: https://www.econbiz.de/10005464913
Steve Pollard, known in the Pacific as a government employee, researcher, consultant, and donor staffer, recently retired from the ADB. He has almost 30 years' experience working toward the interests of better policy for better livelihoods in the Pacific, almost 40 years' experience in...
Persistent link: https://www.econbiz.de/10010860344
This paper considers the idea of informality in market exchange, as introduced into the economic development literature by Keith Hart in the 1970s. In addition to Hart (1971, 1973) it will discuss three writers who may be considered his intellectual forerunners. Each, to a greater or less...
Persistent link: https://www.econbiz.de/10010860372
The expression subsistence affluence is a catchphrase for certain perceptions of reality in Papua New Guinea, and after 50 years it still actively conditions opinions of the country (even though its population has trebled in the meantime). The paper examines antecedents of the concept in the...
Persistent link: https://www.econbiz.de/10010904343
This paper re-examines the sources of inequality in Vietnam, a transitional economy with large reductions in poverty from recent and dramatic economic growth, but vastly unequal gains across ethnic groups. Using an instrumental variable approach to provide consistent estimators of explanatory...
Persistent link: https://www.econbiz.de/10010904345
Fiji is in the midst of a consultation process for a new Constitution on which General Elections are scheduled to be held in 2014. The new Constitution is going to be the fourth one for Fiji. During the first decade of independence, FijiÕs economy grew at a rate of more than 5% per annum....
Persistent link: https://www.econbiz.de/10010648140