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Structural Reforms and Productivity Growth in Emerging Market and Developing Economies

Dabla-Norris, Era - 2016

This paper empirically assesses the role of structural and institutional reforms in driving productivity growth across countries at different stages of development, using a distance-to-frontier framework. It gauges whether particular policies and reforms matter more for increasing productivity...

Persistent link: https://www.econbiz.de/10012996099

Financial Structures and Economic Outcomes : An Empirical Analysis

Gole, Tom - 2013

This paper investigates the potential relationships between financial structures and economic outcomes. The empirical results that withstand a battery of methods suggest that some financial intermediation structures are likely to be more closely related to positive economic outcomes than others....

Persistent link: https://www.econbiz.de/10013080458

Revisiting the Link between Finance and Macroeconomic Volatility

Dabla-Norris, Era - 2013

, consumption, and investment growth, but only up to a certain point. At very high levels, such as those observed in many advanced … economies, financial depth amplifies consumption and investment volatility. We also find strong evidence that deeper financial … smoothing effect is particularly pronounced for consumption volatility in environments of high exposure - when trade and …

Persistent link: https://www.econbiz.de/10013086316

Financial Development and Source of Growth : New Evidence

Ben Naceur, Sami - 2017

This paper examines how financial development affects the sources of growth-productivity and investment-using a sample of 145 countries for the period 1960-2011. We employ a range of econometric approaches, focusing on the CCA and MENA countries. The analysis looks beyond financial depth to...

Persistent link: https://www.econbiz.de/10012950363

Searching for the Finance-Growth Nexus in Libya

Cevik, Serhan - 2013

This paper investigates the causal relationship between financial development and economic growth in Libya during the period 1970–2010. The empirical results vary with estimation methodology and model specification, but indicate the lack of long-run relationship between financial...

Persistent link: https://www.econbiz.de/10013080854

Commodity Price Volatility and the Sources of Growth

Cavalcanti, Tiago - 2012

This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital acquisition. We use the standard system GMM approach as well as...

Persistent link: https://www.econbiz.de/10013111408

The Price of Capital Goods : A Driver of Investment Under Threat

Lian, Weicheng - 2019

Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in advanced and emerging market and developing economies. Using cross-country and sectoral data, we show that the decline in the relative price of tangible tradable capital goods provided...

Persistent link: https://www.econbiz.de/10012866217

Uncertainty and Investment : The Financial Intermediary Balance Sheet Channel

Chen, Sophia - 2015

Rollover risk imposes market discipline on banks' risk-taking behavior but it can be socially costly. I present a two-sided model in which a bank simultaneously lends to a firm and borrows from the short-term funding market. When the bank is capital constrained, uncertainty in asset quality and...

Persistent link: https://www.econbiz.de/10013024428

Fiscal Reforms, Long-Term Growth and Income Inequality

Acosta‐Ormaechea, Santiago - 2017

We estimate the effects on growth of nine fiscal reform episodes in seven high-income countries using the Synthetic Control Method. These episodes are selected using an indicator-based approach applied to the evaluation of growth-friendly fiscal reforms during 1975-2010. We find that in reform...

Persistent link: https://www.econbiz.de/10012950407

What Prevents a Real Business Cycle Model from Matching the U.S. Data? Decomposing the Labor Wedge

Plotnikov, Dmitry - 2017

I carry out a business cycle accounting exercise (Chari, Kehoe and McGrattan, 2007) on theU.S. data measured in wage units (Farmer (2010)) for the entire postwar period. In contrast toa conventional approach, this approach preserves common medium-term business cyclefluctuations in GDP, its...

Persistent link: https://www.econbiz.de/10012945679

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