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Despite relatively fast economic growth over the past few years, Cape Verde’s public debt to GDP ratio has risenrapidly. Achieving an appropriate balance among public investment, growth, and debt sustainability has become a priority for the Cape Verdean authorities. The IMF-World Bank debt...
Persistent link: https://www.econbiz.de/10012671559
In the last decade Cape Verde has experienced a strong accumulation of emigrant deposits. These deposits have provided much needed foreign exchange to the country, adding support to the exchange rate peg. This paper studies the long-run determinants of emigrant deposits with respect to risk,...
Persistent link: https://www.econbiz.de/10014400380
In recent years, recommendations for countries to unilaterally dollarize/eurorize have become common, particularly when the countries lack economic credibility. After exploring the characteristics of dollarizing/eurorizing economies, we look at the merits and costs of unilateral eurorization for...
Persistent link: https://www.econbiz.de/10014402477
After impressive growth in the 2000s, China's productivity has more recently stagnated. We use firm-level data to … analyze productivity and firm dynamism trends from 2003 to 2018. We document six facts that together show a decline in China … relative to older incumbents has slowed, (iii) weaker life-cycle growth can be explained by slower productivity growth and …
Persistent link: https://www.econbiz.de/10013170240
Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality …
Persistent link: https://www.econbiz.de/10014396587
-country differences in total factor productivity (TFP) levels. Two differences distinguish this analysis from that of the related …
Persistent link: https://www.econbiz.de/10014400197
This paper examines the role of removing obstacles to competition in product markets in raising growth and productivity … deregulation in network sectors on value added and productivity of firms in these sectors, as well as firms using these …
Persistent link: https://www.econbiz.de/10011711558
Persistent link: https://www.econbiz.de/10012605015
time, industry-level analysis suggests ample scope to raise productivity, especially in services where productivity gains …
Persistent link: https://www.econbiz.de/10012604751
. Using cross-country enterprise survey data, this paper shows that firms engaged in e-commerce have higher productivity and … percent higher productivity and generate about 50 percent more of their revenues from exports. The results presented in this … productivity and exports when essential elements are in place for its effective use, such as reliable electricity …
Persistent link: https://www.econbiz.de/10012102077