Showing 1 - 10 of 12
Over the last decade, empirical studies analyzing macroeconomic conditions that may affect the size of government spending multipliers have flourished. Yet, in spite of their obvious public policy importance, little is known about public investment multipliers. In particular, the clear...
Persistent link: https://www.econbiz.de/10012480421
A large empirical literature has found that fiscal policy in developing countries is procyclical, in contrast to high-income countries where it is countercyclical. The idea that fiscal policy in developing countries is procyclical has all but reached the status of conventional wisdom. This has...
Persistent link: https://www.econbiz.de/10012464456
We discuss recent empirical research on how globalization has affected income inequality in developing countries. We begin with a discussion of conceptual issues regarding the measurement of globalization and inequality. Next, we present empirical evidence on the evolution of globalization and...
Persistent link: https://www.econbiz.de/10012465771
We review the empirical evidence on the relationship between Trade Liberalization, Inequality, and Poverty based on the … analysis of micro data from several developing countries that underwent significant trade reforms in recent years. Despite many … studies' has established certain patterns that seem common across countries and trade liberalization episodes, and may hence …
Persistent link: https://www.econbiz.de/10012468100
We explore the relationship between greater exposure to trade (as measured by openness) and child labor in a cross … countries that trade more have less child labor. At the cross-country means, the data suggest an openness elasticity of child …. When we control for the endogeneity of trade and for cross-country income differences, the openness elasticity of child …
Persistent link: https://www.econbiz.de/10012468377
As documented in recent studies, developing countries (classified by the IMF as floaters or managed floaters) are extremely reluctant to allow for large nominal exchange rate fluctuations. This 'fear of floating' is reflected in the fact that, in spite of being subject to larger shocks,...
Persistent link: https://www.econbiz.de/10012470329
Although many developing countries have experienced growing income inequality and an increase in the relative demand for skilled workers during the 1980s, the sources of this trend remain a puzzle. This paper examines whether investment and adoption of skill-biased technology have contributed to...
Persistent link: https://www.econbiz.de/10012470897
High and persistent inflation has been one of the distinguishing macroeconomic characteristics of many developing countries since the end of World War II. Countries afflicted by chronic inflation, however, have not taken their fate lightly and have engaged in repeated stabilization attempts....
Persistent link: https://www.econbiz.de/10012471882
also discusses perceptions about international trade in over 40 countries at different levels of development, including …This paper assesses the current state of evidence on how international trade shapes inequality and poverty through its … perceptions on trade's overall benefits for the economy, trade's effect on the livelihood of workers through wages and jobs, and …
Persistent link: https://www.econbiz.de/10012453835
We study the effects of a positive export shock on labor allocation between the informal, microenterprise sector and … the formal firm sector in a low-income country. The U.S.-Vietnam Bilateral Trade Agreement led to large reductions in U … and formal sectors. This gap and the aggregate labor productivity gain from the export-induced reallocation of workers …
Persistent link: https://www.econbiz.de/10012458213