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Helping thy neighbour: productivity, welfare and international trade
Nahuis, Niek; Geurts, Ben - EconWPA - 2004
We describe the relation between welfare growth and productivity growth. We argue that differences in productivity and productivity growth between sectors or countries are irrelevant from a policy perspective. Specialisation is based on the comparative advantages of countries. Since, by nature,...
Persistent link: https://www.econbiz.de/10005124907
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Do asymmetric terms of trade shocks affect private savings in a transition economy?
Chowdhury, Abdur R. - EconWPA - 2003
This paper examines whether terms of trade shocks have an asymmetric effect on private savings in transition economies. A simple three-period framework is developed to show that, in the presence of binding credit constraints in bad states of nature, savings rates can be sensitive to favorable...
Persistent link: https://www.econbiz.de/10005125030
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IS INFLATION ALWAYS AND EVERYWHERE A NON-MONETARY PHENOMENON: EVIDENCE FROM UGANDA
David, KIHANGIRE Asiimwe; Albert, MUGYENYI - EconWPA - 2005
This paper examines the determinants of Uganda’s inflation rate during 1994M7-2005M6. We test the central hypothesis that Uganda’s inflation rate is always and everywhere a non-monetary phenomenon. A theoretical background relating inflation to monetary and other non-monetary factors is...
Persistent link: https://www.econbiz.de/10005125496
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Output Fluctuations in Latin America: What Explains the Recent Slowdown?
Herrera, Santiago; Perry, Guillermo; Quintero, Neile - EconWPA - 2000
the largest countries. We found that during the whole sample period (1992-1998) output volatility was mostly associated …
Persistent link: https://www.econbiz.de/10005126407
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International-price and terms-of-trade effects on factor productivity: international comparisons
Sfreddo, Claudio - EconWPA - 2004
In this paper, we present a technique to decompose changes in factor prices into the contribution of major determinants, namely movements in domestic and international prices, changes in capital and labour quantities, and technological progress. This is done in an open-economy framework. While...
Persistent link: https://www.econbiz.de/10005408035
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The commodity terms of trade and their strategic implications for development
Ocampo, José Antonio; Parra, María Angela - EconWPA - 2004
Although the empirical literature is not unanimous about the existence of a continuous long-term deterioration in the terms of trade for commodities (the original and most common formulation of the Prebisch- Singer hypothesis) and, hence, about the possibility of inferring their future behaviour...
Persistent link: https://www.econbiz.de/10005556455
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THE TERMS OF TRADE FOR COMMODITIES IN THE TWENTIETH CENTURY
Ocampo, Jose Antonio; Parra, Maria Angela - EconWPA - 2004
it distributed evenly among individual products, however. The data show that the far-reaching changes that the world …
Persistent link: https://www.econbiz.de/10005119305
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The international diffusion of new technologies: a multi-technology analysis of latecomer advantage and global economic integration
Perkins, Richard; Neumayer, Eric - EconWPA - 2004
The diffusion of modern, efficient technology has far-reaching consequences for the geography of economic activity, inequality and environmental quality. This article examines two popular yet highly controversial claims about the conditions most favorable to the rapid spread of new technology....
Persistent link: https://www.econbiz.de/10005062437
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A TALE OF TWO “GLOBALIZATIONS”: CAPITAL FLOWS FROM RICH TO POOR IN TWO ERAS OF GLOBAL FINANCE
Schularick, Moritz - EconWPA - 2005
globalization. The paper extends recent research on the developmental effects of international financial integration, long …-term trends in capital mobility and “globalization in historical perspective”. Analyzing the patterns of international financial … a central element of 19th century financial globalization, but plays only a minor role today. The Lucas paradox of …
Persistent link: https://www.econbiz.de/10005125830
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The Empire Effect: Country Risk in the First Age of Globalization, 1880-1913
Ferguson, Niall; Schularick, Moritz - EconWPA - 2005
conclude that these findings have important implications for the current globalization debate: lacking jurisdictional …
Persistent link: https://www.econbiz.de/10005125839