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Oil exports and the Iranian economy
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2009
This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focus on short...
Persistent link: https://www.econbiz.de/10003909263
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Thresholds in the process of international financial integration
Kose, M. Ayhan; Prasad, Eswar S.; Taylor, Ashley D. - 2009
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....
Persistent link: https://www.econbiz.de/10003831857
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India's approach to capital account liberalization
Prasad, Eswar S. (contributor) - 2009
In this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has served the economy well in terms of reducing its...
Persistent link: https://www.econbiz.de/10003794018
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Rebalancing growth in Asia
Prasad, Eswar S. - 2009
Rebalancing growth patterns of Asian economies is an important component of the overall rebalancing effort that will be required in the world economy. In this paper, I provide an empirical characterization of the composition of GDP levels and growth rates for the key emerging markets and other...
Persistent link: https://www.econbiz.de/10003879333
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Southern African economic integration : evidence from an augmented gravity model
Warin, Thierry; Wunnava, Phanindra V.; Tengia, Optat; … - 2009
This paper investigates the feasibility of creating a common-currency union consisting of 16 countries in Southern Africa. We estimate an augmented-gravity model that includes public deficit, public debt, public expenditure, inflation, and the foreign reserves position. We also integrate...
Persistent link: https://www.econbiz.de/10003879350
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The role of demographics in precipitating crises in financial institutions
Macunovich, Diane J. - 2009
There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
Persistent link: https://www.econbiz.de/10003900319
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Can intra-regional trade act as a global shock absorber in Africa?
Brixiova, Zuzana; Meng, Qingwei; Ncube, Mthuli - 2015
The global financial crisis and the subsequent uneven recovery have underscored the need for Africa's resilience to output and other shocks originated in the rest of the world. A comparison of two regional economic communities - the East African Community (EAC) and the Southern Africa Customs...
Persistent link: https://www.econbiz.de/10011307945
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Trade labor, market rigidities, and government-financed technological change
Koeniger, Winfried - 2001
This paper contributes to the debate on the effects of trade versus technological change on wage differentials. We propose an explanation of the stylized facts which is based on interactions between openness and technological change because of labor market institutions and government...
Persistent link: https://www.econbiz.de/10011339677
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Why some firms export? : an empirical analysis for manufacturing firms in the MENA region
Fakih, Ali; Ghazalian, Pascal L. - 2013
probability of exporting and the export intensity of these firms. The empirical specification is represented through a country … foreign ownership, information and communication technology, and firm size on the probability of exporting and on export … production workers and in terms of non-production workers tend to exert negative effects on firms' propensity to export. The …
Persistent link: https://www.econbiz.de/10009697662
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Migration, international trade and capital formation : cause or effect?
Felbermayr, Gabriel; Grossmann, Volker; Kohler, Wilhelm - 2012
In this paper, we provide an overview of the relationship between international migration and international trade as well as capital movements. After taking a brief historical perspective, we first investigate migration flows between two countries in a static, neoclassical context. We allow for...
Persistent link: https://www.econbiz.de/10009663906