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Spillovers from Global and Regional Shocks to Armenia

Ayvazyan, Knarik - 2016

Using a structural vector auto-regression (SVAR) model, this paper examines the size, geographical sources, and transmission channels of global and regional shocks to the Armenian economy. Results show that Armenian economic activity is strongly influenced by global demand shocks and changes in...

Persistent link: https://www.econbiz.de/10012999760

Structural Reform Packages, Sequencing, and the Informal Economy

Munkacsi, Zsuzsa - 2017

This paper explores the macroeconomic impacts of labor and product market deregulationusing a small open-economy model with formal and informal markets. We examine both thelong-run effects and the transition towards the post-reform equilibrium, while our main focusare reform packages and...

Persistent link: https://www.econbiz.de/10012950425

The Relationship between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa

Stotsky, Janet Gale - 2012

This study examines the relationship between the foreign exchange regime and macroeconomic performance in Eastern Africa. The study focuses on seven countries, five of which decisively liberalized their foreign exchange regimes. The study assesses the relationship between (i) growth and various...

Persistent link: https://www.econbiz.de/10013102259

Exchange Rate Liberalization in Selected Sub-Saharan African Countries Successes, Failures, and Lessons

Maehle, Nils O. - 2013

Many sub-Saharan African (SSA) countries liberalized their economies in the 1980s and early 1990s. This paper reviews the foreign exchange regime reforms in selected SSA, and their associated macroeconomic policies and economic performance during and after these reforms were undertaken. Before...

Persistent link: https://www.econbiz.de/10013086314

Drivers of Growth : Evidence from Sub-Saharan African Countries

Ghazanchyan, Manuk - 2013

This study examines the drivers of growth in Sub-Saharan African countries, using aggregate data, from the past decade. We correlate recent growth experience to key determinants of growth, including private and public investment, government consumption, the exchange regime and real exchange...

Persistent link: https://www.econbiz.de/10013071368

The Rising Resilience of Emerging Market and Developing Economies

Abiad, Abdul G. - 2016

Economic performance in many emerging market and developing economies (EMDEs) improved substantially over the past twenty years. The past decade was particularly good-for the first time EMDEs spent more time in expansion and had smaller downturns thanadvanced economies. In this paper we document...

Persistent link: https://www.econbiz.de/10013007644

A New Look at the Determinants of Growth in Asian Countries

Ghazanchyan, Manuk - 2015

This study examines the drivers of growth in Asian countries, with focus on the role of investment, the exchange rate regime, financial risk, and capital account openness. We use a panel data set of a sample of Asian countries over the period 1980 to 2012. Our results indicate that private and...

Persistent link: https://www.econbiz.de/10013013822

Adding China to the Global Projection Model

Blagrave, Patrick - 2014

shaping global economic outcomes, given its sheer size and trade integration with other key economies, its demand for …

Persistent link: https://www.econbiz.de/10013060544

Revisiting the Link between Trade, Growth and Inequality : Lessons for Latin America and the Caribbean

Beaton, Kimberly - 2017

We revisit the relationship between international trade, economic growth and inequality with a focus on Latin America … macroeconomic effects of international trade on economic growth and inequality considering the strength of trade connections as well … as characteristics of countries' export markets and products. Second, we consider event studies of past episodes of trade …

Persistent link: https://www.econbiz.de/10012957842

China's Rebalancing : Opportunities and Challenges for LAC Exporters

aasaavari, nitya; Di Vittorio, Fabio; Lariau, Ana; Li, Yuebo - 2021

could undermine LAC's competitive advantage in some export markets. In this context, reduction of trade barriers and further …

Persistent link: https://www.econbiz.de/10013252045

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