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Das (Wasted) Kapital : Firm Ownership and Investment Efficiency in China

Dollar, David - 2007

Based on a survey that we designed and that covers a stratified random sample of 12,400 firms in 120 cities in China with firm-level accounting information for 2002-2004, this paper examines the presence of systematic distortions in capital allocation that result in uneven marginal returns to...

Persistent link: https://www.econbiz.de/10014400359

Service offshoring, Productivity, and Employment : Evidence From the United States

Amiti, Mary - 2005

This paper estimates the effects of offshoring on productivity in U.S. manufacturing industries between 1992 and 2000 … has a significant positive effect on productivity in the US, accounting for around 11 percent of productivity growth … during this period. Offshoring material inputs also has a positive effect on productivity, but the magnitude is smaller …

Persistent link: https://www.econbiz.de/10014401505

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

Collateral Damage : Exchange Controls and International Trade

Zhang, Zhiwei - 2007

While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To...

Persistent link: https://www.econbiz.de/10014400231

Financial Globalization : A Reappraisal

Kose, M. Ayhan - 2006

The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years, but along many disparate channels and with a variety of apparently conflicting results. For instance, there is still little robust evidence of the growth benefits of broad...

Persistent link: https://www.econbiz.de/10014401981

Monetary Policies for Developing Countries : The Role of Corruption

Huang, Haizhou - 2003

This paper examines the role of corruption in the design of monetary policies for developing countries in a framework of fiscal and monetary interaction and obtains several interesting results. First, pegged exchange rates, currency boards, or dollarization, while often prescribed as a solution...

Persistent link: https://www.econbiz.de/10014400002

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

International Reserves : Precautionary vs. Mercantilist Views, Theory, and Evidence

Aizenman, Joshua - 2005

This paper compares the importance of precautionary and mercantilist motives in the hoarding of international reserves by developing countries. Overall, empirical results support precautionary motives; in particular, a more liberal capital account regime increases international reserves....

Persistent link: https://www.econbiz.de/10014402041