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Freeman, Richard B. - 1999

Various arguments have been used to explain Sub-Saharan Africa's economic decline. We find that a stress on investments in education as a prerequisite for more rapid growth is misplaced; that greater openness is far from sufficient to insure economic progress; that income inequality and urban bias...

Persistent link: https://www.econbiz.de/10012471865

Policy Evaluation in Uncertain Economic Environments

Brock, William A. - 2003

This paper develops a decision-theoretic approach to policy analysis. We argue that policy evaluation should be conducted on the basis of two factors: the policymaker's preferences, and the conditional distribution of the outcomes of interest given a policy and available information. From this...

Persistent link: https://www.econbiz.de/10012468673

Why Have Economic Reforms in Mexico Not Generated Growth?

Kehoe, Timothy J. - 2010

Following its opening to trade and foreign investment in the mid-1980s, Mexico's economic growth has been modest at best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude that the relation between openness and growth is not a...

Persistent link: https://www.econbiz.de/10012462077

Natural Experiments in Macroeconomics

Fuchs-Schuendeln, Nicola - 2015

A growing literature relies on natural experiments to establish causal effects in macroeconomics. In diverse applications, natural experiments have been used to verify underlying assumptions of conventional models, quantify specific model parameters, and identify mechanisms that have major...

Persistent link: https://www.econbiz.de/10012457439

Liquidity, Institutional Quality and the Composition of International Equity Flows

Goldstein, Itay - 2010

FDI investors control the management of the firms, whereas FPI investors delegate decisions to managers. Therefore … expectation of future liquidity problems export relatively more FPI than FDI, and (2) this effect strengthens as the source … country's capital market transparency worsens. To test these hypotheses, we examine the variation of FPI relative to FDI for …

Persistent link: https://www.econbiz.de/10012462924

International R&D Spillovers and Institutions

Coe, David T. - 2008

The empirical analysis in "International R&D Spillovers" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in...

Persistent link: https://www.econbiz.de/10012464577

Liquidity, Institutional Quality and the Composition of International Equity Outflows

Goldstein, Itay - 2008

crises export relatively more FPI than FDI, and (2) this effect strengthens as the source country's capital market … transparency worsens. To test these hypotheses, we apply a dynamic panel model and examine the variation of FPI relative to FDI for …

Persistent link: https://www.econbiz.de/10012464879

Institutions and Foreign Investment : China versus the World

Fan, Joseph P.H. - 2007

Weak institutions ought to deter foreign direction investment (FDI), and mass media stories highlight China …'s institutional deficiencies, yet China is now one of the world's largest FDI destinations. This incongruity characterizes China …'s paradoxical growth. Cross-country regressions show that China's FDI inflow is not exceptionally large, given the quality of its …

Persistent link: https://www.econbiz.de/10012465214

Exporting Raises Productivity in Sub-Saharan African Manufacturing Plants

Van Biesebroeck, Johannes - 2003

Proponents of trade liberalization argue that it will force firms to produce closer to the production possibility frontier and that the frontier will move out faster. In particular, plants that export will achieve a higher productivity level. However intuitive the argument, empirical evidence is...

Persistent link: https://www.econbiz.de/10012468678

Keeping It in the Family : Lineage Organization and the Scope of Trust in Sub-Saharan Africa

Moscona, Jacob - 2017

We present evidence that the traditional structure of society is an important determinant of the scope of trust today. Within Africa, individuals belonging to ethnic groups that organized society using segmentary lineages exhibit a more limited scope of trust, measured by the gap between trust...

Persistent link: https://www.econbiz.de/10012455485

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