Showing 1 - 10 of 330
Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...
Persistent link: https://www.econbiz.de/10013325040
We examine how emerging market (EM) investors allocate their stock portfolios internationally. Using both country-level and institution-level data, we find that the coming wave of EM investors systematically over- and under-weight their holdings in some target countries. These abnormal foreign...
Persistent link: https://www.econbiz.de/10013013596
This study estimates a Keynesian simultaneous, dynamic macroeconometric model to investigate the impact of remittances … multipliers indicate that impact of remittances on consumption, imports and income are all positive and reduce gradually while … due to remittances through the multiplier process. The remittances-induced output growth rate is highest during the early …
Persistent link: https://www.econbiz.de/10013134982
There is considerable debate regarding the relative contribution of international migrants' remittances to sustainable … economic development. While the rates and levels of officially recorded remittances to developing countries has increased … enormously over the last decade, academic and policy-oriented research has not come to a consensus over whether remittances …
Persistent link: https://www.econbiz.de/10012778485
This paper investigates the impact of remittances on poverty and inequality in Nigeria. In contrast to the existing … impact of remittances for households at different levels of the conditional expenditure distribution. Furthermore, in tracing … this heterogeneous impact, we are able to address the effect of remittances on poverty and inequality simultaneously in a …
Persistent link: https://www.econbiz.de/10012922449
We analyze how globalization has affected the sectoral anatomy of regional growth in Germany over the period 1978-2008. The aggregate German economy is characterized by a secular decline of manufacturing and a rise of modern service industries. This trend– also known as Petty's law – is not...
Persistent link: https://www.econbiz.de/10013054568
We document the recent phenomenon of uphill flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find that there is a positive correlation between current...
Persistent link: https://www.econbiz.de/10013316680
We study the dispersion in rates of provincial economic- and TFP growth in China. Our results show that regional growth patterns can be understood as a function of several interrelated factors, which include investment in physical capital, human capital, and infrastructure capital; the infusion...
Persistent link: https://www.econbiz.de/10013325091
We analyze shifts in the structure of China's capital outflows over the past decade. The composition of gross outflows has shifted from accumulation of foreign exchange reserves by the central bank to nonofficial outflows. Unlocking the enormous pool of domestic savings could have a significant...
Persistent link: https://www.econbiz.de/10012840445
countries particularly susceptible to economic hardship. We examine the role of remittances in either alleviating or increasing … causality and endogeneity and find that while income smoothing does not appear to be the main motive for sending remittances in … a non-negligible share of households, remittances do indeed smooth household income on average. Other variables …
Persistent link: https://www.econbiz.de/10013128220