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From strangers to partners in the hemisphere: New Prospects in Australia’s Economic Relations with Latin America
Kenyon, Don; Eng, Pierre van der - Research School of Economics, College of Business and … - 2011
From marginal relevance, the trade and business relations between Australia and Latin America have grown during the past two decades. A proximate reason is that they diversified to encompass a greater range of manufactures and services. Differences in the business environments of Australia and...
Persistent link: https://www.econbiz.de/10009131009
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The Impact of Exchange Rate Uncertainty on the Level of Investment
Darby, Julia; Hughes Hallett, Andrew; Ireland, Jonathan; … - C.E.P.R. Discussion Papers - 1998
Conventional wisdom has it that increasing price or exchange rate uncertainty will depress investment. Using the Dixit … uncertainty leads to more investment. It depends first on the risk of being stuck with (ex-post) unwanted investments, then on the … increase or decrease investment; and also to identify which types of industries would gain, and which would suffer, from a move …
Persistent link: https://www.econbiz.de/10005123604
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Global Imbalances: In Midstream?
Blanchard, Olivier J; Milesi-Ferretti, Gian Maria - C.E.P.R. Discussion Papers - 2010
been significant changes in saving and investment patterns across the world and imbalances have narrowed considerably. Does …
Persistent link: https://www.econbiz.de/10008468701
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The Demand for Liquid Assets, Corporate Saving, and Global Imbalances
Bacchetta, Philippe; Benhima, Kenza - C.E.P.R. Discussion Papers - 2012
, because the demand for foreign bonds is a complement to domestic investment rather than a substitute. We show that this …-growth, high-investment, emerging countries. …
Persistent link: https://www.econbiz.de/10011084493
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Corporate Saving in Global Rebalancing
Bacchetta, Philippe; Benhima, Kenza - C.E.P.R. Discussion Papers - 2014
In this paper, we examine theoretically how corporate saving in emerging markets is contributing to global rebalancing. We consider a two-country dynamic general equilibrium model, based on Bacchetta and Benhima (2014), with a Developed and an Emerging country. Firms need to save in liquid...
Persistent link: https://www.econbiz.de/10011084689
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Population Ageing and International Capital Flows
Domeij, David; Flodén, Martin - C.E.P.R. Discussion Papers - 2004
We use the neoclassical growth framework to model international capital flows in a world with exogenous demographic change. We compare model implications and actual current account data and find that the model explains a small but significant fraction of capital flows between OECD countries, in...
Persistent link: https://www.econbiz.de/10005661601
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Institutions and the Historical Roots of Latin American Divergence
Bértola, Luis - C.E.P.R. Discussion Papers - 2010
In this essay we analyze the relation between long-term growth and institutional development. Relative backwardness has been a constant feature of the history of Latin America. In the wake of Independence the gap between Latin America and the industrializing world was already wide and widened...
Persistent link: https://www.econbiz.de/10008468602
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Lost Decades: Lessons from Post-Independence Latin America for Today's Africa
Bates, Robert H; Coatsworth, John H; Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 2006
Africa and Latin America secured their independence from European colonial rule a century and half apart: most of Latin America after 1820 and most of Africa after 1960. Despite the distance in time and space, they share important similarities. In each case independence was followed by political...
Persistent link: https://www.econbiz.de/10005136542
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The Argentina Paradox: Microexplanations and Macropuzzles
Taylor, Alan M. - C.E.P.R. Discussion Papers - 2014
The economic history of Argentina presents one of the most dramatic examples of divergence in the modern era. What happened and why? This paper reviews the wide range of competing explanations in the literature and argues that, setting aside deeper social and political determinants, the various...
Persistent link: https://www.econbiz.de/10011083510
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Death and Development
Lorentzen, Peter L.; McMillan, John; Wacziarg, Romain - C.E.P.R. Discussion Papers - 2005
fertility, and lower investment in physical and human capital. Furthermore, the feedback effect from economic prosperity to …
Persistent link: https://www.econbiz.de/10005504520