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Human Capital Convergence : International Evidence
Sab, Randa - 2001
In the growth literature, evidence on income convergence is mixed. In the development literature, health and education … indicators are also often used. This study examines whether health and education levels are converging across countries and … human capital convergence. The results confirm that investments in education and health are closely linked. We find …
Persistent link: https://www.econbiz.de/10014403631
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Forecasting and monetary policy analysis in low-income countries : food and non-food inflation in Kenya
Andrle, Michal; Berg, Andrew; Morales, R. Armando; … - 2013
Persistent link: https://www.econbiz.de/10009726525
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What Are the Channels Through Which External Debt Affects Growth?
Poirson, Hélène - 2004
This paper investigates the channels through which debt affects growth, specifically whether debt affects growth through factor accumulation or total factor productivity growth. It also tests for the presence of nonlinearities in the effects of debt on the different sources of growth. We use a...
Persistent link: https://www.econbiz.de/10014404136
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Forecasting and Monetary Policy Analysis in Low-Income Countries : Food and non-Food Inflation in Kenya
Andrle, Michal - 2013
We develop a semi-structural new-Keynesian open-economy model, with separate food and non-food inflation dynamics, for forecasting and monetary policy analysis in low-income countries and apply it to Kenya. We use the model to run several policy-relevant exercises. First, we filter international...
Persistent link: https://www.econbiz.de/10014395318
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Macroeconomic Adjustment with Segmented Labor Markets
Aizenman, Joshua - 1994
This paper analyzes the macroeconomic effects of fiscal and labor market policies in developing countries. The basic framework considers a small open economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency...
Persistent link: https://www.econbiz.de/10014396485
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Exchange Restrictions and Devaluation Crises
Agénor, Pierre-Richard - 1990
This paper develops a model of devaluation crises for an economy where foreign exchange restrictions lead to the emergence of a parallel market. The devaluation rule relates the size of the parity change to the spread between the official and parallel exchange rates. The mechanism that triggers...
Persistent link: https://www.econbiz.de/10014396010
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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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IMF-supported programs and income convergence in low-income countries
Pradhan, Tejesh; Al-Sadiq, Ali J. - 2018
Continuing the empirical debate on the effects of IMF-supported programs on participating countries' macroeconomic performance, we focus on the issue of whether these programs accelerate conditional AY-convergence among low-income countries (LICs). We use an unbalanced panel dataset for 85 LICs...
Persistent link: https://www.econbiz.de/10011978702
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The Elusive Gains From International Financial Integration
Gourinchas, Pierre-Olivier - 2004
Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this...
Persistent link: https://www.econbiz.de/10014402004
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Public and Private Investment and the Convergence of Per Capita Incomes in Developing Countries
Khan, Mohsin S. - 1993
This paper examines the extent to which there has been convergence in real per capita incomes across developing countries during the last two decades. In the analysis particular emphasis is placed on the separate roles played by private and public sector investment in determining both the extent...
Persistent link: https://www.econbiz.de/10014398433