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Income and Democracy; Lipset's Law Revisited
Hoeffler, Anke; Bates, Robert H.; Fayad, Ghada - International Monetary Fund (IMF) - 2012
democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …We revisit Lipset‘s law, which posits a positive and significant relationship between income and democracy. Using …
Persistent link: https://www.econbiz.de/10011242229
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Income and democracy : Lipset's law revisited
Fayad, Ghada; Bates, Robert H.; Hoeffler, Anke - 2012
democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …We revisit Lipset?s law, which posits a positive and significant relationship between income and democracy. Using …
Persistent link: https://www.econbiz.de/10009679679
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A Model of Sovereign Debt in Democracies
Alichi, Ali - 2008
sovereign debt is to maintain access to international capital markets. However, in a democracy, one generation may choose …
Persistent link: https://www.econbiz.de/10012677458
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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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Geopolitics and International Trade: The Democracy Advantage
Cevik, Serhan - 2024
to the question by analyzing the joint impact of democracy and geopolitical distance between countries with an augmented … distance in determining bilateral trade flows and that democracy fosters international trade and moderates the potential … negative impact of geopolitics. While the impact of democracy and its interaction with geopolitical distance are significant …
Persistent link: https://www.econbiz.de/10015058709
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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
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Financial intermediation costs in low-income countries : the role of regulatory, institutional, and macroeconomic factors
Poghosyan, Tigran - 2012
We analyze factors driving persistently higher financial intermediation costs in low-income countries (LICs) relative to emerging market (EMs) country comparators. Using the net interest margin as a proxy for financial intermediation costs at the bank level, we find that within LICs a...
Persistent link: https://www.econbiz.de/10009615784
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Tariff-tax reforms in large economies
Ganelli, Giovanni; Tervala, Juha - 2012
This paper studies tariff-tax reforms in a calibrated two-region global New Keynesian model composed of a developing and an advanced region. In our baseline calibration, a revenue-neutral reform that lowers tariffs in developing countries can reduce domestic welfare. The reason is that the...
Persistent link: https://www.econbiz.de/10009615785