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This paper develops an adaptive learning model under uncertainty that examines evolution of capital account polices over time and across developing regions. In the framework, countries' past experiences and IMF programs influence policymakers' beliefs about the impact of capital account...
Persistent link: https://www.econbiz.de/10013029623
Since the 1995 inception of the World Trade Organization (WTO), developing countries have become some of the most …
Persistent link: https://www.econbiz.de/10012553835
development. This paper looks at what the cross-country aid effectiveness literature and World Bank Operations Evaluation …
Persistent link: https://www.econbiz.de/10012553827
We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...
Persistent link: https://www.econbiz.de/10012750944
The Millennium Development Goals set quantitative targets for poverty reduction and improvements in health, education, gender equality, the environment, and other aspects of human welfare. At existing rates of progress many countries will fall short of these goals. However, if developing...
Persistent link: https://www.econbiz.de/10012559580
The authors revisit the relationship between aid and growth using a new data set focusing on the 1990s. The evidence supports the view that the impact of aid depends on the quality of state institutions and policies. The authors use an overall measure of institutions and policies popular in the...
Persistent link: https://www.econbiz.de/10012559666
developing countries in the world economy and the emerging multi-polar growth setting. It evaluates the stability of the current …, the paper evaluates the stability of the emerging system, as well as the current proposals for reform of the international …
Persistent link: https://www.econbiz.de/10012554502
of the medieval world. It comes at a time when innovation had already been stagnating under guild-like corporate … industrial revolution (4IR) to a premature end. Hence the post-COVID-19 world may be left with trade as the only engine for … industrialization for the foreseeable future. If the global community fails to fix the multilateral trade system, the world may start to …
Persistent link: https://www.econbiz.de/10013315031
accession to the World Trade Organization (WTO) on the regions of Russia. We estimate that the average gain in welfare as a …
Persistent link: https://www.econbiz.de/10012553836
In response to concerns over the efficacy of the WTO dispute settlement system, especially in regard to its use by developing countries, Mexico has tabled a proposal to introduce tradable remedies within the Dispute Settlement Understanding. The idea is that a country that has won cause before...
Persistent link: https://www.econbiz.de/10012559767