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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

How economic, political and institutional factors influence the choice of exchange rate regimes? : new evidence from selected countries of the MENA region

Maraoui, Najia; Hadj Amor, Thouraya; Khefacha, Islem; … - 2022

In this paper, we investigate how economic, political and institutional factors affect the choice of exchange rate regimes, using data on eight MENA (Middle East and North Africa) countries over the 1984-2016 period. Specifically, we run random-effects ordered probit regressions of the...

Persistent link: https://www.econbiz.de/10013186745

On the dynamics of ethnic fractionalization

Campos, Nauro (contributor); Kuzeyev, Vitaliy S. (contributor) - 2007

Does fractionalization change over time? If so, are there any substantial implications for economic performance? To answer such questions, we construct a new panel data set with fractionalization measures for 26 former communist countries covering the period from 1989 to 2002. Our...

Persistent link: https://www.econbiz.de/10003597340

Dynamic ethnic fractionalization and economic growth in the transition economies from 1989 to 2007

Campos, Nauro; Saleh, Ahmad; Kuzeyev, Vitaliy - 2009

In their survey of the literature on ethnic fractionalization and economic performance, Alesina and La Ferrara (JEL 2005) identify two main directions for future research. One is to improve the measurement of diversity and the other to treat diversity as an endogenous variable. This paper tries...

Persistent link: https://www.econbiz.de/10003923596

Happiness and economic growth : the evidence

Easterlin, Richard A. - 2013

Long term trends in happiness and income are not related; short term fluctuations in happiness and income are positively associated. Evidence for this is found in time series data for developed countries, transition countries, and less developed countries, whether analyzed separately or pooled....

Persistent link: https://www.econbiz.de/10009699443

China's life satisfaction, 1990 - 2010

Easterlin, Richard A.; Morgan, Robson; Switek, Malgorzata; … - 2013

Despite its unprecedented growth in output per capita in the last two decades, China has essentially followed the life satisfaction trajectory of the central and eastern European transition countries - a U-shaped swing and a nil or declining trend. There is no evidence of an increase in life...

Persistent link: https://www.econbiz.de/10009700204

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

On the exchange rate and economic policy uncertainty nexus: a panel VAR approach for emerging markets

Abid, Abir; Rault, Christophe - 2020

We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR perspective used for the first time in this context. Focusing on Emerging Market Economies (EME), our noteworthy findings postulate that (a) both home and foreign EPU shocks...

Persistent link: https://www.econbiz.de/10012239005

The role of the exchange rate regime in the process of real and nominal convergence

D'Adamo, Gaetano; Rovelli, Riccardo - 2013

inflation observed in the European catching-up countries, which suggests that other factors may be at play. In these and related … non-traded sectors) on the dual inflation differential is more than twice as large as that in the "flexible" countries. We … conclude that, in a catching-up country, premature euro adoption may foster excess inflation, beyond that which is to be …

Persistent link: https://www.econbiz.de/10010191206

Paradox lost?

Easterlin, Richard A. - 2016

Or Paradox Regained? The answer is Paradox Regained. New data confirm that for countries worldwide long-term trends in happiness and real GDP per capita are not significantly positively related. The principal reason that Paradox critics reach a different conclusion, aside from problems of data...

Persistent link: https://www.econbiz.de/10011450390

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