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Demographics, old-age transfers and the current account
Dao, Mai; Jones, Callum - 2018
Building on the evolving literature on the topic, this paper reviews the relationship between demographics and long …-run capital flows in both theory and in the data. For this purpose, we develop a two region overlapping generations model where … countries differ in their population growth and mortality risk. Besides exploring the implications of demographics for saving …
Persistent link: https://www.econbiz.de/10011978549
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Dynamiccs of Asian Savings : Role of Growth and Age Structure
International Monetary Fund - 1988
This paper shows how growth and demography, two important determinants of the savings rate in the life-cycle approach, explain a large part of the diversity in savings behavior in Asia across eight countries as well as over time. Inflation and adverse movements in the terms of trade are found to...
Persistent link: https://www.econbiz.de/10014396475
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The Enforcement of Property Rights and Underdevelopment
Dabla-Norris, Era - 1999
This paper formalizes the role of legal infrastructure in economic development in a general equilibrium model with endogenously determined property rights enforcement. It illustrates the mutual importance of property rights protection and market production by the model’s multiplicity of...
Persistent link: https://www.econbiz.de/10014400855
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Policy Inconsistency and External Debt Service
International Monetary Fund - 1990
In this paper it is argued that the willingness of debtors to make external debt-service payments reflects, in part, their inability to credibly and permanently suspend debt service. The benefits of a credible debt-service suspension would include increased private investment. But this would, in...
Persistent link: https://www.econbiz.de/10014396327
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What drives the global land rush?
Arezki, Rabah - 2011
Persistent link: https://www.econbiz.de/10009422237
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What Drives the Global Land Rush?
Selod, Harris - 2011
This paper studies the determinants of foreign land acquisition for large-scale agriculture. To do so, gravity models are estimated using data on bilateral investment relationships, together with newly constructed indicators of agro-ecological suitability in areas with low population density as...
Persistent link: https://www.econbiz.de/10014397824
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Growth and Capital Flows with Risky Entrepreneurship
Sandri, Damiano - 2010
This paper shows that the behavior of entrepreneurs facing incomplete financial markets and risky investment can explain why growth accelerations in developing countries tend to be associated with current account improvements. The uninsurable risk of losing invested capital forces entrepreneurs...
Persistent link: https://www.econbiz.de/10014404314
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Investment, Uncertainty, and Irreversibility in Ghana
Pattillo, Catherine A. - 1997
Panel data on Ghanaian manufacturing firms are used to test predictions from models of irreversible investment under uncertainty. Information on the entrepreneur’s subjective probability distribution over future demand for the firm’s products is used to construct the expected variance of...
Persistent link: https://www.econbiz.de/10014403297
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Korea's growth prospects : overcoming demographics and COVID-19
Swiston, Andrew - 2021
Korea's economy has leaped to high-income status thanks to several decades of sustained high growth. However, population aging and shifts in global demand provide headwinds for future growth and Korea now faces the effects of COVID-19 on economic activity. This paper asseses the expected drag on...
Persistent link: https://www.econbiz.de/10012604751
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Demographic transition and pension reforms : adding demographics to GIMF
Carton, Benjamin; Fernandez-Corugedo, Emilio; Hunt, … - 2020
of the macroeconomic consequences of changing demographics …
Persistent link: https://www.econbiz.de/10012300678