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What measure of inflation should a developing country central bank target?

Anand, Rahul; Prasad, Eswar S.; Zhang, Boyang - 2015

In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We analyze this result in the context of developing economies, where a large proportion of households are credit constrained...

Persistent link: https://www.econbiz.de/10011307888

The impact of government spending on GDP in a remitting country

Al-Abri, Almukhtar S.; Genc, Ismail H.; Naufal, George - 2018

The literature on remittances is large and growing. However, its focus has mainly been on the effects of remittance inflows on the receiving economies. Little has been done on the sending economies. In this paper, we use data from Saudi Arabia, one of the top remitting countries in the world, to...

Persistent link: https://www.econbiz.de/10011881574

Do natural disasters stimulate individual saving? : evidence from a natural experiment in a highly developed country

Berlemann, Michael; Steinhardt, Max Friedrich; Tutt, Jascha - 2015

While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the … microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to …

Persistent link: https://www.econbiz.de/10010516460

Capital account policies, IMF programs and growth in developing regions

Bicaba, Zorobabel; Brixiova, Zuzana; Ncube, Mthuli - 2015

policymakers' beliefs about the impact of capital account liberalization on growth, under the 'Mundell's trilemma constraint. The …

Persistent link: https://www.econbiz.de/10010469677

The emigration life cycle: how development shapes emigration from poor countries

Clemens, Michael A. - 2020

destinations, and +0.74 to rich destinations. This relationship between emigration flows and economic growth is highly robust to …

Persistent link: https://www.econbiz.de/10012269072

Monetary policy, growth and employment in developing areas : a review of the literature

Junankar, Pramod N. - 2019

In this paper we review the literature on the impact that monetary policy has on growth and employment in developing … sometimes on output (GDP) levels and volatility of output. This survey of the literature on Monetary policy and growth shows … that money plays a small role in developing countries and that monetary policy is not a very important influence on growth …

Persistent link: https://www.econbiz.de/10011988624

Revisiting cross-country poverty convergence in the developing world with a special focus on Sub-Saharan Africa

Ouyang, Yusi; Shimeles, Abebe; Thorbecke, Erik - 2018

effectiveness of growth in reducing poverty; whereas an adverse direct effect of initial poverty on growth - which is recognized as …

Persistent link: https://www.econbiz.de/10011810342

Do developing countries enjoy faster poverty reduction as their initial poverty incidences decline over time? : a dynamic panel analysis

Ouyang, Yusi; Shimeles, Abebe; Thorbecke, Erik - 2018

the past three decades than those starting out richer, as initial poverty retards growth and makes it less effective in … initial poverty incidences decline over time. Our analysis also finds initial poverty as having little direct effect on growth … in LDCs, except in SSA where higher initial poverty is associated with faster growth. …

Persistent link: https://www.econbiz.de/10011814625

The political U : new evidence on democracy and income

Campos, Nauro; Coricelli, Fabrizio; Frigerio, Marco - 2022

This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960-2018, we show that the causal relationship between political and economic development is U-shaped: "intermediate" political regimes significantly lead to inferior economic...

Persistent link: https://www.econbiz.de/10013412764

Short and long-run labor market effects of developing country exports : evidence from Bangladesh

Robertson, Raymond; Kokas, Deeksha; Cardozo, Diego; … - 2020

the Multifibre Arrangement (MFA) - spread through Bangladesh's labor markets. Although the end of the MFA was arguably … exogenous to Bangladesh, we instrument export demand with OECD imports to ensure identification. We compare estimates of the …. Unlike in other studies, these local labor market effects dissipate quickly. Furthermore, Bangladesh's export shock was …

Persistent link: https://www.econbiz.de/10012184052