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Foreign Capital and Economic Growth
Prasad, Eswar; Rajan, Raghuram G.; Subramanian, Arvind - Institute for the Study of Labor (IZA) - 2007
We document the recent phenomenon of "uphill" flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find that there is a positive correlation between current...
Persistent link: https://www.econbiz.de/10005233751
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Thresholds in the Process of International Financial Integration
Kose, M. Ayhan; Prasad, Eswar; Taylor, Ashley D. - Institute for the Study of Labor (IZA) - 2009
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....
Persistent link: https://www.econbiz.de/10005070416
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The Quality-Complementarity Hypothesis: Theory and Evidence from Colombia
Kugler, Maurice; Verhoogen, Eric - Institute for the Study of Labor (IZA) - 2009
, the hypothesis that input quality and plant productivity are complementary in generating output quality. We embed this …
Persistent link: https://www.econbiz.de/10005030891
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Southern African Economic Integration: Evidence from an Augmented Gravity Model
Warin, Thierry; Wunnava, Phanindra V.; Tengia, Optat; … - Institute for the Study of Labor (IZA) - 2009
This paper investigates the feasibility of creating a common-currency union consisting of 16 countries in Southern Africa. We estimate an augmented-gravity model that includes public deficit, public debt, public expenditure, inflation, and the foreign reserves position. We also integrate...
Persistent link: https://www.econbiz.de/10004976903
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The Shift to Services: A Review of the Literature
Schettkat, Ronald; Yocarini, Lara - Institute for the Study of Labor (IZA) - 2003
structural change - final demand, the inter-industry division of labor and inter-industry productivity differences. It first …
Persistent link: https://www.econbiz.de/10005233801
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Cross-Country Differences in Productivity: The Role of Allocation and Selection
Bartelsman, Eric; Haltiwanger, John C.; Scarpetta, Stefano - Institute for the Study of Labor (IZA) - 2009
This paper combines different strands of the productivity literature to investigate the effect of idiosyncratic (firm …-country differences in key economic outcomes, such as productivity or output per capita, to differences in policies and institutions that … determinants of productivity at the firm-level and the evolution of the distribution of productivity across firms within each …
Persistent link: https://www.econbiz.de/10008514865
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Birthplace Diversity and Economic Prosperity
Alesina, Alberto; Harnoss, Johann; Rapoport, Hillel - Institute for the Study of Labor (IZA) - 2013
income/productivity levels in the immigrants home countries. We make progress towards addressing endogeneity by specifying a …
Persistent link: https://www.econbiz.de/10010718612
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Accounting for China's Growth
Brandt, Loren; Zhu, Xiaodong - Institute for the Study of Labor (IZA) - 2010
China has achieved impressive growth over the last three decades. However, there has been debate over the sources of the growth, and the role of the intensive versus extensive margin. Growth accounting exercises at the aggregate level (Rawski and Perkins, 2008; Bosworth and Collins, 2008) suggest an...
Persistent link: https://www.econbiz.de/10008615448
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What Do Unions Do for Economic Performance?
Hirsch, Barry T. - Institute for the Study of Labor (IZA) - 2003
in the U.S. private sector affect economic performance - productivity, profitability, investment, and growth. Freeman and … Medoff are clearly correct that union productivity effects vary substantially across workplaces. Their conclusion that union … productivity effect near zero. Their speculation that productivity effects are larger in more competitive environments appears to …
Persistent link: https://www.econbiz.de/10005703831
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Financial Constraints and Innovation: Why Poor Countries Don't Catch Up
Gorodnichenko, Yuriy; Schnitzer, Monika - Institute for the Study of Labor (IZA) - 2010
This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey...
Persistent link: https://www.econbiz.de/10008592859