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Export Orientation and Productivity in Sub-Saharan Africa

Pattillo, Catherine A. - 2002

total factor productivity premium of 11-28 percent. The data do not allow testing of whether these premiums are caused by … data, we cannot disentangle its effect on productivity from those of more traditionally recognized channels of …

Persistent link: https://www.econbiz.de/10014401730

Global shocks and their impact on low-income countries : lessons from the global financial crisis

Berg, Andrew; Papageorgiou, Chris; Pattillo, Catherine A.; … - 2011

Persistent link: https://www.econbiz.de/10009487100

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

Assessing bias and accuracy in the World Bank-IMF's debt sustainability framework for low-income countries

Berg, Andrew; Berkes, Enrico; Pattillo, Catherine A.; … - 2014

Persistent link: https://www.econbiz.de/10010359920

Capital account opening, international reserves, and development : evidence and some policy controversies

Aizenman, Joshua - In: NBER reporter online (2003/2004) 3, pp. 9-12

Persistent link: https://www.econbiz.de/10011366907

Global Shocks and their Impacton Low-Income Countries : Lessons From theglobal Financial Crisis

Papageorgiou, Chris - 2011

This paper investigates the short-run effects of the 2007-09 global financial crisis on growth in (mainly non-fuel exporting) low-income countries (LICs). Four conclusions stand out. First, for many individual LICs, 2009 was not extraordinarily calamitous; however, aggregate LIC output declined...

Persistent link: https://www.econbiz.de/10014403087

Macroeconomic Adjustment with Segmented Labor Markets

Aizenman, Joshua - 1994

This paper analyzes the macroeconomic effects of fiscal and labor market policies in developing countries. The basic framework considers a small open economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency...

Persistent link: https://www.econbiz.de/10014396485

External Debt and Growth

Poirson, Hélène - 2002

This paper assesses the non linear impact of external debt on growth using a large panel data set of 93 developing countries over 1969–98. Results are generally robust across different econometric methodologies, regression specifications, and different debt indicators. For a country with...

Persistent link: https://www.econbiz.de/10014399586

What Are the Channels Through Which External Debt Affects Growth?

Poirson, Hélène - 2004

through factor accumulation or total factor productivity growth. It also tests for the presence of nonlinearities in the … physical capital accumulation and on total factor productivity growth. On average, for high-debt countries, doubling debt will … reduce output growth by about 1 percentage point and reduce both per capita physical capital and total factor productivity …

Persistent link: https://www.econbiz.de/10014404136

Are Donor Countries Giving More or Less Aid?

Gupta, Sanjeev - 2006

The volume of foreign aid has increased during the last four decades, albeit with interruptions in certain years. Over time, the major recipients have changed: while the share of aid to Asia has diminished since the 1980s, that destined for sub-Saharan Africa has grown. There is some evidence...

Persistent link: https://www.econbiz.de/10014402394