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What Makes Growth Sustained?
Ostry, Jonathan David - 2008
We identify structural breaks in economic growth in 140 countries and use these to define ""growth spells:"" periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countries...
Persistent link: https://www.econbiz.de/10012677563
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A Real Model of Transitional Growth and Competitiveness in China
Lipschitz, Leslie - 2008
We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marginal product of labor elicits increases in employment and output rather than only...
Persistent link: https://www.econbiz.de/10012677576
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D Spillovers and Institutions.
Coe, David T. - 2008
Intro -- Contents -- I. INTRODUCTION -- II. DATA -- III. ECONOMETRIC PRELIMINARIES -- IV. "INTERNATIONAL R&D SPILLOVERS" REVISITED -- V. INSTITUTIONS AND INTERNATIONAL R&D SPILLOVERS -- VI. CONCLUSIONS -- APPENDIX A: ALTERNATIVE SPECIFICATION -- APPENDIX B: DATA SOURCES AND DEFINITIONS --...
Persistent link: https://www.econbiz.de/10012682177
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Do Trading Partners Still Matter for Nigeria's Growth? A Contribution to the Debate on Decoupling and Spillovers
Obiora, Kingsley I. - 2009
Should policymakers still be concerned about economic growth in trading partners? Have developing and emerging market countries decoupled from the US enough to grow despite significant recession in the US? Using VAR models, this paper addresses these questions for Nigeria in the context of the...
Persistent link: https://www.econbiz.de/10012677490
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Decoupling from the East Toward the West? Analyses of Spillovers to the Baltic Countries
Fund, International Monetary - 2009
This paper uses VAR models to examine the magnitude and sources of growth spillovers to the Baltics from key trading partners, as well asfrom the real effective exchange rate (REER). Our results show there are significant cross-country spillovers to the Baltics with those from the EU outweighing...
Persistent link: https://www.econbiz.de/10012677789
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Does Openness to International Financial Flows Raise Productivity Growth?
Prasad, Eswar - 2008
This paper provides a comprehensive analysis of the relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a large sample of countries. We find that de jure capital...
Persistent link: https://www.econbiz.de/10012677369
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When and Why Worry About Real Exchange Rate Appreciation? The Missing Link Between Dutch Disease and Growth
International Monetary Fund (IMF); International … - 2010
We review the literature on Dutch disease, and document that shocks that trigger foreign exchange inflows (such as natural resource booms, surges in foreign aid, remittances, or capital inflows) appreciate the real exchange rate, generate factor reallocation, and reduce manufacturing output and...
Persistent link: https://www.econbiz.de/10008777021
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The spillover effects of a downturn in China’s real estate investment
Ahuja, Ashvin; Myrvoda, Alla - 2012
Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sector … process relies primarily on collateral, like in China. As a result, the impact on economic activity of a collapse in real … estate investment in China though a low-probability event would be sizable, with large spillovers to a number of China …
Persistent link: https://www.econbiz.de/10009679024
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Spillovers of the U.S. Subprime Financial Turmoil to Mainland China and Hong Kong SAR
Zhang, Xiaojing - 2009
China and Hong Kong SAR during the subprime crisis. Using both univariate and multivariate GARCH models, this paper finds … that China's stock market is not immune to the financial crisis, as evidenced by the price and volatility spillovers from … the United States than China's returns, and past volatility shocks in the United States have a more persistent effec …
Persistent link: https://www.econbiz.de/10012677827
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The Long-Run Trend of Residential Investment in China
Ding, Ding - 2018
In this paper we analyze the fundamental drivers of China's residential investment as a share of its GDP. Our analysis … residential investment to GDP ratio in China. We project that residential investment would moderate from the current level of 9 …
Persistent link: https://www.econbiz.de/10014408940