Showing 1 - 10 of 27
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
Persistent link: https://www.econbiz.de/10001721945
even for risk neutral multinationals, as their profit function is non-linear due to price and productivity effects. For … of productivity shocks in an emerging market producing the intermediate inputs reduces the multinationals' expected … in each country to productivity shocks, channeling the average employment from the more to the less volatile location …
Persistent link: https://www.econbiz.de/10013243418
Persistent link: https://www.econbiz.de/10001145518
The purpose of this study is to identify conditions under which renewed international. lending will benefit both the developed and the developing countries. Our analysis will evaluate how the presence of terms of trade adjust-rent and distorted credit markets affect the conditions for the...
Persistent link: https://www.econbiz.de/10013139886
This paper explores links between policy uncertainty and growth. It provides evidence on the correlation between policy uncertainty and per capita real GDP for 46 developing countries over the 1970-85 period. Cross-section regressions on growth suggest that after accounting for standard...
Persistent link: https://www.econbiz.de/10013141088
The global crisis highlights the continued vulnerability of developing countries to shocks from advanced economies. Just a few years after the global crisis, the eurozone sovereign debt crisis has emerged as the single biggest threat to the global outlook. In this paper, we apply the event study...
Persistent link: https://www.econbiz.de/10013091076
This paper investigates the potential impacts of the degree of divergence in open macroeconomic policies in the context of the trilemma hypothesis. Using an index that measures the relative policy divergence among the three trilemma policy choices, namely monetary independence, exchange rate...
Persistent link: https://www.econbiz.de/10013075864
We use the World Bank decomposition of aggregate investment shares into their private and public components to test for the correlation between volatility and investment in a set of developing countries. We uncover a statistically significant negative correlation between various volatility...
Persistent link: https://www.econbiz.de/10012774961
This paper analyzes competing interpretations for the large increases in the hoarding of international reserves by developing countries. While the first phase of the rapid hoarding of reserves in the aftermath of the East Asian crisis has been dominated by self insurance against exposure to...
Persistent link: https://www.econbiz.de/10012776454