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Persistent link: https://www.econbiz.de/10000986130
area sovereign debt crises. We find that macro and default-specific world factors are a primary source of default …
Persistent link: https://www.econbiz.de/10010484886
This paper addresses heterogeneity in determinants of economic growth in a data-driven way. Instead of defining groups of countries with different growth characteristics a priori, based on, for example, geographical location, we use a finite mixture panel model and endogenous clustering to...
Persistent link: https://www.econbiz.de/10011377062
In recent years there has been a growing interest in the impact of inequality on economic growth. Both theoretical and empirical approaches have produced ambiguous results on sign and size of this relationship. Although there is a considerable part of the literature that considers inequality...
Persistent link: https://www.econbiz.de/10011349190
recently available World Input-Output Database (WIOD) to study the properties of the new measures of the REER for 40 countries …
Persistent link: https://www.econbiz.de/10012458430
This paper distills and extends recent research on the economics of human development and social mobility. It summarizes the evidence from diverse literatures on the importance of early life conditions in shaping multiple life skills and the evidence on critical and sensitive investment periods...
Persistent link: https://www.econbiz.de/10012458740
disaggregated decomposition results among 40 trading nations in 35 sectors from 1995 to 2011 based on the World Input …
Persistent link: https://www.econbiz.de/10012458986
current account imbalances and possibly to the recent global financial crisis. This paper proposes a theory of excess savings …
Persistent link: https://www.econbiz.de/10012462653
This paper aims to provide a theory of current account adjustment that generalizes the textbook version of the … that are consistent with the theory …
Persistent link: https://www.econbiz.de/10012465262
Crony capitalism and self-fulfilling expectations by international creditors are often suggested as two rival explanations for currency crisis. This paper examines a possible linkage between the two that has not been explored much in the literature: corruption may affect a country's composition...
Persistent link: https://www.econbiz.de/10012470539