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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
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How Does Globalization Affect the Synchronization of Business Cycles?
Kose, M. Ayhan - 2003
wisdom that globalization has increased the degree of synchronization of business cycles. The evidence that trade and …
Persistent link: https://www.econbiz.de/10014404021
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Global Business Cycles : Convergence or Decoupling?
Kose, M. Ayhan - 2008
globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies …
Persistent link: https://www.econbiz.de/10014401282
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Debt build-up in frontier Low-Income Developing Countries (LIDCs) since 2012 : global or country-specific factors and way forward?
De Soyres, Constance; Rogantini Picco, Anna; Sab, Randa - 2019
This paper focuses on the debt build-up that frontier low-income developing countries (LIDCs) have faced since 2012. First, it documents a 20-percentage point increase in the external and government debt-to-GDP ratios, a composition shift toward higher non-concessional debt, and a rise in...
Persistent link: https://www.econbiz.de/10012009382
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Does Financial Globalization Induce Better Macroeconomic Policies?
Wei, Shang-Jin - 2004
Monetary and fiscal policies around the world are in better shape today than two decades ago. This paper studies … whether financial globalization has helped induce governments to pursue better macroeconomic policies (the ""discipline effect … robust causal evidence. There is some evidence that financial globalization may have induced countries to pursue low …
Persistent link: https://www.econbiz.de/10014400935
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Labor market regulations in low-, middle- and high-income countries : a new panel database
Aleksynska, Mariya; Schindler, Martin - 2011
Persistent link: https://www.econbiz.de/10009424813
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Currency Crises in Developed and Emerging Market Economies : A Comparative Empirical Treatment
Fontaine, Thomson - 2005
This paper takes a step in empirically testing the implications of a number of theoretical models that attempt to highlight the dynamics behind currency crises. By focusing on countries with broadly disparate economic and political arrangements, the study attempts to determine the extent to...
Persistent link: https://www.econbiz.de/10014400634
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The Determinants of Banking Crises : Evidence From Developing and Developed Countries
Demirgüç-Kunt, Asli - 1997
The paper studies the factors associated with the emergence of systemic banking crises in a large sample of developed and developing countries in 1980–94, using a multivariate logit econometric model. The results suggest that crises tend to erupt when the macroeconomic environment is weak,...
Persistent link: https://www.econbiz.de/10014403253
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North-South RandD Spillovers
Helpman, Elhanan - 1994
We examine the extent to which developing countries that do little, if any, research and development themselves benefit from R&D that is performed in the industrial countries. By trading with an industrial country that has a large “stock of knowledge” from its cumulative R&D activities, a...
Persistent link: https://www.econbiz.de/10014398245
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Trade and inclusive growth
Bacchetta, Marc; Cerra, Valerie; Piermartini, Roberta; … - 2021
This paper surveys the literature on the relationship between international trade and inclusive growth. It examines claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition, especially from EMEs like China, spurring trade tensions and...
Persistent link: https://www.econbiz.de/10012518909