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

Arezki, Rabah - 2013

This paper examines the effects that windfalls from international commodity price booms have on net foreign assets in a panel of 145 countries during the period 1970-2007. The main finding is that windfalls from international commodity price booms lead to a significant increase in net foreign...

Persistent link: https://www.econbiz.de/10013092044

Evaluation of Long-Dated Investments Under Uncertain Growth Trend, Volatility and Catastrophes

Gollier, Christian - 2021

investment is larger than half of relative risk aversion. Another important consequence of parametric uncertainty is that the … risk premium is not proportional to the beta of the investment. We apply these general results to the case of an uncertain …

Persistent link: https://www.econbiz.de/10013315817

Adverse Effects of Ultra-Loose Monetary Policies on Investment, Growth and Income Distribution

Hoffmann, Andreas - 2016

The paper analyses adverse investment, growth and distributional effects of ultra-loose monetary policies based on the … substitute real investment by financial investment. When interest rates are expected to fall in the long term, the marginal and …

Persistent link: https://www.econbiz.de/10012996802

Why is China Investing in Africa? Evidence from the Firm Level

Chen, Wenjie - 2016

China's increased trade with and investment in Africa have boosted the continent's economic growth but have also … generated considerable controversy. In this paper we investigate China's outward direct investment ODI in Africa using macro and … investment is small, though growing rapidly. China's attraction to resource-rich countries is no different from Western …

Persistent link: https://www.econbiz.de/10012987345

Ageing, Government Budgets, Retirement, and Growth

Gonzalez-Eiras, Martín - 2011

politico-economic equilibrium. Growth is driven by capital accumulation and productivity increases fueled by public investment … of public investment …

Persistent link: https://www.econbiz.de/10013129861

Political Versus Economic Institutions in the Growth Process

Flachaire, Emmanuel - 2011

After a decade of research on the relationship between institutions and growth, scholars in this field seem to be divided. Economic institutions perform well in growth regressions and a body of literature argues that this supports the key importance of institutions for development. Other authors...

Persistent link: https://www.econbiz.de/10013125692

Short-Term and Long-Term Growth Effects of Exchange Rate Adjustment

Kočenda, Evžen - 2013

The European sovereign debt crisis revived the discussion concerning the pros and cons of exchange rate adjustment in the face of asymmetric shocks. Exit from the euro area is to regain rapidly international competitiveness. Exchange rate stability with structural reforms could be beneficial for...

Persistent link: https://www.econbiz.de/10013089423

Legal Institutions, Innovation and Growth

Anderlini, Luca - 2014

excessive (greater than first-best) R&D investment and output growth …

Persistent link: https://www.econbiz.de/10013067864

Cumulative Innovation, Growth and Welfare-Improving Patent Policy

Chor, Davin - 2013

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly improve upon frontier technologies, and productivity improvements are drawn in a stochastic manner. The presence of positive knowledge spillovers implies that the decentralized...

Persistent link: https://www.econbiz.de/10013075135

Structural Reforms, Growth and Inequality : An Overview of Theory, Measurement and Evidence

Campos, Nauro F. - 2018

This paper provides a critical overview of the state of the art in the economics literature on structural reforms. It takes stock of theoretical developments, measurement efforts and of the econometric evidence. We start with a simple theoretical framework for the relationship between structural...

Persistent link: https://www.econbiz.de/10012927189