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risk sharing. This paper provides a comprehensive empirical evaluation of the patterns of risk sharing among different … a variety of empirical techniques, we conclude that there is at best a modest degree of international risk sharing, and … certainly nowhere near the levels predicted by theory. In addition, only industrial countries have attained better risk sharing …
Persistent link: https://www.econbiz.de/10014400319
improved since the mid-1980s; that private investment is mostly influenced by the risk of expropriation, the degree of civil … liberty, and the degree of independence of the bureaucracy; and that economic growth is affected by the risk of expropriation …
Persistent link: https://www.econbiz.de/10014400780
Persistent link: https://www.econbiz.de/10012487235
This paper examines the effect of international trade on corporate market power in emerging market economies and developing countries, with a special focus on sub-Saharan Africa. The analysis is based on a large firm-level dataset, tariff data by sector and agreggate indicators of international...
Persistent link: https://www.econbiz.de/10012299347
This paper contributes to the literature by introducing the role of geographic concentration of the source of remittances. Specifically, using data over 2010-2015 for 72 developing countries, we study the impact of (i) large remittances and (ii) the geographic concentration of the source of...
Persistent link: https://www.econbiz.de/10012252729
Over the past seven years, the DIG and DIGNAR models have complemented the IMF and World Bank debt sustainability framework (DSF) analysis, over 65 country applications. They have provided useful insights in the context of program and surveillance work, based on qualitative and quantitative...
Persistent link: https://www.econbiz.de/10012009611
This paper estimates the causal effect of fiscal rules on political budget cycles in a sample of 67 developing countries over the period 1985-2007. We exploit the geographical pattern in the adoption of fiscal rules to isolate an exogenous source of variation in the adoption of national fiscal...
Persistent link: https://www.econbiz.de/10012155128
Persistent link: https://www.econbiz.de/10009572530
Persistent link: https://www.econbiz.de/10009424831