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Central America, Panama, and the Dominican Republic : Trade Integration and Economic Performance
Medina Cas, Stephanie C. - 2012
This paper studies the potential for the export sector to play a more important role in promoting growth in Central America, Panama, and the Dominican Republic (CAPDR) through deeper intra-regional and global trade integration. CAPDR countries have enacted many free trade agreements and other...
Persistent link: https://www.econbiz.de/10013098574
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Macroeconomic Consequences of Tariffs
Furceri, Davide - 2019
We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 countries over 1963-2014. We find that tariff increases lead, in the medium term, to economically and statistically significant declines...
Persistent link: https://www.econbiz.de/10012892898
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The Aggregate and Distributional Effects of Financial Globalization : Evidence from Macro and Sectoral Data
Furceri, Davide - 2018
We take a fresh look at the aggregate and distributional effects of policies to liberalizeinternational capital flows-financial globalization. Both country- and industry-level resultssuggest that such policies have led on average to limited output gains while contributing tosignificant increases...
Persistent link: https://www.econbiz.de/10012918557
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Global Smartphones Sales May Have Peaked
Mongardini, Joannes - 2020
Global smartphone sales may have peaked. After reaching nearly 1.5 billion units in 2016, global smartphone sales have since declined, contributing negatively to world trade in 2019 and suggesting that the global market may now be saturated. This paper develops a simple model to forecast...
Persistent link: https://www.econbiz.de/10012829702
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Capital Account Liberalization and Inequality
Furceri, Davide - 2016
This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average, capital account liberalization reforms increase inequality and reduce the labor share of income in the short and medium term. We also...
Persistent link: https://www.econbiz.de/10012999758
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Small Island States in the Pacific : The Tyranny of Distance
Becker, Chris - 2012
This paper seeks to document key characteristics of small island states in the Pacific. It restricts itself to a limited number of indicators which are macro-orientated - population, fertility of land, ability to tap into economies of scale, income, and geographic isolation. It leaves aside...
Persistent link: https://www.econbiz.de/10013098583
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Structural Reforms and Regional Convergence
Spilimbergo, Antonio - 2012
Which structural reforms affect the speed the regional convergence within a country? We found that domestic financial … regional convergence. However, these reforms have mixed effects on the growth of regions closer to the country's development … speeding up regional convergence increases national income. We also present a theoretical model to discuss these results …
Persistent link: https://www.econbiz.de/10013101519
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How Effective is Monetary Transmission in Low-Income Countries? A Survey of the Empirical Evidence
Mishra, Prachi - 2012
This paper surveys the evidence on the effectiveness of monetary transmission in low-income countries. It is hard to come away from this review with much confidence in the strength of monetary transmission in such countries. We distinguish between the "facts on the ground" and "methodological...
Persistent link: https://www.econbiz.de/10013102261
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De-Monopolization Toward Long-Term Prosperity in China
Ahuja, Ashvin - 2012
During the past decade, the average Chinese earns roughly 9 times less and is 10 times less productive than the average American at purchasing power parity. Current consensus attributes large differences in output per worker to differences in total factor productivity (TFP). Evidence suggests...
Persistent link: https://www.econbiz.de/10013108611
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Measuring and Mending Monetary Policy Effectiveness Under Capital Account Restrictions — Lessons from Mauritania
Blotevogel, Robert - 2013
I propose a new approach to identifying exogenous monetary policy shocks in low-income countries with capital account restrictions. In the case of Mauritania, a domestic repatriation requirement is the key institutional characteristic that allows me to establish exogeneity. Unlike in advanced...
Persistent link: https://www.econbiz.de/10013082927