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Revisiting the link between trade, growth and inequality : lessons for Latin America and the Caribbean
Beaton, Kimberly; Cebotari, Aliona; Komaromi, Andras - 2017
We revisit the relationship between international trade, economic growth and inequality with a focus on Latin America and the Caribbean. The paper combines two approaches: First, we employ a cross-country panel framework to analyze the macroeconomic effects of international trade on economic...
Persistent link: https://www.econbiz.de/10011716658
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Why economic growth trends differ so much across developing countries : the globalization debate and its relevance to Pakistan
Nunnenkamp, Peter - 2002
The claim of globalization critics that the income gap to industrial countries is bound to widen for essentially all … developing countries as a consequence of economic globalization is in conflict with empirical evidence. Economic performance … and foreign indebtedness which may explain the varying experience with globalization in regard to per capita income growth …
Persistent link: https://www.econbiz.de/10011495392
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Once Again, is Openness Good for Growth?
International Monetary Fund - 2004
Rodriguez and Rodrik (2000) argue that the relation between openness and growth is still an open question. One of the main problems in the assessment of the effect is the endogeneity of the relation. In order to address this issue, this paper applies the identification through heteroskedasticity...
Persistent link: https://www.econbiz.de/10014401435
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Facing the global financial cycle : what role for policy responses?
Batini, Nicoletta; Durand, Luigi - 2021
Abstract In this paper we ask whether countries can influence their exposure to changes in global financial conditions. Specifically, we show that even though we can model cross-country capital flows via a global factor that closely tracks changes in global financial conditions, there is a large...
Persistent link: https://www.econbiz.de/10012518283
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Global financial cycles since 1880
Potjagailo, Galina; Wolters, Maik H. - 2019
globalization from 1880 to 1913 and the Great Depression. We find that joint global dynamics across various financial quantities and …
Persistent link: https://www.econbiz.de/10011987786
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Financial openness and business cycle volatility
Buch, Claudia M.; Döpke, Jörg; Pierdzioch, Christian - 2002
This paper discusses whether the integration of international financial markets affects business cycle fluctuations. In the framework of a new open economy macro-model, we show that the link between financial openness and business cycle volatility depends on the nature of the underlying shock....
Persistent link: https://www.econbiz.de/10011475038
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Aid and growth accelerations : an alternative approach to assess the effectiveness of aid
Dovern, Jonas (contributor); Nunnenkamp, Peter (contributor) - 2006
conditional probability of growth accelerations. This result holds across different estimation methods. Short-impact aid is found …
Persistent link: https://www.econbiz.de/10003373622
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Government ideology in donor and recipient countries : does political proximity matter for the effectiveness of aid?
Dreher, Axel; Minasyan, Anna; Nunnenkamp, Peter - 2013
effects of aid. Following the estimation approach of Clemens et al. (2012), we find that aid tends to be less effective when …
Persistent link: https://www.econbiz.de/10010128857
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Debt, investment, and growth in developing countries with segmented labor markets
Buffie, Edward F.; Zanna, Luis-Felipe; Adam, Christopher S. - 2020
We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector....
Persistent link: https://www.econbiz.de/10012252029
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Exploring the output effect of fiscal policy shocks in low income countries
Honda, Jiro; Miyamoto, Hiroaki; Taniguchi, Mina - 2020
statistically significant output effect under floating exchange rate regimes. For the estimation of the output effects of fiscal …
Persistent link: https://www.econbiz.de/10012252736