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Germany's Economic Unification : An Assessment after Ten Years
Sinn, Hans-Werner - 2000
incomes in the east have now reached the western level, and investment per capita has been much higher than in the west …. However, every third deutschmark spent in the east has been coming from the west, investment in equipment has fallen below the … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …
Persistent link: https://www.econbiz.de/10012471183
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Macroeconomic Adjustment with Segmented Labor Markets
Agenor, Pierre-Richard - 1994
This paper analyzes the macroeconomic effects of fiscal and labor market policies in a small open developing country. The basic framework considers an economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency...
Persistent link: https://www.econbiz.de/10012474150
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Labor Market Distortions and Structural Adjustments in Developing Countries
Edwards, Sebastian - 1990
The purpose of this paper is to provide a typology of different labor market configurations and investigate how two major structural adjustment policies, namely a trade liberalization reform and the relaxation of capital controls, affect the level of aggregate employment and the rate of...
Persistent link: https://www.econbiz.de/10012475687
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Devaluation Crises and the Macroeconomic Consequences of Postponed Adjustment in Developing Countries
Edwards, Sebastian - 1989
This paper develops our analytical model to explore the relationship between the dynamics of macroeconomic adjustment and the timing of the implementation of an adjustment program featuring an official devaluation. The effects of postponing adjustment depend on the source of the original shock,...
Persistent link: https://www.econbiz.de/10012476190
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Structural Adjustment Policies in Highly Indebted Countries
Edwards, Sebastian - 1988
This paper deals with structural adjustment in the highly indebted countries. The origins of the debt crisis are first analyzed. Then the nature of the adjustment followed by the debt ridden countries between 1982- 1987 is discussed. It is noted that for most nations the adjustment has been...
Persistent link: https://www.econbiz.de/10012476564
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International Capital Mobility in Developing Countries vs. Industrial Countries : What do Saving-Investment Correlations Tell Us?
Frankel, Jeffrey A. - 1986
The finding of Feldstein and Horioka (1980) that countriesf investment rates are highly correlated with their national … and investment in a sample that includes not only 14 industrialized countries, but also 50 developing countries. The paper … developing countries, and higher after 1973 than before. Our interpretation of the saving-investment evidence is that the …
Persistent link: https://www.econbiz.de/10012477026
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Long-run Returns to Impact Investing in Emerging Markets and Developing Economies
Cole, Shawn - 2020
environmental returns. Examination of every equity investment made by the International Finance Corporation, one of the largest and … markets, and a core thesis of impact investing that some eligible markets do not receive sufficient investment capital …
Persistent link: https://www.econbiz.de/10012481174
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Capital Flows to Developing Countries : The Allocation Puzzle
Gourinchas, Pierre-Olivier - 2007
According to the consensus view in growth and development economics, cross country differences in per-capita income largely reflect differences in countries' total factor productivity. We argue that this view has powerful implications for patterns of capital flows: everything else equal,...
Persistent link: https://www.econbiz.de/10012465044
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Capital Account Liberalization : Theory, Evidence, and Speculation
Henry, Peter Blair - 2006
has significant effects on the cost of capital, investment, and economic growth …
Persistent link: https://www.econbiz.de/10012465962
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Sources for Financing Domestic Capital -- Is Foreign Saving a Viable Option for Developing Countries?
Aizenman, Joshua - 2004
This paper proposes a new method for measuring the degree to which the domestic capital stock is self-financed. The main idea is to use the national accounts to construct a self-financing ratio, indicating what would have been the autarky stock of tangible capital supported by actual past...
Persistent link: https://www.econbiz.de/10012468068