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Infrastructure, Growth, and Inequality : An Overview

Calderón, César - 2017

Academics and policy makers have long considered an adequate supply of infrastructure services to be essential for economic development. This paper reviews recent theoretical and empirical literature on the effects of infrastructure development on growth and income distribution. The theoretical...

Persistent link: https://www.econbiz.de/10012972738

Bank Bailouts, Competition, and the Disparate Effects for Borrower and Depositor Welfare

Calderón, César - 2017

This paper investigates how government interventions into banking systems such as blanket guarantees, liquidity support, recapitalizations, and nationalizations affect banking competition. This debate is important because the pricing of banking products has implications for borrower and...

Persistent link: https://www.econbiz.de/10012974479

Gross Inflows Gone Wild : Gross Capital Inflows, Credit Booms and Crises

Calderón, César - 2017

The main goal of the paper is to examine whether surges in private capital inflows lead to credit booms. The authors built a quarterly database on gross capital inflows, credit to the private sector, and other macro-financial indicators for a sample of 71 countries from 1975q1 to 2010q4....

Persistent link: https://www.econbiz.de/10012974818

Is Infrastructure Capital Productive? A Dynamic Heterogeneous Approach

Calderón, César - 2017

This paper offers an empirical evaluation of the output contribution of infrastructure. Drawing from a large data set on infrastructure stocks covering 88 countries and spanning the years 1960-2000, and using a panel time-series approach, the paper estimates a long-run aggregate production...

Persistent link: https://www.econbiz.de/10012975946

Sudden Stops : Are Global and Local Investors Alike?

Calderón, César - 2017

likely to stop bringing their capital when their economy is growing and the world interest rate is lower. Domestic agents are … economy governed by the same set of determinants? Given the distribution of different types of sudden stop episodes over time … more willing to invest abroad if the macroeconomic performance of the domestic economy is poor (high inflation), the …

Persistent link: https://www.econbiz.de/10012976162

Volume and Quality of Infrastructure and the Distribution of Income: An Empirical Investigation

Chong, Alberto; Calderón, César - 2001

We provide evidence on the link between infrastructure development and the distribution of income for the period 1960-1995. To do this, we use several proxies such as roads, railways, telecommunications and energy measures. The approach is comprehensive as cross-country and panel methods are...

Persistent link: https://www.econbiz.de/10010327099

Labor Market Regulations and Income Inequality: Evidence for a Panel of Countries

Calderón, César; Chong, Alberto; Valdés, Rodrigo - 2004

This paper presents evidence on the impact of labor regulations on income inequality using two recently published databases on labor institutions and outcomes (Rama and Artecona, 2002; Botero, Djankov, La Porta, López-de-Silanes and Shleifer, 2003) and different cross-section and panel data...

Persistent link: https://www.econbiz.de/10010327103

Structure and Development of Financial Institutions and Links with Trust: Cross-Country Evidence

Galindo, Arturo; Chong, Alberto; Calderón, César - 2001

is a cross section of 48 countries and the analysis covers the period 1980-1994. We use a new World Bank data set that …

Persistent link: https://www.econbiz.de/10010327144