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Fueling or Following Growth? Causal Effects of Capital Inflows on Recipient Economies
End, Nicolas - 2024
Identifying the causal impact of capital inflows on growth and development has been a perennial challenge. This paper proposes a new way to investigate the effect of capital flows on recipient emerging and developing economies, using shift-share instruments and correcting for indirect flows. It...
Persistent link: https://www.econbiz.de/10015058746
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Do Capital Inflows Boost Growth in Developing Countries? Evidence from Sub-Saharan Africa
Calder�n, C�sar - 2015
Persistent link: https://www.econbiz.de/10012246110
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An Alternative Explanation for the Resource Curse; The Income Effect Channel
Alichi, Ali; Arezki, Rabah - International Monetary Fund (IMF) - 2009
The paper provides an alternative explanation for the "resource curse" based on the income effect resulting from high government current spending in resource rich economies. Using a simple life cycle framework, we show that private investment in the non-resource sector is adversely affected if...
Persistent link: https://www.econbiz.de/10008528647
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The Elusive Gains From International Financial Integration
Gourinchas, Pierre-Olivier; Jeanne, Olivier - International Monetary Fund (IMF) - 2004
Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this...
Persistent link: https://www.econbiz.de/10005605034
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Does Openness to International Financial Flows Raise Productivity Growth?
Prasad, Eswar - 2008
This paper provides a comprehensive analysis of the relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a large sample of countries. We find that de jure capital...
Persistent link: https://www.econbiz.de/10012677369
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Capital Flows to EU New Member States; Does Sector Destination Matter?
Mitra, Pritha - International Monetary Fund (IMF) - 2011
The recent boom-bust episode in Emerging Europe was largely the product of surges and sudden stops in capital inflows. This paper empirically argues that the sectors into which capital flows determines their impact on GDP growth. Applying data from EU New Member States, it is found that capital...
Persistent link: https://www.econbiz.de/10009019584
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Financing Growth in the WAEMU Through the Regional Securities Market; Past Successes and Current Challenges
Diouf, Mame Astou; Boutin-Dufresne, Francois - International Monetary Fund (IMF) - 2012
The West African Economic and Monetary Union (WAEMU) regional securities market saw increasing activity in the last decade, but still fell short of supplying sufficient long-term financing for growth-enhancing public and private investment projects. In addition to providing an institutional...
Persistent link: https://www.econbiz.de/10011242273
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Nigeria Economic Update, Fall 2019 : Jumpstarting Inclusive Growth - Unlocking the Productive Potential of Nigeria's People and Resource Endowments
World Bank Group - 2019
Nigeria continues its rec ... …
Persistent link: https://www.econbiz.de/10012646682
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Nigeria on the Move : A Journey to Inclusive Growth
World Bank Group - 2020
Frequently referred to as the Giant of Africa, Nigeria is growing slower than its population and large numbers of … people are poor. With gross national income per capita of USD 2,100 (in 2017; Atlas method, WDI), Nigeria is classified as a … 42.8 percent of Nigeria's population was living in extreme poverty in 2016. Poverty has been rising in rural areas and in …
Persistent link: https://www.econbiz.de/10012646904
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Natural Resources, Institutions, and Economic Growth : The Case of Nigeria
Raggl, Anna K. - 2017
drivers of growth in Nigeria, and to predict growth rates of gross domestic product per capita for the country under different … natural resource rents are estimated to be particular important ingredients for a prosperous economic development in Nigeria …
Persistent link: https://www.econbiz.de/10012245930