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Fueling or Following Growth? Causal Effects of Capital Inflows on Recipient Economies
End, Nicolas - 2024
Identifying the causal impact of capital inflows on growth and development has been a perennial challenge. This paper proposes a new way to investigate the effect of capital flows on recipient emerging and developing economies, using shift-share instruments and correcting for indirect flows. It...
Persistent link: https://www.econbiz.de/10015058746
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Dirty Dance: Tourism and Environment
Cevik, Serhan - 2022
empirically investigates the impact of tourism on CO2 emissions in a relatively homogenous panel of 15 Caribbean countries over …Tourism was one of the fastest-growing sectors before the COVID-19 pandemic, accounting for about 10 percent of global … countries where the carbon footprint of tourism constitute substantial share of carbon dioxide (CO2) emissions. This study …
Persistent link: https://www.econbiz.de/10015060122
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Bivariate Assessments of Real Exchange Rates Using PPP Data
Zalduendo, Juan - 2008
This paper focuses on assessments of real exchange rates using PPP data and examines their limitations when these are based exclusively on bivariate estimations. It begins by presenting an analytical framework of the real exchange rate that shows that these estimations make many restrictive...
Persistent link: https://www.econbiz.de/10012677617
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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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Caribbean growth in an international perspective : the role of tourism and size
Thacker, Nita; Acevedo, Sebastian; Perrelli, Roberto - 2012
is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant …
Persistent link: https://www.econbiz.de/10009659894
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Tourism Specialization and Economic Development
Piotrowski, John M. - 2009
The present paper investigates whether tourism specialization is a viable strategy for development. We estimate … standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques … for a large cross-section of countries for the period 1980-2002. We introduce an instrument for tourism based on the …
Persistent link: https://www.econbiz.de/10012677835
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Are the Asia and Pacific Small States Different from Other Small States?
Tumbarello, Patrizia; Cabezon, Ezequiel; Wu, Yiqun - International Monetary Fund (IMF) - 2013
The small states of the Asia and Pacific region face unique challenges in raising their growth potential and living standards relative to other small states due to their small populations, geographical isolation and dispersion, narrow export and production bases, exposure to shocks, and heavy...
Persistent link: https://www.econbiz.de/10010790232
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Forecasting Inflation in Sudan
Moriyama, Kenji - 2009
This paper forecasts inflation in Sudan following two methodologies: the Autoregressive Moving Average (ARMA) model and by looking at the leading indicators of inflation. The estimated ARMA model remarkably tracks the actual inflation during the sample period. The Granger causality test suggests...
Persistent link: https://www.econbiz.de/10012677800
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Much Ado About Nothing? Estimating the Impact of a U.S. Slowdown on Thai Growth
Aiyar, Shekhar - 2008
's largest export destination. We use a small structural model and Bayesian estimation to assess the possible impact of a U …
Persistent link: https://www.econbiz.de/10012677605
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Political Institutions and Output Collapses
Imam, Patrick - 2023
Major output collapses are costly and frequent in the developing world. Using cross-country data, we classify five-year periods using a two-dimensional state space based on growth regimes and political institutions. We then model the joint evolution of output growth and political institutions as...
Persistent link: https://www.econbiz.de/10015059959