Showing 1 - 10 of 301
We study the role of the exchange rate regime, reserve accumulation, and sterilization policies in the macroeconomics of aid surges. Absent sterilization, a peg allows for almost full aid absorption — an increase in the current account deficit net of aid — delivering the same effects as...
Persistent link: https://www.econbiz.de/10013058433
’s growth rate. It provides an overview of Armenia’s export performance, analyzes factors and policy valuables that affect … export outcomes in terms of volumes and composition, and draws policy implications …
Persistent link: https://www.econbiz.de/10014238500
diversification of the export sector. The latter, in turn, has been influenced by capital accumulation and economic growth. The growth … are consistent with empirical regularities observed in the exports-economic growth linkages. The paper also derives a … brought about by export expansion and its interaction with saving and investment …
Persistent link: https://www.econbiz.de/10012781726
This paper provides an empirical benchmarking of growth, productivity and export patterns for developing NREs against … growth. NRE product exports are more concentrated and relatively less complex, though we find increasingly diversified … service export baskets. Technological progress and specialization in trade in services may offer diversification options for …
Persistent link: https://www.econbiz.de/10013015610
This paper investigates the impact of domestic fuel price increases on export growth in a sample of 77 developing … in domestic gasoline or diesel price adversely affects real non-fuel export growth, but only in the short run as the … on exports is mainly noticeable in countries with a high-energy dependency ratio and countries where access to an …
Persistent link: https://www.econbiz.de/10012889165
. Using the World Bank's Exporter Dynamics Database (EDD) featuring firm-level exports from 50 countries, we find that around … 50 percent of variation in exports is along the extensive margin-a quantitative victory for the Melitz framework. The … remaining 50 percent on the intensive margin (exports per exporting firm) contradicts a special case of Melitz with Pareto …
Persistent link: https://www.econbiz.de/10012895125
This paper develops new, far more extensive estimates of export quality, covering 178 countries and hundreds of …
Persistent link: https://www.econbiz.de/10013080859
This paper shows that donors that maximize relative aid impact spread their budgets across many recipient countries in a unique Nash equilibrium, explaining aid fragmentation. This equilibrium may be inefficient even without fixed costs, and the inefficiency increases in the equality of donors'...
Persistent link: https://www.econbiz.de/10013098604
Flows of development financing from the BRICs (Brazil, Russia, India, and China) to low income countries (LICs) have surged in recent years. Unlike aid from traditional donors, BRICs (excluding Russia) view their financing as primarily based on the principles of South-South cooperation, focusing...
Persistent link: https://www.econbiz.de/10013108610
This paper explores the role of foreign aid and remittance inflows in the mitigation of the effects of food price shocks. Using a large sample of developing countries and mobilising dynamic panel data specifications, the econometric results yield two important findings. First, remittance and aid...
Persistent link: https://www.econbiz.de/10013091296