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of multinational firms' location and production decisions and the welfare implications of multinational production. The … costs of foreign investment are large. Second, I calibrate the model to data on trade and multinational production for … divert a sizable fraction of the production of EU multinationals from the US to Canada …
Persistent link: https://www.econbiz.de/10012456439
The strength of contract enforcement determines how firms source inputs and organize production. Using microdata on … Indian manufacturing plants, we show that production and sourcing decisions appear systematically distorted in states with … of input use. The equilibrium organization of production and the network structure of input-output linkages arise …
Persistent link: https://www.econbiz.de/10012480592
I use a large cross country data set and panel probit analysis to investigate the way in which the interaction between trade and financial openness affect the probability of external crises. This analysis is related to debate on the adequate sequencing of reform. I also investigate the role...
Persistent link: https://www.econbiz.de/10012464263
Employing a technological solution to monitor the attendance of public-sector health care workers in India resulted in …
Persistent link: https://www.econbiz.de/10012458186
This paper analyzes the effects of the reforms initiated in India following the balance of payments (BOP) crisis of … compare changes in performance since the reforms, which started in China in 1979 and in India in 1991. Such a comparison shows … in making progress towards the Millennium Development Goals (MDGs) and India lags behind other South Asian countries. The …
Persistent link: https://www.econbiz.de/10012459638
The relative performance of China and India is compared using two different methods and they provide a very different …Using a two tailed- test we find that China does better than India for most of these indicators. For instance, China … has a higher growth rate of per capita income, XGS and GFCF as also a higher share of XGS, GFCF etc in GDP than does India …
Persistent link: https://www.econbiz.de/10012459656
financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has …In this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on … the key challenge now facing India's policymakers on this front …
Persistent link: https://www.econbiz.de/10012463989
The projected path of the U.S. national debt is the major challenge facing American economic policy. Without changes in tax and spending rules, the national debt will rise from 62 percent of GDP now to more than 100 percent of GDP by the end of the decade and nearly twice that level within 25...
Persistent link: https://www.econbiz.de/10012462206
Changes in fiscal policy typically entail two kinds of lags: the legislative lag--between when legislation is proposed and when it is signed into law--and the implementation lag--from when a new fiscal law is enacted and when it takes effect. These lags imply that substantial time evolves...
Persistent link: https://www.econbiz.de/10012462293
In this lecture, I argue that there are remarkable parallels between how monetary and fiscal policies operate on the macro economy and that these parallels are sufficient to lead us to think about transforming fiscal policy and fiscal institutions as many countries have transformed monetary...
Persistent link: https://www.econbiz.de/10012463382