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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
Persistent link: https://www.econbiz.de/10001721945
"This paper tests the importance of precautionary and mercantilist motives in accounting for the hoarding of international reserves by developing countries, and provides a model that quantifies the welfare gains from optimal management of international reserves. While the variables associated...
Persistent link: https://www.econbiz.de/10003303565
Persistent link: https://www.econbiz.de/10003303790
The club of high-performing emerging markets is fairly concentrated in East Asia. Their TFP growth may not be extraordinary, though their growth rate is unprecedented. Factors argued to promote growth include trade, investment, external financing, and good governance. The importance of external...
Persistent link: https://www.econbiz.de/10011521461
Persistent link: https://www.econbiz.de/10001145518
This paper argues that the limited ability to help developing countries in a crisis should shift the focus to policies helping in reducing the ex ante probability of crises. Indirectly, such policies would also alleviate the depths of realized crises. Two specific ideas are explored:...
Persistent link: https://www.econbiz.de/10011520460