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"This paper examines the effects of inflation targeting on industrial and emerging economies' output growth over the … systematic positive and significant effects of inflation targeting on real output growth. In dynamic models, the findings show … strong output persistence in industrial economies, in which partial and full inflation targeting regimes have a positive long …
Persistent link: https://www.econbiz.de/10010520968
"External exposure can be measured by the sensitivity of first and second moments of economic growth to openness and foreign shocks. This paper provides an empirical evaluation of external exposure using panel data methods for a worldwide sample of countries. Controlling for domestic conditions,...
Persistent link: https://www.econbiz.de/10010522467
"An AIDS epidemic threatens Ethiopia with a long wave of premature adult mortality, and thus with an enduring setback to capital formation and economic growth. The authors develop a two-sector model with three overlapping generations and intersectorally mobile labor, in which young adults...
Persistent link: https://www.econbiz.de/10011394213
"This paper explores the linkage between income growth rates and foreign direct investment (FDI) inflows. So far the evidence is rather mixed, as no robust relationship between FDI and income growth has been established. The authors argue that countries need a sound business environment in the...
Persistent link: https://www.econbiz.de/10010522178
"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
"Although Tanzania experienced relatively rapid growth in per capita GDP in the 1995-2001 period, household budget survey (HBS) data show only a modest and statistically insignificant decline in poverty between 1992 and 2001. To assess the likely trajectory of poverty rates over the course of...
Persistent link: https://www.econbiz.de/10010522902
Persistent link: https://www.econbiz.de/10010523400
and elevated inflation. Globally, environmental sustainability is becoming central to the economic agenda. The challenge …
Persistent link: https://www.econbiz.de/10013255376
Lao PDR's real Gross Domestic Product (GDP) growth will remain robust in 2011 with projected growth of 8.6 percent compared to 8.4 percent in 2010. Natural resources and manufacturing sectors are expected to drive growth this year. The expected growth in the garment exports (by about 15-20...
Persistent link: https://www.econbiz.de/10012247605