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Following its opening to trade and foreign investment in the mid-1980s, Mexico's economic growth has been modest at … best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude … that the relation between openness and growth is not a simple one. Using standard trade theory, we find that Mexico has …
Persistent link: https://www.econbiz.de/10012462077
Italy, Brazil and then finally India. We also show that autonomous government schools (i.e. government funded but with …
Persistent link: https://www.econbiz.de/10012457998
development affects inequality. Our results are inconsistent with alternative explanations such as differential exposure to Brazil …
Persistent link: https://www.econbiz.de/10013210085
asset accumulation and energy use in the context of Mexico's conditional cash transfer program. We find that transfers had a …
Persistent link: https://www.econbiz.de/10012459569
-periods, and over the longer term with respect to the growth in the size of their economies. Most important, the comparison of an …
Persistent link: https://www.econbiz.de/10012470310
While openness to trade is a well-recognized hallmark of many successful emerging market economies known as "growth miracles," another component of the growth model is a leapfrogging strategy - the use of policies to guide the industrial structural transformation ahead of a country's factor...
Persistent link: https://www.econbiz.de/10012462266
We use data from the aggregate stock market and dividend futures to quantify how investors' expectations about economic growth evolve across horizons in response to the coronavirus outbreak and subsequent policy responses until June 2020. Dividend futures, which are claims to dividends on the...
Persistent link: https://www.econbiz.de/10012481582
This paper investigates the impact of changes in the level of taxation on economic activity. We use the narrative record -- presidential speeches, executive-branch documents, and Congressional reports -- to identify the size, timing, and principal motivation for all major postwar tax policy...
Persistent link: https://www.econbiz.de/10012465388
More specifically, the evidence based on the 1986 tax rate reductions shows that the response of taxpayers to reductions in marginal tax rates offsets a substantial portion of the revenue that would otherwise be lost. This implies that combining a broadening of the tax base that raises revenue...
Persistent link: https://www.econbiz.de/10012461127
This paper investigates the impact on bank stock prices of emerging market currency crises and bailouts. The stock market distinguishes between banks with exposure to a crisis country and other banks. In general, banks with exposures to a crisis country are affected adversely by currency events...
Persistent link: https://www.econbiz.de/10012471245