Showing 1 - 10 of 22
"Are natural resources a blessing or a curse? Bravo-Ortega and De Gregorio present a model in which natural resources have a positive effect on the level of income and a negative effect on its growth rate. The positive and permanent effect on income implies a welfare gain. There is a growth...
Persistent link: https://www.econbiz.de/10010522714
"The authors examine the price linkages among polyester (the dominant chemical fiber), cotton (the dominant natural … commodities. b) Crude oil prices have a stronger effect on polyester prices compared with cotton prices. c) Price shocks …
Persistent link: https://www.econbiz.de/10010522665
The increase in the price of oil and food carry major adverse poverty and macroeconomic implications especially for … impact of the oil price increase on economic growth is likely to be negative and the challenge of crafting appropriate policy … the macro-economic international context. It goes on to describe the consequences of the oil and food price increase for …
Persistent link: https://www.econbiz.de/10012557849
"It is so widely recognized that innovation is a key driver of economic growth that it is cliche to say so. This article studies product innovation by firms with data from 68 countries, covering more than 25,000 firms in eight manufacturing sectors. The author assesses the predictions of...
Persistent link: https://www.econbiz.de/10011394134
"A rapidly growing empirical literature is studying the causes and consequences of bank fragility in contemporary economies. The authors reviews the two basic methodologies adopted in cross-country empirical studies-the signals approach and the multivariate probability model-and their...
Persistent link: https://www.econbiz.de/10010522481
"Loayza and Rancire study the apparent contradiction between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic...
Persistent link: https://www.econbiz.de/10010522903
Persistent link: https://www.econbiz.de/10010523118
Persistent link: https://www.econbiz.de/10010523400
"Political economy explanations for fiscal profligacy are dominated by models of bargaining among organized interest groups over group-specific targeted benefits financed by generalized taxation. These models predict that governments consisting of a coalition of political parties spend more than...
Persistent link: https://www.econbiz.de/10010520997
"The authors determine how time delays affect international trade using newly collected World Bank data on the days it takes to move standard cargo from the factory gate to the ship in 126 countries. They estimate a modified gravity equation, controlling for endogeneity and remoteness. On...
Persistent link: https://www.econbiz.de/10010522152