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Can Oil-led Growth and Structural Change Go Hand in Hand in Ghana? A Multi-sector Intertemporal General Equilibrium Assessment
Breisinger, Clemens; Diao, Xinshen; Wiebelt, Manfred - Institut für Weltwirtschaft (IfW) - 2012
Unlike in Asia, the manufacturing sector has not (yet) become a driver of structural change in Africa. One common explanation is that the natural resource-focus of many African economies leads to Dutch disease effects. To test this argument for the case of newly found oil in Ghana we develop a...
Persistent link: https://www.econbiz.de/10010886853
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Within-establishment wage inequality and satisfaction
Poggi, Ambra - Institut für Weltwirtschaft (IfW) - 2013
The aim of this paper is to provide fresh empirical evidence of the mechanisms through which wage inequality affects … inequality. Her results are robust within the different specifications and different definitions of the reference group. …
Persistent link: https://www.econbiz.de/10010956073
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On the Relation between Dual-Rate Discounting and Substitutability
Kögel, Tomas - Institut für Weltwirtschaft (IfW) - 2009
To justify substantial emission reductions, recent literature on cost-benefit analysis of climate change suggests discounting environment consumption with an environmental discount rate instead of a consumption discount rate that is usually used in cost-benefit analysis. The present study...
Persistent link: https://www.econbiz.de/10005083352
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A Model of Eco-Efficiency and Recycling
Cogoy, Mario - Institut für Weltwirtschaft (IfW) - 2009
This paper presents the model of an economy subject to the mass conservation principle. The economic system is related to the environment by a flow of virgin materials into the economy, and by the diffusion of waste into the environment. Ecoefficiency contributes to reducing material waste in...
Persistent link: https://www.econbiz.de/10005083373
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Now or Never: Environmental Protection under Hyperbolic Discounting
Winkler, Ralph - Institut für Weltwirtschaft (IfW) - 2009
The author analyzes the optimal investment in environmental protection in a model of an infinite series of non-overlapping hyperbolically discounting agents. He shows that without a commitment mechanism society is eventually stuck in a situation where all agents prefer further investment in the...
Persistent link: https://www.econbiz.de/10005083394
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Through which channels can remittances spur economic growth in MENA countries?
Mim, Sami Ben; Ali, Mohamed Sami Ben - Institut für Weltwirtschaft (IfW) - 2012
This paper studies the remittances' effect on economic growth. Using panel data techniques, the authors estimate several specifications to provide support of such relationship for MENA countries over the period 1980-2009. The findings provide new robust evidence on how remittances are used in...
Persistent link: https://www.econbiz.de/10009646511
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The finance-growth nexus revisited: From origins to a modern theoretical landscape
Stolbov, Mikhail - Institut für Weltwirtschaft (IfW) - 2012
The paper is a survey of theoretical and empirical approaches applied to analyze the impact of financial system on economic growth. The key issues of the modern theories of the finance-growth nexus are discussed and the theories are classified on the basis of the methodology they rely on. The...
Persistent link: https://www.econbiz.de/10010956028
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Equity market liberalization, credit constraints and income inequality
Sun, Puyang; Sen, Somnath; Jin, Shujing - Institut für Weltwirtschaft (IfW) - 2012
market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the … accumulation of human capital. We examine the impact of equity market liberalization on inequality by using the data of 72 …-dynastic income inequality. Finally, it is proved that foreign equity flows benefit the initially less active stock markets more than …
Persistent link: https://www.econbiz.de/10010956105
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The Use of Collateral in Formal and Informal Lending
Kislat, Carmen; Menkhoff, Lukas; Neuberger, Doris - Institut für Weltwirtschaft (IfW) - 2013
Apart from altruistic reasons, NGOs may engage in developing countries under conditions of conflict and war in order to secure funding and survive in the ‘market’ of humanitarian relief and development assistance. Applying a difference-in-difference-in-differences approach, we analyze...
Persistent link: https://www.econbiz.de/10010886852
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Exchange Rate Policy in a Dollarized Economy: A CGE Analysis for Bolivia
Schweickert, Rainer; Thiele, Rainer; Wiebelt, Manfred - Institut für Weltwirtschaft (IfW) - 2005
In this paper, a real-financial CGE model is employed for Bolivia to simulate the macroeconomic and distributional effects of exchange rate policy in a highly dollarized economy. Overall, dollarization appears to matter more through real than through financial-sector effects. The main...
Persistent link: https://www.econbiz.de/10010886975