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Trade Orientation, Distortions and Growth in Developing Countries

Edwards, Sebastian - 1991

In this paper I use a cross country data set to analyze the relationship between trade orientation, trade distortions and growth. I first develop a simple endogenous growth model that emphasizes the process of technological absorption in small developing countries. According to this model...

Persistent link: https://www.econbiz.de/10012475291

Volatility, employment and the patterns of FDI in emerging markets

Aizenman, Joshua - 2002

even for risk neutral multinationals, as their profit function is non-linear due to price and productivity effects. For … of productivity shocks in an emerging market producing the intermediate inputs reduces the multinationals' expected … in each country to productivity shocks, channeling the average employment from the more to the less volatile location …

Persistent link: https://www.econbiz.de/10012469306

Openness, Productivity and Growth : What Do We Really Know?

Edwards, Sebastian - 1997

faster productivity growth. Although the use of instrumental variables goes a long way towards dealing with endogeneity …

Persistent link: https://www.econbiz.de/10012472843

Special issue: 13th Interamerican Seminar on Economics

Edwards, Sebastian (contributor) - 2002

Persistent link: https://www.econbiz.de/10001711790

11th Interamerican Seminar on Economics : special issue

Edwards, Sebastian (contributor) - 2000

Persistent link: https://www.econbiz.de/10001509790

International Evidence of Strengthening Taxes and Spending For Sustainable Development

Aizenman, Joshua; Jinjarak, Yothin; Hien Nguyen; Park, … - National Bureau of Economic Research - 2021

We trace the linkages between the episodes of fiscal expansion and consolidation in 72 advanced and emerging and developing economies. The findings suggest that fiscal expansions are positively associated with economic growth, which in turn is positively linked with better sustainable...

Persistent link: https://www.econbiz.de/10012794621

Economic Liberalization and the Equilibrium Real Exchange rate in Developing Countries

Edwards, Sebastian - 1987

This paper deals with the relation between commercial policy and "the" equilibrium real exchange rate. The paper clarifies the meaning of real exchange rate by comparing five different definitions that are currently found in the literature, The analysis focuses on the effects of an economic...

Persistent link: https://www.econbiz.de/10012476891

Terms of Trade, Exchange Rates and Labor Markets Adjustment in Developing Countries

Edwards, Sebastian - 1986

This paper uses three models of a small open economy to analyze the effects of terms of trade and exchange rate changes (i.e. devaluations) on labor market adjustment. First, a three goods (exportables, importables, non-tradables), four factors model is developed and used to investigate how an...

Persistent link: https://www.econbiz.de/10012476959

Country Risk and Incentives Schemes

Aizenman, Joshua - 1986

The purpose of this paper is to address the role of endogenous default penalties that are contingent upon the intensity of default on the part of the borrowing nation, and to evaluate the effects of contingency plans that make the interest rate dependent upon variables that are correlated with...

Persistent link: https://www.econbiz.de/10012477039

Labor Markets and the Choice of Technology in an Open Developing Economy

Aizenman, Joshua - 1986

degree to which real wages and productivity depend on external factors while at the …expected productivity gains, the investment cost associated with the modern …

Persistent link: https://www.econbiz.de/10012477073