Showing 1 - 10 of 161
This paper discusses the difference between Fisherian and Ricardian trade in terms of a simple two-period model of a small open economy. Fisherian or intertemporal trade occurs when goods are traded today against the promise to deliver goods in the future. The resulting net resource transfer is...
Persistent link: https://www.econbiz.de/10009276261
We analyze whether foreign direct investment (FDI) has contributed to the typically wide income gaps in five Latin …
Persistent link: https://www.econbiz.de/10010887002
for the reform states of Central and Eastern Europe. Its major findings are that domestic investment conditions matter and … controls on capital flows is highly questionable. Moreover, capital controls raise the irreversibility of investment projects … and may cause the postponement of investment decisions. The countries under review have made substantial progress towards …
Persistent link: https://www.econbiz.de/10009276090
The paper derives a valuation formula for the real option of a firm to undertake an irreversible investment in a …
Persistent link: https://www.econbiz.de/10009276097
Capital flight has characterized the transformation process in Russia. Inflows of foreign direct investment have been … stabilization exhibits a strong negative effect on the volume of capital inflows when investment decisions are irreversible …. Reducing uncertainty may but must not necessarily lead to more investment. The fact that monetary stabilization policies have …
Persistent link: https://www.econbiz.de/10009276480
This paper analyzes how major external shocks and policy reforms affect Bolivia’s ability to achieve pro-poor growth. Employing a recursive-dynamic CGE model, it considers three different scenarios: an optimistic baseline scenario that roughly extrapolates the situation prevailing before the...
Persistent link: https://www.econbiz.de/10005700502
resource inflows related to the gas boom, both initial foreign investment in the sector and the subsequent export earnings, as …
Persistent link: https://www.econbiz.de/10005755234
This paper discusses alternative adjustment patterns in Bolivia over the last three decades using a SAM-based model that explicitly separates formal from informal activities, includes separate accumulation balance adjustments for different economic agents, differentiates closures by periods of...
Persistent link: https://www.econbiz.de/10005818811
This paper describes the construction of a Social Accounting Matrix (SAM) for Bolivia for the year 1997. Three distinctive features render the SAM a useful starting point for distributional analyses. First, production in the agricultural and services sector is split up into formal and informal...
Persistent link: https://www.econbiz.de/10005818848
Bolivia's mid-term growth prospects are promising but these prospects could be lost, due to social unrest and political instability, if the country does not solve its short-term economic problems, resulting from both external shocks and internal factors. Against this background, this paper...
Persistent link: https://www.econbiz.de/10005818854