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Unofficial development assistance: A dynamic model of charities' donation income

Arulampalam, Wiji; Backus, Peter G.; Micklewright, John - 2011

The empirical literature on the determinants of charities donation income, distinguishing the charitable cause, is small. We extend the literature in several ways. First, we focus on overseas development charities allowing us to give more consideration to the particular characteristics of this...

Persistent link: https://www.econbiz.de/10010278682

Role reversal in global finance

Prasad, Eswar S. - 2011

' external balance sheets is shifting to the asset side. However, emerging markets continue to look for more insurance against … balance of payments crises, even as self-insurance through reserve accumulation itself becomes riskier. I propose a mechanism … for global liquidity insurance that would meet emerging markets' demand for insurance with fewer domestic policy …

Persistent link: https://www.econbiz.de/10010282136

Investigating the Asymmetric Impact of Oil Prices on GCC Stock Markets

Ben Cheikh, Nidhaleddine; Ben Naceur, Sami; Kanaan, Oussama - 2020

This paper investigates the presence of asymmetric relationship between oil price movements and Gulf Cooperation Council (GCC) stock markets. We propose the implementation of nonlinear vector smooth transition regression (VSTR) models which offer a greater flexibility when modelling the possible...

Persistent link: https://www.econbiz.de/10012322652

Southern African Economic Integration: Evidence from an Augmented Gravity Model

Warin, Thierry; Wunnava, Phanindra V.; Tengia, Optat; … - Institute for the Study of Labor (IZA) - 2009

This paper investigates the feasibility of creating a common-currency union consisting of 16 countries in Southern Africa. We estimate an augmented-gravity model that includes public deficit, public debt, public expenditure, inflation, and the foreign reserves position. We also integrate...

Persistent link: https://www.econbiz.de/10004976903

Has China's Growth Gone from Miracle to Malady?

Prasad, Eswar - 2023

China's remarkable run of persistently high growth in recent decades is all the more stunning in light of the country …

Persistent link: https://www.econbiz.de/10014296884

Rebalancing Growth in Asia

Prasad, Eswar - Institute for the Study of Labor (IZA) - 2009

growth rates for the key emerging markets and other developing economies in Asia. China has by far the lowest share of … growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India …-08, household saving rates (relative to household income) have risen gradually in China and India but fallen sharply in Korea …

Persistent link: https://www.econbiz.de/10005011901

The Role of Demographics in Precipitating Crises in Financial Institutions

Macunovich, Diane - Institute for the Study of Labor (IZA) - 2009

There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...

Persistent link: https://www.econbiz.de/10008565208

Foreign Capital and Economic Growth

Prasad, Eswar; Rajan, Raghuram G.; Subramanian, Arvind - Institute for the Study of Labor (IZA) - 2007

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/10005233751

Modernizing China’s Growth Paradigm

Prasad, Eswar S.; Rajan, Raghuram G. - Institute for the Study of Labor (IZA) - 2006

China has achieved tremendous economic progress in the last three decades, but there is much work to be done to make … in striking the right balance in terms of speed and coordination of reforms. We argue that China’s current stage of …

Persistent link: https://www.econbiz.de/10005247695

Thresholds in the Process of International Financial Integration

Kose, M. Ayhan; Prasad, Eswar; Taylor, Ashley D. - Institute for the Study of Labor (IZA) - 2009

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....

Persistent link: https://www.econbiz.de/10005070416