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spectacularly narrowed down, but this effect is dwarfed by that of world-price volatility. A counterfactual analysis based on a …
Persistent link: https://www.econbiz.de/10010522083
Persistent link: https://www.econbiz.de/10010526138
Food price inflation has increased persistently in recent years in Turkey with a widening divergence from international food price inflation. The study analyzes the main inefficiencies in the Turkish agricultural sector through the lens of food price formation and discusses the policy actions...
Persistent link: https://www.econbiz.de/10013254762
the public sector, particularly by sovereigns. Recent volatility in energy and food prices, however, has awakened the …
Persistent link: https://www.econbiz.de/10012247845
Indonesia is one of the largest commodity exporters in the world, and given its mineral potential and expected commodity price trends, it could and should expand its leading position. Commodities accounted for one fourth of Indonesia's Gross Domestic Product (GDP) and more than one fifth of...
Persistent link: https://www.econbiz.de/10012558144
"In contrast with a growing literature on the drivers of aggregate volatility in developing countries, its consequences … aggregate volatility has a regressive, asymmetric, and non linear impact, as reflected in the strong influence of extreme output …
Persistent link: https://www.econbiz.de/10011394189
exchange rate volatility, and (b) trade and financial openness may have a potential role of mitigating and/or amplifying real … openness to exacerbate or mitigate real exchange rate volatility. The authors collected information on the real effective …) High real exchange rate volatility is the result of highly volatile productivity shocks, and sharp oscillations in monetary …
Persistent link: https://www.econbiz.de/10011394190
"The author examines the impact of the volatility of foreign portfolio investment on the financial constraints of small …, the author finds that the volatility of foreign portfolio investment is only significantly associated with a decreased … volatility of foreign portfolio investment only hinders the growth of small firms significantly in periods when nations are …
Persistent link: https://www.econbiz.de/10010522403
"Preliminary evidence suggests that the rates of return to education in Venezuela have been declining since the 1970s. Patrinos and Sakellariou rigorously estimate the returns to education in Venezuela for the period 1992-2002 and link them to earlier available estimates from the 1980s. They use...
Persistent link: https://www.econbiz.de/10010522876
Persistent link: https://www.econbiz.de/10010523118