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frontier and that the frontier will move out faster. In particular, plants that export will achieve a higher productivity level …. However intuitive the argument, empirical evidence is meager. This hypothesis is examined by calculating the effect of export … increase their productivity advantage after entry into the export market. While the first finding can be explained by selection …
Persistent link: https://www.econbiz.de/10012468678
I generate new data on HIV incidence and prevalence in Africa based on inference from mortality rates. I use these data to relate economic activity (specifically, exports) to new HIV infections in Africa and argue there is a significant and large positive relationship between the two: a doubling...
Persistent link: https://www.econbiz.de/10012465029
This paper explores the links between exports, export destinations and skill utilization by firms. We identify two … mechanisms behind these links, which we integrate into a unified theory of export destinations and skills. First, exporting to …), the theories suggest a skill-bias in export destinations: firms that export to high-income destinations hire more skills …
Persistent link: https://www.econbiz.de/10012462658
A striking feature of many financial crises is the collapse of exports relative to output. In the 2008 financial crisis, real world exports plunged 17 percent while GDP fell 5 percent. This paper examines whether deteriorations in bank health can help explain the large drops in exports relative...
Persistent link: https://www.econbiz.de/10012463093
When local cost discovery generates knowledge spillovers, specialization patterns become partly indeterminate and the mix of goods that a country produces may have important implications for economic growth. We demonstrate this proposition formally and adduce some empirical support for it. We...
Persistent link: https://www.econbiz.de/10012466766
relationship between a country's export mix and its wage (GDP per capita). We show that this non-monotonicity permeates the 1980 … and (2) for the poorest third of countries, changes in export mix substantially over-predict growth in GDP per capita …
Persistent link: https://www.econbiz.de/10012461824
This paper examines the extent to which permanent terms-of-trade shocks have an asymmetric effect on private savings. The first part uses a simple three-period model to show that, if households expect to face binding borrowing constraints in bad states of nature, savings rates will respond...
Persistent link: https://www.econbiz.de/10012471007
This paper develops a decision-theoretic approach to policy analysis. We argue that policy evaluation should be conducted on the basis of two factors: the policymaker's preferences, and the conditional distribution of the outcomes of interest given a policy and available information. From this...
Persistent link: https://www.econbiz.de/10012468673
The dismal growth performance of Africa is the worst economic tragedy of the XXth century. We document the evolution of per capita GDP for the continent as a whole and for subset of countries south of the Sahara desert. We document the worsening of various income inequality indexes and we...
Persistent link: https://www.econbiz.de/10012468832
Previous work has claimed that monopoly power facilitates the provision of credit, since monopolists are better able to enforce payment. Here, we argue that if relationship-specific investments are required by borrowers to establish creditworthiness, monopoly power may reduce credit provision...
Persistent link: https://www.econbiz.de/10012469039