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Winners and Losers from Sovereign Debt Inflows

Broner, Fernando; Martin, Alberto; Pandolfi, Lorenzo; … - 2022

We study the transmission of sovereign debt inflow shocks on domestic firms. We exploit episodes of large sovereign debt inflows in six emerging countries that are due to the announcements of these countries' inclusion in two major local-currency sovereign debt indexes. We show that these...

Persistent link: https://www.econbiz.de/10013289107

Moderate Inflation

Dornbusch, Rudiger; Fischer, Stanley - 2021

inflations in the 1980s. Several other countries, for example Colombia, have experienced moderate inflation for prolonged periods …

Persistent link: https://www.econbiz.de/10013245721

Exporting and Plant-Level Efficiency Gains : It's in the Measure

Garcia Marin, Alvaro - 2014

While there is strong evidence for productivity-driven selection into exporting, the empirical literature has struggled to identify export-related efficiency gains within plants. Previous research typically derived revenue productivity (TFPR), which is downward biased if more efficient producers...

Persistent link: https://www.econbiz.de/10013063949

Current Account Sustainability : Selected East Asian and Latin American Experiences

Milesi-Ferretti, Gian Maria; Razin, Assaf - 2021

, Colombia and Mexico -- and three East Asian countries--Korea, Malaysia and Thailand. It identifies a number of potential …

Persistent link: https://www.econbiz.de/10013230779

Monetary Policy Independence Under Flexible Exchange Rates : An Illusion?

Edwards, Sebastian - 2015

, and capital mobility – Chile, Colombia and Mexico – to investigate the extent to which Federal Reserve actions are …

Persistent link: https://www.econbiz.de/10013029549

Immigration and Violent Crime : Evidence from the Colombia-Venezuela Border

Knight, Brian G.; Tribin, Ana - 2022

the border in 2016, which precipitated a massive immigration wave, homicides in Colombia increased in areas close to the …

Persistent link: https://www.econbiz.de/10014094804

Moving to Greener Pastures? Multinationals and the Pollution Haven Hypothesis

Eskeland, Gunnar S.; Harrison, Ann E. - 2021

This paper presents evidence on whether multinationals are flocking to developing country 'pollution havens'. Although we find some evidence that foreign investors locate in sectors with high levels of air pollution, the evidence is weak at best. We then examine whether foreign firms pollute...

Persistent link: https://www.econbiz.de/10013233217

Wages and Foreign Ownership : A Comparative Study of Mexico, Venezuela and the United States

Aitken, Brian; Harrison, Ann E.; Lipsey, Robert E. - 2022

This paper explores the relationship between wages and foreign investment in Mexico, Venezuela, and the United States … countries: higher levels of foreign investment are associated with higher wages. In Mexico and Venezuela, foreign investment was … domestic firms. In the United States there is evidence of wage spillovers. The lack of spillovers in Mexico and Venezuela is …

Persistent link: https://www.econbiz.de/10013295265

Is Europe an Optimal Political Area?

Alesina, Alberto F. - 2017

Employing a wide range of individual-level surveys, we study the extent of cultural and institutional heterogeneity within the EU and how this changed between 1980 and 2008. We present several novel empirical regularities that paint a complex picture. While Europe has experienced both systematic...

Persistent link: https://www.econbiz.de/10012958587

The Causes of Political Integration : An Application to School Districts

Gordon, Nora - 2010

This paper examines the forces behind political integration through the lens of school district consolidations, which reduced the number of school districts in the United States from around 130,000 in 1930 to under 15,000 at present. Despite this large observed decline, many districts resisted...

Persistent link: https://www.econbiz.de/10012761733

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