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Corruption, Structural Reforms, and Economic Performance in the Transition Economies

Abed, George T. - 2000

hypothesis that corruption is largely a symptom of underlying weaknesses in public policies and institutions, a formulation that …

Persistent link: https://www.econbiz.de/10014399961

Current Account Norms in Natural Resource Rich and Capital Scarce Economies

Araujo, Juliana Dutra - 2013

The permanent income hypothesis implies that frictionless open economies with exhaustible natural resources should save abroad most of their resource windfalls and, therefore, feature current account surpluses. Resource-rich developing countries (RRDCs), on the other hand, face substantial...

Persistent link: https://www.econbiz.de/10014395297

Income inequality in small states and the Caribbean : stylized facts and determinants

McIntyre, Meredith A.; Bejar, Pablo; Komatsuzaki, Takuji; … - 2021

Rising income inequality has emerged as a major policy issue facing policymakers, but there is a dearth of empirical work on inequality in small states, including the Caribbean. Despite data limitations, the empirical analysis using a sample of small states finds that increased openness and...

Persistent link: https://www.econbiz.de/10012518290

Will the AI revolution cause a great divergence?

Alonso, Cristian; Berg, Andrew; Kothari, Siddharth; … - 2020

This paper considers the implications for developing countries of a new wave of technological change that substitutes pervasively for labor. It makes simple and plausible assumptions: the AI revolution can be modeled as an increase in productivity of a distinct type of capital that substitutes...

Persistent link: https://www.econbiz.de/10012302048

International Capital Flows and Development : Financial Openness Matters

Ricci, Luca Antonio - 2010

Does capital flow from rich to poor countries? We revisit the Lucas paradox and explore the role of capital account restrictions in shaping capital flows at various stages of economic development. We find that, when accounting for the degree of capital account openness, the prediction of the...

Persistent link: https://www.econbiz.de/10014397575

Institutions Rule : The Primacy of Institutions Over Integration and Geography in Economic Development

Subramanian, Arvind - 2002

We estimate the respective contributions of institutions, geography, and trade in determining cross-country income … levels using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions … ""trumps"" everything else. Controlling for institutions, geography have at best weak direct effects on incomes, although it …

Persistent link: https://www.econbiz.de/10014401492

Financial Development, Financial Fragility, and Growth

Loayza, Norman - 2005

This paper studies the apparent contradictions between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic credit...

Persistent link: https://www.econbiz.de/10014404211

The Real Exchange Rate and Growth Revisited : The Washington Consensus Strikes Back?

Berg, Andrew - 2010

There is good reason and much evidence to suggest that the real exchange rate matters for economic growth, but why? The ""Washington Consensus"" (WC) view holds that real exchange rate misalignment implies macroeconomic imbalances that are themselves bad for growth. In contrast, Rodrik (2008)...

Persistent link: https://www.econbiz.de/10014402799

Corruption, Growth, and Public Finances

Tanzi, Vito - 2000

The paper discusses some channels through which corruption affects growth such as the impact of corruption on enterprises, on the allocation of talent, and on investment. It also discusses the impact of corruption on some aspects of public finance

Persistent link: https://www.econbiz.de/10014403515

The "fiscal presource curse" : giant discoveries and debt sustainability

Ruzzante, Matteo; Souza Sobrinho, Nelson Ferreira - 2022

, debt distress episodes, specially in countries with weaker political institutions and governance. This evidence suggest …

Persistent link: https://www.econbiz.de/10013170580

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