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The Composition of Capital Flows : Is South Africa Different?

Funke, Norbert - 2005

Over the past decade, South Africa has attracted relatively little foreign direct investment (FDI), but considerable amounts of portfolio inflows. In this context, the objective of the paper is twofold: to identify the determinants of the level and composition of capital flows to emerging...

Persistent link: https://www.econbiz.de/10014401135

What Does South Africa's Pattern of Trade Say About its Labor Markets?

Subramanian, Arvind - 2001

This paper examines the factor intensity of South Africa''s trade. The conclusion is that South Africa is revealed though its trade pattern to be capital abundant (relative to labor). Surprisingly, this result holds especially for South Africa''s trade with its high income partners, which should...

Persistent link: https://www.econbiz.de/10014403673

Dynamic Gains From Trade : Evidence From South Africa

Subramanian, Arvind - 2000

trade and TFP growth both over time and across sectors …

Persistent link: https://www.econbiz.de/10014399824

Commodity prices and exchange rate volatility : lessons from South Africa’s capital account liberalization

Arezki, Rabah; Dumitrescu, Elena-Ivona; Freytag, Andreas; … - 2012

We examine the relationship between South African Rand and gold price volatility using monthly data for the period 1980-2010. Our main findings is that prior to capital account liberalization the causality runs from South African Rand to gold price volatility but the causality runs the other way...

Persistent link: https://www.econbiz.de/10012694114

Resource windfalls, macroeconomic stability and growth : the role of political institutions

Arezki, Rabah - 2011

Persistent link: https://www.econbiz.de/10009424793

Institutions Rule : The Primacy of Institutions Over Integration and Geography in Economic Development

Subramanian, Arvind - 2002

We estimate the respective contributions of institutions, geography, and trade in determining cross-country income levels using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions ""trumps"" everything else. Controlling for...

Persistent link: https://www.econbiz.de/10014401492

Tourism Specialization and Economic Development : Evidence from the UNESCO World Heritage List

Piotrowski, John M. - 2009

standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques … economic growth. An increase of one standard deviation in the share of tourism in exports leads to about 0.5 percentage point … in additional annual growth, everything else being constant. Our result holds against a large array of robustness checks …

Persistent link: https://www.econbiz.de/10014402466

Commodity Windfalls, Polarization, and Net Foreign Assets : Panel Data Evidenceon the Voracity Effect

Bruckner, Markus - 2010

overall effect on GDP per capita growth. The paper''s findings are consistent with theoretical models of the current account …

Persistent link: https://www.econbiz.de/10014397619

Resource Windfalls, Macroeconomic Stability and Growth : The Role of Political Institutions

Kazimov, Kazim - 2011

macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are …. Third, we find that in the long run resource windfalls have negative effects on non-resource sector GDP growth. Yet, the … windfalls on macroeconomic stability and economic growth are moderated by the quality of political institutions …

Persistent link: https://www.econbiz.de/10014399309

Aid and Growth : What Does the Cross-Country Evidence Really Show?

Rajan, Raghuram - 2005

We examine the effects of aid on growth-- in cross-sectional and panel data--after correcting for the bias that aid … evidence of a positive (or negative) relationship between aid inflows into a country and its economic growth. We also find no …: what aspects of aid offset what ought to be the indisputable growth enhancing effects of resource transfers? Thus, our …

Persistent link: https://www.econbiz.de/10014400078