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Priority roads : the political economy of Africa's interior-to-coast roads
Bonfatti, Roberto; Gu, Yuan; Poelhekke, Steven - 2019
Africa's interior-to-coast roads are well suited to export natural resources, but not to support regional trade. Are … investigate the political determinants of road paving in West Africa across the 1965-2012 period. Controlling for geography and … networks expanded in a less interior-to-coast way in periods of democracy. This result suggests that Africa's interior …
Persistent link: https://www.econbiz.de/10011966676
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Spatial diffusion of economic shocks in networks
Amarasinghe, Ashani; Hodler, Roland; Raschky, Paul A.; … - 2018
local economic shocks across Africa. We further show how counterfactual exercises based on these estimates and the …
Persistent link: https://www.econbiz.de/10011825329
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Macroeconomic factors and micro-level bank risk
Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - 2010
The interplay between banks and the macroeconomy is of key importance for financial and economic stability. We analyze this link using a factor-augmented vector autoregressive model (FAVAR) which extends a standard VAR for the U.S. macroeconomy. The model includes GDP growth, inflation, the...
Persistent link: https://www.econbiz.de/10008697545
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Firm response to competitive shocks : evidence from China's minimum wage policy
Hau, Harald; Huang, Yi; Wang, Gewei - 2017
The large regional variation in minimum wage levels in the period 2002-08 in China implies that Chinese manufacturing firms experienced competitive shocks as a function of firm location and their low-wage employment share. We find that minimum wage hikes accelerate the input substitution from...
Persistent link: https://www.econbiz.de/10011718640
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An assessment of the impact of HIV/AIDS on economic growth : the case of Kenya
Were, Maureen; Nafula, Nancy N. - 2003
HIV/AIDS pandemic in Africa has been closely associated with adverse economic effects, and could thwart the success of … poverty reduction initiatives. HIV/AIDS is fast eroding the health benefits, which Kenya gained in the first two decades of … Kenya. Within this framework, the paper attempts to analyse the impact of HIV/AIDS on Kenya s economic growth by way of …
Persistent link: https://www.econbiz.de/10011509459
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The euro crisis and economic growth : a novel counterfactual approach
Terzi, Alessio - 2019 - This Draft: 25 June 2019
Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone crisis countries (Greece, Portugal, Ireland, Cyprus, Spain)...
Persistent link: https://www.econbiz.de/10012033212
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The crisis and regional resilience in Europe : on the importance of urbanization and specialization
Steven, Brakman; Garretsen, Harry; Marrewijk, Charles van - 2014 - This version:, March 2014
that started in 2008, as our shock and then analyze how the NUTS II EU regions differ in their resilience to the crisis in …Using a rich data set on the EU regions, we analyze the relevance of two possible determinants of a region's resilience … their resilience to shocks but it typically remains unclear as to why regions differ in this respect. For the 2008- 2012 …
Persistent link: https://www.econbiz.de/10010337597
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Is favoritism a threat to Chinese aid effectiveness? : A subnational analysis of Chinese development projects
Dreher, Axel; Fuchs, Andreas; Hodler, Roland; Parks, Bradley - 2019
Chinese aid comes with few strings attached, allowing recipient country leaders to use it for domestic political purposes. The vulnerability of Chinese aid to political capture has prompted speculation that it may be economically ineffective, or even harmful. We test these claims by estimating...
Persistent link: https://www.econbiz.de/10012033099
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The economic impact of weather and climate
Tol, Richard S. J. - 2021
I propose a new conceptual framework to disentangle the impacts of weather and climate on economic activity and growth: A stochastic frontier model with climate in the production frontier and weather shocks as a source of inefficiency. I test it on a sample of 160 countries over the period...
Persistent link: https://www.econbiz.de/10012486667
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Economic policy uncertainty spillovers in booms and busts
Caggiano, Giovanni; Castelnuovo, Efrem; Figueres, Juan … - 2018
We estimate a nonlinear VAR to quantify the impact of economic policy uncertainty shocks originating in the US on the Canadian unemployment rate in booms and busts. We find strong evidence in favor of asymmetric spillover effects. Unemployment in Canada is shown to react to uncertainty shocks in...
Persistent link: https://www.econbiz.de/10011862894