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We document that (i) although private investment growth in emerging markets has decelerated in recent years, it came … down from cyclical highs and remains close to pre-crisis trends; and (ii) investment-to-output ratios generally remain … close to or above historical averages. We show that investment is positively related to expect future profitability, cash …
Persistent link: https://www.econbiz.de/10014412025
The literature on the investment technology of foreign versus domestic investors has inconclusive results. This paper …
Persistent link: https://www.econbiz.de/10014395250
This paper discusses the rising profile of natural gas in global energy, factors constraining its further development, the gas contracting process, and the absence of a global market, which is analyzed in the context of the economic rent in the gas price and the opaque nature of gas contracts. A...
Persistent link: https://www.econbiz.de/10014401810
This paper empirically assesses the role of structural and institutional reforms in driving productivity growth across countries at different stages of development, using a distance-to-frontier framework. It gauges whether particular policies and reforms matter more for increasing productivity...
Persistent link: https://www.econbiz.de/10011436763
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This article documents recent developments in emerging markets in the context of the COVID-19 pandemic, assesses their prospects and challenges, and discusses appropriate policy settings for the medium term. It argues that EM policymakers' ability to grapple with an incomplete and uneven...
Persistent link: https://www.econbiz.de/10013170245
The US economy is often referred to as the "banker to the world," due to its unique role in supplying global reserve … assets and funding foreign risky investment. This paper develops a general equilibrium model to analyze and quantify the …
Persistent link: https://www.econbiz.de/10012796314
Classical theories of monetary economics predict that real stock returns are negatively correlated with inflation when monetary policy is countercyclical. Previous empirical studies mostly focus on a small group of developed countries or a few countries with hyperinflation. In this paper, I...
Persistent link: https://www.econbiz.de/10012796818