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This paper examines the relationship between exports, productivity, and technological innovation. It first analyzes the … causality between the firms’ export behavior and productivity. Unlike other papers using a similar methodology, our results show … no evidence of learning by exporting. In fact, although once the firms begin exporting total productivity increases by …
Persistent link: https://www.econbiz.de/10003955198
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This paper analyzes the macroeconomic effects of fiscal and labor market policies in developing countries. The basic framework considers a small open economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency...
Persistent link: https://www.econbiz.de/10014396485
This paper compares the importance of precautionary and mercantilist motives in the hoarding of international reserves by developing countries. Overall, empirical results support precautionary motives; in particular, a more liberal capital account regime increases international reserves....
Persistent link: https://www.econbiz.de/10014402041