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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

Financial development and economic growth : evidence from ten new EU members

Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2014

This paper reviews the main features of the banking and financial sector in ten new EU members, and then examines the relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the period 1994-2007. The evidence suggests that the...

Persistent link: https://www.econbiz.de/10010398778

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

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

Exchange rates and economic growth during the global business cycle : the role of labor market institutions

Kuokštis, Vytautas; Asali, Muhammad; Spurga, Simonas … - 2024

The effect of exchange rate regimes on economic performance is one of the key questions in international economics, both academically and policy-wise. Based on the theory of Optimum Currency Areas (OCA), we examine how labor market regulations affect the relationship between exchange rate...

Persistent link: https://www.econbiz.de/10015163468

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

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