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Should easier access to international credit replace foreign aid?
Bandyopadhyay, Subhayu; Lahiri, Sajal; Younas, Javed - 2011
We examine the interaction between foreign aid and binding borrowing constraint for a recipient country. We also analyze how these two instruments affect economic growth via non-linear relationships. First of all, we develop a two-country, two-period trade-theoretic model to develop testable...
Persistent link: https://www.econbiz.de/10009488418
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Agency and communication in IMF conditional lending : theory and empirical evidence
Marchesi, Silvia; Sabani, Laura; Dreher, Axel - 2009
the countries' authorities, openness, and transparency, consistently with the theory. -- IMF conditionality ; delegation …
Persistent link: https://www.econbiz.de/10003817754
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Globalization and wage convergence : Mexico and the United States
Gandolfi, Davide; Halliday, Timothy; Robertson, Raymond - 2014
Neoclassical trade theory suggests that factor price convergence should follow increased commercial integration. Rising … States and Mexico. This paper evaluates the degree of wage convergence between Mexico and the United States between 1988 and … Mexico and the US. First, we find no evidence of long-run wage convergence among cohorts characterized by low migration …
Persistent link: https://www.econbiz.de/10010369823
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Income risk, income mobility and welfare
Krebs, Tom; Krishna, Pravin; Maloney, William F. - 2012
income process. The empirical application of our framework using data on individual incomes from Mexico provides striking …
Persistent link: https://www.econbiz.de/10009680990
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Distributional effects of competition: a simulation approach
Rodríguez-Castelán, Carlos; Araar, Abdelkrim; … - 2021
of reducing concentration in two markets in Mexico that are known for their high level of concentration: mobile …
Persistent link: https://www.econbiz.de/10012418634
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Informality and macroeconomic fluctuations
Fiess, Norbert M. (contributor); Fugazza, Marco (contributor) - 2008
with and without wage rigidities. The paper then explores time series data from Argentina, Brazil, Colombia and Mexico to … test for cointegrating relationships corresponding to the patterns predicted by theory. We confirm episodes of expansion of …
Persistent link: https://www.econbiz.de/10003722146
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Are entrepreneurs aware of covered interest parity and dollar shortage?
Nariman, Farhad; Heshmati, Almas - 2022
The purpose of this study is demonstrating why entrepreneurs should monitor the broad dollar index. This paper explains the reason why the broad dollar index has become a risk (leverage) gauge since 2008 using the Covered Interest Parity (CIP). CIP can be viewed as a reflection of the shadow...
Persistent link: https://www.econbiz.de/10013173246
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Purchasing power parity for developing and developed countries : what can we learn from non-stationary panel data models?
Drine, Imed (contributor); Rault, Christophe (contributor) - 2007
The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004) and generalized by Banerjee and Carrion-i-Silvestre (2006) to examine the robustness of the PPP concept for a sample of 80 developed and developing countries. We find that strong...
Persistent link: https://www.econbiz.de/10003610062
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Monetary commitment and structural reforms : a dynamic panel analysis for transition economies
Belke, Ansgar; Vogel, Lukas - 2012
This paper examines the contemporaneous relationship between the exchange rate regime and structural economic reforms for a sample of CEEC/CIS transition countries. We investigate empirically whether structural reforms are complements or substitutes for monetary commitment in the attempt to...
Persistent link: https://www.econbiz.de/10009575090
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The real exchange rate and growth in Zimbabwe : does the currency regime matter?
Brixiova, Zuzana; Ncube, Mthuli - 2014
Zimbabwe faces growth and external competitiveness challenges, as indicated by its low trend growth and investment, declining share in the world exports, high current account deficits, and external debt. The stock-flow approach to the equilibrium exchange rate reveals that the real exchange rate...
Persistent link: https://www.econbiz.de/10010398776