Narrow search
Showing 1 - 10 of 397
Cover Image
The Argentina Paradox: Microexplanations and Macropuzzles
Taylor, Alan M. - National Bureau of Economic Research (NBER) - 2014
The economic history of Argentina presents one of the most dramatic examples of divergence in the modern era. What happened and why? This paper reviews the wide range of competing explanations in the literature and argues that, setting aside deeper social and political determinants, the various...
Persistent link: https://www.econbiz.de/10010744562
Cover Image
International Borrowing and Macroeconomic Performance in Argentina
Dominguez, Kathryn M. E.; Tesar, Linda L. - National Bureau of Economic Research (NBER) - 2005
This paper provides an overview of the major economic events in Argentina from the adoption of the convertibility plan in 1991 to the collapse of the exchange rate regime in 2001. We focus on the relationship between the credibility of the currency board and capital flows, and the inescapable...
Persistent link: https://www.econbiz.de/10005720753
Cover Image
The Revived Bretton Woods System's First Decade
Dooley, Michael; Garber, Peter M.; Folkerts-Landau, David - National Bureau of Economic Research (NBER) - 2014
The revived Bretton Woods framework we proposed in 2003 remains a useful way to understand the international financial system. We document that the system survived the 2008 crisis. Looking forward, we argue that the system will continue to evolve as we expected. China is likely to graduate from...
Persistent link: https://www.econbiz.de/10010950635
Cover Image
Growth in the Shadow of Expropriation
Aguiar, Mark; Amador, Manuel - National Bureau of Economic Research (NBER) - 2009
In this paper, we propose a tractable variant of the open economy neoclassical growth model that emphasizes political economy and contracting frictions. The political economy frictions involve disagreement and political turnover, while the contracting friction is a lack of commitment regarding...
Persistent link: https://www.econbiz.de/10005087479
Cover Image
Capital Flow Types, External Financing Needs, and Industrial Growth: 99 countries, 1991-2007
Aizenman, Joshua; Sushko, Vladyslav - National Bureau of Economic Research (NBER) - 2011
We examine the differential impact of portfolio debt, portfolio equity, and FDI inflows on 37 manufacturing industries …, unlike their negative impact on the average manufacturing growth rate. FDI inflows exhibit a positive association with …
Persistent link: https://www.econbiz.de/10009226941
Cover Image
Capital flows: Catalyst or Hindrance to economic takeoffs?
Aizenman, Joshua; Sushko, Vladyslav - National Bureau of Economic Research (NBER) - 2011
inflows of portfolio debt, portfolio equity, and FDI, controlling for country's stock of short-term external debt and … commodity terms of trade. Average level of FDI inflows is associated with a 23 percent higher takeoff probability relative to a … zero FDI inflow benchmark, and this effect is highest for the Latin America subsample, with a 65 rise in takeoff …
Persistent link: https://www.econbiz.de/10009228892
Cover Image
Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990-2010
Aizenman, Joshua; Jinjarak, Yothin; Park, Donghyun - National Bureau of Economic Research (NBER) - 2011
We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI … FDI - both inflows and outflows - and growth. The relationship between growth and equity flows is smaller and less stable …
Persistent link: https://www.econbiz.de/10009325532
Cover Image
Trade And Industrialisation After Globalisation's 2nd Unbundling: How Building And Joining A Supply Chain Are Different And Why It Matters
Baldwin, Richard - National Bureau of Economic Research (NBER) - 2011
Revolutionary transformations of industry and trade occurred from 1985 to the late-1990s - the regionalisation of supply chains. Before 1985, successful industrialisation meant building a domestic supply chain. Today, industrialisers join supply chains and grow rapidly because offshored...
Persistent link: https://www.econbiz.de/10009403424
Cover Image
The Contribution of Chinese FDI to Africa's Pre Crisis Growth Surge
Whalley, John; Weisbrod, Aaron - National Bureau of Economic Research (NBER) - 2011
significant Chinese FDI flows into these countries, accounting for up to 10% of total inward FDI flows for certain countries in … inward FDI. We follow Solow (1957), Dennison (1962), and others and use data for individual economies between 1990 and 2008 … thirteen Sub-Saharan African countries excluding Chinese FDI inflows for 2005-2007 and also 2003-2009. Our individual results …
Persistent link: https://www.econbiz.de/10009353488
Cover Image
Globalization and the Sustainability of Large Current Account Imbalances: Size Matters
Aizenman, Joshua; Sun, Yi - National Bureau of Economic Research (NBER) - 2008
This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate and current account/GDP exceed 10%. We investigate the size distribution and the durability of current account deficits during 1966-2005, and report the results of a simulation...
Persistent link: https://www.econbiz.de/10005710827