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International R and D Spillovers and Institutions
Hoffmaister, Alexander W. - 2008
The empirical analysis in ""International R&D Spillovers"" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in...
Persistent link: https://www.econbiz.de/10014400689
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Corruption, Growth, and Public Finances
Tanzi, Vito - 2000
enterprises, on the allocation of talent, and on investment. It also discusses the impact of corruption on some aspects of public …
Persistent link: https://www.econbiz.de/10014403515
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The Feldstein-Horioka Test of International Capital Mobility : Is it Feasible?
Jansen, W. J. - 1996
Feldstein and Horioka (1980) argued that the correlation of saving and investment in a cross-section of countries may … investment should be cointegrated over time. Simulations show that the cross-section regressions used in the literature will …
Persistent link: https://www.econbiz.de/10014398034
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Current Account Norms in Natural Resource Rich and Capital Scarce Economies
Araujo, Juliana Dutra - 2013
constraints and providing a key financing source for public investment in RRDCs, temporary resource revenues might then be … public investment and several frictions that capture pervasive features in RRDCs, including absorptive capacity constraints …, inefficiencies in investment, and borrowing constraints that can be relaxed when natural resources lower the country risk premium …
Persistent link: https://www.econbiz.de/10014395297
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Leaning against the wind : a cost-benefit analysis for an integrated policy framework
Brandao Marques, Luis; Gelos, Gaston; Narita, Machiko; … - 2020
This paper takes a new approach to assess the costs and benefits of using different policy tools-macroprudential, monetary, foreign exchange interventions, and capital flow management-in response to changes in financial conditions. The approach evaluates net benefits of policies using quadratic...
Persistent link: https://www.econbiz.de/10012299315
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The Benefits and Costs of Intervening in Banking Crises
Frydl, Edward J. - 2000
This paper provides a framework to assess the benefits and costs of intervening in a banking crisis. Intervention involves liquidity support and resolution actions. Principal benefits of intervention include avoiding panic and eliminating the economic costs of distorted incentives. Principal...
Persistent link: https://www.econbiz.de/10014403507
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Optimal Precautionary Reserves for Low-Income Countries : A Cost-Benefit Analysis
Dabla-Norris, Era - 2011
This paper develops a cost-benefit approach that helps to quantify the optimal level of international reserves in low-income countries, focusing on the role of reserves in preventing and mitigating absorption drops triggered by large external shocks. The approach is applied to a sample of 49...
Persistent link: https://www.econbiz.de/10014397895
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Commodity price volatility and the sources of growth
Cavalcanti, Tiago; Mohaddes, Kamiar; Raissi, Mehdi - 2012
Persistent link: https://www.econbiz.de/10009424700
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Impact of demographic changes on inflation and the macroeconomy
Yoon, Jong-won; Kim, Jinill; Lee, Jungjin - 2014
Persistent link: https://www.econbiz.de/10010479415
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Limits to private climate change mitigation
Elmalt, Dalya; Igan, Deniz; Kirti, Divya - 2021
world. Discouragingly, our analysis uncovers at best a weak relationship: firms with better ESG scores do display somewhat …
Persistent link: https://www.econbiz.de/10012605057