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Market structure, technology spillovers, and persistence in productivity differentials

Cheung, Yin-Wong; Pascual, Antonio I. Garcia - 2001

determinants of cross-country differences in the persistence of productivity differentials Specifically, we focus on the effects of … convergence rates. Consistent with theories, the persistence of productivity differentials is found to be positively correlated …, productivity convergence appears to be enhanced by human capital but deterred by government spending. …

Persistent link: https://www.econbiz.de/10011399314

Trade openness, market competition, and inflation : some sectoral evidence from OECD countries

Binici, Mahir; Cheung, Yin-Wong; Lai, Kon-sun - 2011

countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity …. Nonetheless, previous empirical studies often fail to account for productivity effects, and their results may overstate the role … controlling for productivity effects. Indeed, when market competition and productivity effects are both accounted for, trade …

Persistent link: https://www.econbiz.de/10009489291

The Penn effect within a country : evidence from Japan

Cheung, Yin-Wong; Fujii, Eiji - 2012 - This version: August 2012

within Japan, we find that the measures of sectoral productivity do not behave in the way suggested by the Balassa … power. -- agglomeration effect ; Penn effect ; sectoral productivity differential ; tradables and non-tradables ; population …

Persistent link: https://www.econbiz.de/10009630643

Debt and conditionality under endogenous terms of trade adjustment

Aizenman, Joshua; Borensztein, Eduardo - 1988

Persistent link: https://www.econbiz.de/10000831002

Emerging markets

Aizenman, Joshua - 2005

The club of high-performing emerging markets is fairly concentrated in East Asia. Their TFP growth may not be extraordinary, though their growth rate is unprecedented. Factors argued to promote growth include trade, investment, external financing, and good governance. The importance of external...

Persistent link: https://www.econbiz.de/10011521461

A cross-country empirical analysis of international reserves

Cheung, Yin-Wong; Itō, Hiro - 2009

Using data from more than 100 economies for the period of 1975 to 2005, we conduct an extensive empirical analysis of the determinants of international reserve holdings. Four groups of determinants, namely, traditional macro variables, financial variables, institutional variables, and dummy...

Persistent link: https://www.econbiz.de/10003850507

International reserves : precautionary versus mercantilist views, theory and evidence

Aizenman, Joshua (contributor); Yi, Chae-u (contributor) - 2005

"This paper tests the importance of precautionary and mercantilist motives in accounting for the hoarding of international reserves by developing countries, and provides a model that quantifies the welfare gains from optimal management of international reserves. While the variables associated...

Persistent link: https://www.econbiz.de/10003303565

Globalization and developing countries - a shrinking tax base?

Aizenman, Joshua (contributor); Jinjarak, Yothin (contributor) - 2006

Persistent link: https://www.econbiz.de/10003303790

International reserves : precautionary vs. mercantilist views, theory and evidence

Aizenman, Joshua; Yi, Chae-u - 2005

Persistent link: https://www.econbiz.de/10003222995

Nominal exchange rate flexibility and real exchange rate adjustment : evidence from dual exchange rates in developing countries

Cheung, Yin-Wong (contributor); Lai, Kon-sun (contributor) - 2005

This study investigates whether exchange rate flexibility aids real exchange rate adjustment based on intra-period data on dual exchange rates from developing countries. Specifically, it analyzes whether the flexible parallel market rate produces faster or slower real exchange rate adjustment...

Persistent link: https://www.econbiz.de/10003113305