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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 effects on productivity growth. This paper provides a comprehensive analysis … of the relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that …
Persistent link: https://www.econbiz.de/10013325040
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
We use plant output and input prices to decompose the profit margin into four parts: productivity, demand shocks, mark … the impact of productivity, and other market fundamentals, on plant exit. A dynamic simulation that compares the … distribution of productivity with and without the trade reform shows that improvements in market selection from trade reform help …
Persistent link: https://www.econbiz.de/10013158514
step forward occurring following Deng Xiaoping's "South Trip" in 1992. We find that FDI had much larger effect on TFP … accelerated. We find that human capital positively affects output per worker and productivity growth. In particular, in terms of …
Persistent link: https://www.econbiz.de/10013325091
income/productivity levels in the immigrants home countries. We make progress towards addressing endogeneity by specifying a …
Persistent link: https://www.econbiz.de/10013076803
This study is a review of the recent trends in development economics research. The focus is on the development in the recent decades as a result of increased globalization of knowledge, technologies and economies. In particular I look at the development in a number area where similar trends are...
Persistent link: https://www.econbiz.de/10012773083
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
trade induced real income gains while the FDI related and innovation induced benefits have been largely neglected, although … the EU and the US are leading FDI host countries and FDI source countries. Moreover, from a theoretical perspective a … knowledge production function has to be considered in order to analyze FDI and innovation dynamics – and this can then be linked …
Persistent link: https://www.econbiz.de/10012948641
This paper investigates the relationship between sectoral growth patterns and employment outcomes. A broad cross-country analysis reveals that in middle-income countries, employment responds more to growth in less productive and more labor-intensive sectors. Employment in middle-income countries...
Persistent link: https://www.econbiz.de/10013099092
Labor markets in low- and middle income countries are characterized by high levels of informality. A multitude of interventions have therefore been implemented in many countries with the objective to increase the formalization of firms and workers, including information campaigns, simplification...
Persistent link: https://www.econbiz.de/10012865842