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Dualism and cross-country growth regressions
Temple, Jonathan; Woessmann, Ludger - 2004
labour can explain a significant fraction of the international variation in TFP growth. …This paper examines whether growth regressions should incorporate dualism and structural change. If there is a … factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than …
Persistent link: https://www.econbiz.de/10010261270
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Democracy and development : the devil in the details
Persson, Torsten; Tabellini, Guido - 2006
explain why presidential democracy leads to faster growth than parliamentary democracy. Third, it is important to distinguish … growth effect of democracy. …
Persistent link: https://www.econbiz.de/10010261420
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Economic Growth in Africa: Comparing Recent Improvements with the "lost 1980s and early 1990s" and Estimating New Growth Trends
Leibfritz, Willi; Flaig, Gebhard - 2013
In the first part of the paper we look at economic growth in Africa over the past three decades. We divide the past … growth rates for Africa and several individual countries. We use the Hodrick-Prescott filter with different values for the … the growth rates of GDP trend. For Africa as a hole and for most countries we find relatively low trend growth rates until …
Persistent link: https://www.econbiz.de/10010293975
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Prospects of regional cooperation in trade, investment and finance in Asia: an empirical analysis on BIMSTEC countries and Japan
Bhattacharya, Swapan K.; Bhattacharyay, Biswa N. - 2006
The seven-nation Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation (BIMSTEC), comprising Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand is emerging as one of the major subregional groups in Asia. Japan is the second largest trading partner for...
Persistent link: https://www.econbiz.de/10010263916
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China's current account and exchange rate
Cheung, Yin-Wong; Chinn, Menzie D.; Fujii, Eiji - 2009
We examine whether the Chinese exchange rate is misaligned and how Chinese trade flows respond to the exchange rate and to economic activity. We find, first, that the Chinese currency, the renminbi (RMB), is substantially below the value predicted by estimates based upon a cross-country sample,...
Persistent link: https://www.econbiz.de/10010264589
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Hoarding of international reserves: Mrs Machlup's wardrobe and the joneses
Cheung, Yin-Wong; Qian, Xingwang - 2007
Motivated by the observed international reserve hoarding behavior in the post-1997 crisis period, we explore the Mrs … psychological reasons, holding a relatively high level of international reserves reduces the vulnerability to speculative attacks … and promotes growth. A stylized model is constructed to illustrate this type of hoarding behavior. The relevance of the …
Persistent link: https://www.econbiz.de/10010276301
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Optimal debt and equilibrium exchange rates in a stochastic environment : an overview
Stein, Jerome L. - 2004
optimal control/dynamic programming to derive the optimal debt and endogenous growth rate. Examples are given of these …
Persistent link: https://www.econbiz.de/10010261108
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Trade model with an optimal exchange rate motivated by current discussion of a Chinese Renminbi float
Huang, Hui; Wang, Yi; Wang, Yiming; Whalley, John; … - 2005
We combine a model of combined inter-spatial and inter-temporal trade between countries recently – used by Huang, Whalley and Zhang (2004) to analyze the merits of trade liberalization in services when goods trade is restricted – with a model of foreign exchange rationing due to Clarete and...
Persistent link: https://www.econbiz.de/10010261196
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Hoarding of International Reserves : Mrs Machlup's Wardrobe and the Joneses
Cheung, Yin-Wong; Qian, Xingwang - 2021
Motivated by the observed international reserve hoarding behavior in the post-1997 crisis period, we explore the Mrs … psychological reasons, holding a relatively high level of international reserves reduces the vulnerability to speculative attacks … and promotes growth. A stylized model is constructed to illustrate this type of hoarding behavior. The relevance of the …
Persistent link: https://www.econbiz.de/10013316903
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The global joint distribution of income and health
Wu, Ximing; Savvides, Andreas; Stengos, Thanasis - 2008
We investigate the evolution of global welfare in two dimensions: income per capita and life expectancy. First, we estimate the marginal distributions of income and life expectancy separately. More importantly, in contrast to previous univariate approaches, we consider income and life expectancy...
Persistent link: https://www.econbiz.de/10010264413