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through the lens of trade, fiscal, and debt reforms in the developing world offer relevant, practical lessons for recovery in …
Persistent link: https://www.econbiz.de/10010950775
As China has become an increasingly important part of the global trading system over the past two decades, interest in the country and its international economic policies has increased among international economists who are not China specialists. This paper represents an attempt to provide the...
Persistent link: https://www.econbiz.de/10005830773
investment. However, the higher productivity of FDI holds only when the host country has a minimum threshold stock of human …
Persistent link: https://www.econbiz.de/10005580763
During the last few decades, many emerging markets have lifted restrictions on cross-border financial transactions. The conventional view was that this would allow these countries to: (i) receive capital inflows from advanced countries that would finance higher investment and growth; (ii) insure...
Persistent link: https://www.econbiz.de/10008777350
In this paper I discuss the effectiveness of foreign aid from a historical perspective. I show that foreign aid is a relatively new concept in economics, and I emphasize the role of exchange rate policies in the foreign aid controversies of the 1970s through 1990s. I show that in the early 1980s...
Persistent link: https://www.econbiz.de/10011071739
randomized controlled trials (RCTs) to accumulate credible knowledge of what works, without over-reliance on questionable theory …
Persistent link: https://www.econbiz.de/10005778096
economies, and where freer trade has persistent, positive effects on productivity, beyond the standard efficiency gains due to … reallocation effects. We add to a standard Ricardian model a theory of endogenous growth where the engine of growth is the flow of …. We find that exclusion of a country from trade reduces productivity growth, with large long-term effects. Smaller trade …
Persistent link: https://www.econbiz.de/10010821877
We examine the supply-side and demand-side determinants of global bilateral food aid shipments between 1971 and 2008. First, we find that domestic food production in developing countries is negatively correlated with subsequent food aid receipts, suggesting that food aid receipt is partly driven...
Persistent link: https://www.econbiz.de/10008764656
imperfect competition and scale economies. This sort of old-growth-theory-in-a-new-trade-model has not been thoroughly explored …
Persistent link: https://www.econbiz.de/10005710229
Not surprisingly, big countries trade more than small countries. In this paper we use data on shipments by 110 exporters to 59 importers in 5,000 product categories to ask: how? Do big countries trade larger quantities of a common set of goods (the intensive margin), a larger set of goods (the...
Persistent link: https://www.econbiz.de/10005061568