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Persistent link: https://www.econbiz.de/10010523356
The distribution of consumption in Moldova implies that changes in workers' remittances, migration, and energy prices … could influence consumption and poverty rates in some unexpected and even counter-intuitive ways. Relatively well-off groups … shock is spread through the economy, although the poor are most affected because they consume somewhat more energy in …
Persistent link: https://www.econbiz.de/10012550872
Growth in the Emerging East Asia region is expected to reach a little over 6 percent in 2005, down modestly from the exceptionally strong 7.2 percent pace of 2004. One of the clearly most fortunate developments of the last two years is the unexpectedly limited effect on economic growth of the...
Persistent link: https://www.econbiz.de/10012557691
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"By developing a simple theoretical model of the impact of market integration on sectoral output and employment in a poor rural setting, this paper demonstrates that trade can induce asymmetric growth. Under certain, plausible, assumptions, the non-farm sector will grow much faster than the...
Persistent link: https://www.econbiz.de/10011394150
"This paper analyzes the effects of capital controls and crises on international financial integration, using data on stocks from emerging economies that trade in domestic and international markets. The cross-market premium (the ratio between the domestic and international market price of...
Persistent link: https://www.econbiz.de/10010520989
"South Asia has attracted global attention because it has experienced rapid GDP growth over the last two decades. What is not so well known is that South Asia is the least integrated region in the world. South Asia has opened its door to the rest of the world but it remains closed to its...
Persistent link: https://www.econbiz.de/10010521023
"The authors argue that the cross-market premium (the ratio between the domestic and the international market price of cross-listed stocks) provides a valuable measure of international financial integration, reflecting accurately the factors that segment markets and inhibit price arbitrage....
Persistent link: https://www.econbiz.de/10010522163
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