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Is Digitalization Driving Domestic Inflation?
Csonto, Balazs - 2020
This paper examines the extent to which digitalization-measured by a new proxy based on IP addresses allocations per … estimates show that digitalization has a statistically significant negative effect on inflation in the short run. Its economic … and cointegration analysis further suggest digitalization is a key driver of lower trend inflation …
Persistent link: https://www.econbiz.de/10012843503
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Can Digitalization Help Deter Corruption in Africa?
Ouedraogo, Rasmané - 2020
This paper studies the effect of digitalization on the perception of corruption and trust in tax officials in Africa …. Using individual-level data from Afrobarometer surveys and several indices of digitalization, we find that an increase in … the use of Internet on the perception of corruption. Yet, the paper shows that the dampening effect of digitalization on …
Persistent link: https://www.econbiz.de/10012829704
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Investment-Led Growth in China : Global Spillovers
Ahuja, Ashvin - 2012
Over the past decade, China's growth model has become more reliant on investment and its footprint in global imports has widened substantially. Several economies within China's supply chain are increasingly exposed to its investment-led growth and face growing risks from a deceleration in...
Persistent link: https://www.econbiz.de/10013096278
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The Spillover Effects of a Downturn in China's Real Estate Investment
Ahuja, Ashvin - 2012
Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sector's extensive industrial and financial linkages make it a special type of economic activity, especially where the credit creation process relies primarily on collateral, like in...
Persistent link: https://www.econbiz.de/10013097279
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Is Inflation Domestic or Global? Evidence from Emerging Markets
Bems, Rudolfs - 2018
Following a period of disinflation during the 1990s and early 2000s, inflation in emerging markets has remained remarkably low and stable. Was this related to a global disinflation environment triggered by China's integration into world trade and the broader globalization inthese economies, or...
Persistent link: https://www.econbiz.de/10012906877
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Measuring Competitiveness in a World of Global Value Chains
Bayoumi, Tamim - 2018
All common real effective exchange rate indexes assume trade is only in final goods, despite the growing presence of global supply chains. Extending effective exchange rate indexes to include such intermediate goods can imply radically different effective exchange rate weights, depending on the...
Persistent link: https://www.econbiz.de/10012906887
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Inflation Co-Movement in Emerging and Developing Asia : The Monsoon Effect
Blagrave, Patrick - 2019
Co-movement (synchronicity) in inflation rates among a set of 13 emerging and developing countries in Asia is shown to be strongest for the food component, partly due to common rainfall shocks-a result which the paper terms the 'monsoon effect.' Economies with higher trade integration and...
Persistent link: https://www.econbiz.de/10012865120
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Coping with Falling Oil Prices : The Different Fortunes of African Banks
Gueye, Cheikh Anta - 2019
This paper studies the impact of declining oil prices on banks in sub-Saharan African oil-exporting countries. Results indicate that banks respond differently to an oil shock depending on their ownership: (i) domestic banks are the most adversely impacted and experience a deterioration in asset...
Persistent link: https://www.econbiz.de/10012866905
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Transmission of Domestic and External Shocks Through Input-Output Network : Evidence from Korean Industries
Lee, Dongyeol - 2019
In the last two decades, manufacturing industries in Korea have become more concentrated, and interconnectedness across industries and to foreign countries has risen via vertical relationships and trade linkages. This paper investigates the transmission of economic shocks in such a highly...
Persistent link: https://www.econbiz.de/10012868263
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Trade Linkages and International Business Cycle Comovement : Evidence from Korean Industry Data
Lee, Dongyeol - 2019
Through the 2000s, Korea's export and import linkages to advanced and emerging markets increased significantly. At the same time, the correlation of output growth between Korea and these economies rose. This paper investigates the nature of the link between trade linkages and the comovement of...
Persistent link: https://www.econbiz.de/10012868264