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The legacy of non-performing loans and high opportunity cost of government financing of bank recapitalization impeded the efficiency of financial intermediation and are an important policy issue in Vietnam. This paper presents a theoretical and empirical analysis of the issue. An empirical...
Persistent link: https://www.econbiz.de/10012103676
We assess the aggregate productivity impact of distortions arising from labor regulations in Mexico and how they … but small impacts on aggregate productivity …
Persistent link: https://www.econbiz.de/10012154849
the impact and determinants of sectoral changes and of the degree of dualism (or allocation inefficiency) in a dual …
Persistent link: https://www.econbiz.de/10014399960
productivity, while import liberalization has ambiguous effects. Resource misallocation can either amplify, dampen or reverse the … productivity gains. Guided by theory, we provide evidence consistent with these effects operating through reallocations across … firms in the presence of distortions: (i) Both export and import expansion increase average firm productivity, but the …
Persistent link: https://www.econbiz.de/10012301837
-distributed firm productivity, which has become a tractable benchmark. This benchmark model predicts that, conditional on the fixed …-level productivity, fixed costs and demand shifters, and use 'exact hat algebra' to quantify the effects of a decline in trade costs on …
Persistent link: https://www.econbiz.de/10011978438
Persistent link: https://www.econbiz.de/10009572379
Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a … ""balanced"" one in which China''s productivity grows at the same rate in each sector, and an ""unbalanced"" one in which China …''s comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well …
Persistent link: https://www.econbiz.de/10014396905
This paper estimates the effects of trade liberalization on plant productivity. In contrast to previous studies, we … distinguish between productivity gains arising from lower tariffs on final goods relative to lower tariffs on intermediate inputs …. Lower output tariffs can produce productivity gains by inducing tougher import competition whereas cheaper imported inputs …
Persistent link: https://www.econbiz.de/10014400616
In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization in goods and services and is expected to eventually cover all African countries. Using a...
Persistent link: https://www.econbiz.de/10012102028
The paper evaluates the impact of HIV/AIDS on welfare in several countries affected by the HIV/AIDS epidemic. Unlike studies focusing on the impact of HIV/AIDS on GDP per capita, we evaluate the impact of increased mortality using estimates of the value of statistical life. Our results...
Persistent link: https://www.econbiz.de/10014403663