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Productivity Growth and Capital Flows: The Dynamics of Reforms
Buera, Francisco J.; Shin, Yongseok - National Bureau of Economic Research (NBER) - 2009
Why doesn't capital flow into fast-growing countries? In this paper, we provide a quantitative framework incorporating heterogeneous producers and underdeveloped domestic financial markets to study the joint dynamics of total factor productivity (TFP) and capital flows. When an unexpected...
Persistent link: https://www.econbiz.de/10005034319
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Capital Flow Types, External Financing Needs, and Industrial Growth: 99 countries, 1991-2007
Aizenman, Joshua; Sushko, Vladyslav - National Bureau of Economic Research (NBER) - 2011
We examine the differential impact of portfolio debt, portfolio equity, and FDI inflows on 37 manufacturing industries … cross-sectional regressions of manufacturing industries' growth rates covering 17 years. Net portfolio debt inflows are … negatively associated with growth during the mid 1990s. The magnitudes of the negative effect of surges in portfolio debt inflows …
Persistent link: https://www.econbiz.de/10009226941
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Capital flows: Catalyst or Hindrance to economic takeoffs?
Aizenman, Joshua; Sushko, Vladyslav - National Bureau of Economic Research (NBER) - 2011
inflows of portfolio debt, portfolio equity, and FDI, controlling for country's stock of short-term external debt and … probability. Higher stock of short term external debt has been associated with a substantial negative effect on the probability of … a takeoff, and the effect of the short terms debt overhang is largest for Latin American countries. Yet, virtually all …
Persistent link: https://www.econbiz.de/10009228892
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Globalization and the Sustainability of Large Current Account Imbalances: Size Matters
Aizenman, Joshua; Sun, Yi - National Bureau of Economic Research (NBER) - 2008
This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate and current account/GDP exceed 10%. We investigate the size distribution and the durability of current account deficits during 1966-2005, and report the results of a simulation...
Persistent link: https://www.econbiz.de/10005710827
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Adjustment of State Owned and Foreign-Funded Enterprises in China to Economic Reforms,1980s-2007: a logistic smooth transition regression (LSTR) approach
Aizenman, Joshua; Geng, Nan - National Bureau of Economic Research (NBER) - 2009
This paper applies a logistic smooth transition regression approach to the estimation of a homogenous aggregate value added production function of the State Owned (SOE) and Foreign-Funded Enterprises (FFE) in China, 1980s-2007. The transition associated with the economic reforms in China is...
Persistent link: https://www.econbiz.de/10005034349
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What Segments Equity Markets?
Bekaert, Geert; Harvey, Campbell; Lundblad, Christian; … - National Bureau of Economic Research (NBER) - 2009
We propose a new, valuation-based measure of world equity market segmentation. While we observe decreased levels of …
Persistent link: https://www.econbiz.de/10005575714
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Learning From the Doers: Developing Country Lessons for Advanced Economy Growth
Chari, Anusha; Henry, Peter Blair - National Bureau of Economic Research (NBER) - 2014
through the lens of trade, fiscal, and debt reforms in the developing world offer relevant, practical lessons for recovery in …
Persistent link: https://www.econbiz.de/10010950775
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Investment and Growth in Rich and Poor Countries
Cheung, Yin-Wong; Dooley, Michael; Sushko, Vladyslav - National Bureau of Economic Research (NBER) - 2012
This paper revisits the association between investment and growth. The empirical findings highlight substantial heterogeneity for the effect of investment on growth and suggest a possible negative association. Results based on a battery of cross-sectional and time-series regressions show that...
Persistent link: https://www.econbiz.de/10009652768
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Long-Term Barriers to the International Diffusion of Innovations
Spolaore, Enrico; Wacziarg, Romain - National Bureau of Economic Research (NBER) - 2011
explain international technology diffusion is genetic distance relative to the world technological frontier ("relative …
Persistent link: https://www.econbiz.de/10009226775
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Forms of Democracy, Policy and Economic Development
Persson, Torsten - National Bureau of Economic Research (NBER) - 2005
The paper combines insights from the recent research programs on constitutions and economic policy, and on history, institutions and growth. Drawing on cross-sectional as well as panel data, it presents new empirical results showing that the form of democracy (rather than democracy vs....
Persistent link: https://www.econbiz.de/10005829166