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Limited Information Bayesian Model Averaging for Dynamic Panels with Short Time Periods
Mirestean, Alin - 2009
we extend the BMA framework to panel data models where the lagged dependent variable as well as endogenous variables …
Persistent link: https://www.econbiz.de/10012677757
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Panel Nowcasting for Countries Whose Quarterly GDPs are Unavailable
Akbal, Omer Faruk - 2023
and conflict-affected states. To address this limited data availablity, this paper proposes a panel approach that utilizes …
Persistent link: https://www.econbiz.de/10015059362
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What Explains Remittance Fees? Panel Evidence
Beck, Thorsten - 2022
This paper uses data across 365 corridors to document time and country variation in remittance fees and explore factors predicting variation in remittance fees. We document a general reduction in such fees over the past decade although the goal of fees below 3 percent has not been met yet in...
Persistent link: https://www.econbiz.de/10015060523
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Local governments’ fiscal balance, privatization, and banking sector reform in transition countries
Crivelli, Ernesto - 2012
liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances …, unless the right incentives are in place to promote fiscal discipline. This paper uses a panel of 20 transition countries … over 19 years to address a central question of fact: Did privatization help to promote local governments' fiscal discipline …
Persistent link: https://www.econbiz.de/10009618582
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What Do Remittances Do? Analyzing the Private Remittance Transmission Mechanism in El Salvador.
Nery Saca, Nolvia - 2006
Intro -- Contents -- I. INTRODUCTION -- II. BRIEF REVIEW OF RESEARCH ON EL SALVADOR'S RECEIPTS OF REMITTANCES -- III. STYLIZED FACTS OF EL SALVADOR'S ECONOMY, 1995-2004 -- IV. MODEL SPECIFICATION AND DATA ISSUES -- V. EMPIRICAL EVIDENCE: TRANSMISSION MECHANISM -- VI. CONCLUSIONS AND ECONOMIC...
Persistent link: https://www.econbiz.de/10012691067
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Pension Privatization and Country Risk
Cuevas, Alfredo - 2008
pension liabilities during the reform's transition period, a pension privatization reform may transform IPD int …
Persistent link: https://www.econbiz.de/10012677645
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Tackling Private Over-Indebtedness in Asia : Economic and Legal Aspects
Garrido, Jose - 2020
One consequence of interest rates remaining 'too low for too long' since the Global Financial Crisis is the buildup in private leverage in emerging economies. These vulnerabilities have been laid bare by the COVID-19 shock. This paper employs the growth at risk framework (Adrian, Boyarchenko,...
Persistent link: https://www.econbiz.de/10014408871
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Evolution of debt sustainability analysis in low-income countries : some aggregate evidence
Baduel, Benedicte; Price, Robert W. - 2012
The Debt Sustainability Analysis (DSA) for low-income countries (LICs) is a standardized analytical tool to monitor debt sustainability. This paper uses DSAs from three periods around the time of the global economic crisis to analyze the projected trajectories of debt ratios for a sample of...
Persistent link: https://www.econbiz.de/10009618505
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Monetization in low- and middle-income countries
McLoughlin, Cameron; Kinoshita, Noriaki - 2012
The degree of an economy's monetization, which has an important implication on economic growth, can be affected by the conduct of monetary policy, financial sector reform, and episodes of financial crises. The paper finds that monetization--measured by the ratio of broad money to nominal GDP--...
Persistent link: https://www.econbiz.de/10009618525
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Public investment, growth, and debt sustainability : putting together the pieces
Buffie, Edward E.; Berg, Andrew; Pattillo, Catherine A.; … - 2012
We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (iii) the fiscal policy reactions necessary to ensure debt-sustainability; and (iv)...
Persistent link: https://www.econbiz.de/10009618586