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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
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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
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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
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Growth Dynamics : The Myth of Economic Recovery
Cerra, Valerie; Saxena, Sweta C. - 2013
divergence and lower long-run growth, whereas we find absolute convergence in expansions. The output costs of political and …
Persistent link: https://www.econbiz.de/10014063095
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Public Debt and Productivity : The Difficult Quest for Growth in Jamaica
Blavy, Rodolphe - 2007
provides evidence of a significant and negative relationship between total public debt and productivity growth. Looking at the … specific channels through which high debt affects productivity growth and the allocation of resources in Jamaica, the study … excessively on a few maturing sectors with limited scope for productivity growth. Furthermore, public investment has been crowded …
Persistent link: https://www.econbiz.de/10012778208
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Commodity Price Volatility and the Sources of Growth
Cavalcanti, Tiago - 2012
as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital …
Persistent link: https://www.econbiz.de/10013111408
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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
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Social Spending in Korea : Can it Foster Sustainable and Inclusive Growth?
Elekdag, Selim Ali - 2012
Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly aging population and ameliorating income inequality. This paper argues that a gradual increase in social spending could promote more sustainable and inclusive growth in Korea....
Persistent link: https://www.econbiz.de/10013098277
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Brazil's Long-Term Growth Performance - Trying to Explain the Puzzle
Adrogue, Ricardo - 2007
This paper assesses Brazil's growth performance from a long-term perspective, using crosscountry and panel estimation techniques, building on the vast empirical literature on growth. The empirical evidence presented in this paper confirms that macroeconomic stability and several reforms have...
Persistent link: https://www.econbiz.de/10012777952
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Oil Price Shocks and Economic Growth in Oil-Exporting Countries : Does the Size of Government Matter?
Emamgholi, Amir S. Sadeghi - 2018
This paper examines the impact of government size on how output and government expenditurerespond to oil price shocks in 28 oil-exporting countries between 1990 and 2016. Results suggestthat if the size of government (measured by government expenditure-to-(non-oil) GDP ratio) islarger, non-oil...
Persistent link: https://www.econbiz.de/10012929923