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sample of countries. Controlling for domestic conditions, the paper examines the growth and volatility effects of outcome … of nonlinearities by allowing the growth and volatility effects of openness to vary with the general level of economic … point toward strong non-monotonic effects of openness and external shocks on growth and volatility. Moreover, all in all …
Persistent link: https://www.econbiz.de/10012554189
coffee production and output. These patterns have become more pronounced since the 1970s as volatility increased. This paper … of volatility in the Cote d'Ivoire. The terms of trade and real exchange rate are also sources of volatility for growth …
Persistent link: https://www.econbiz.de/10012552862
assumption is that aid should be predictable for intertemporal smoothing to take place. If aid volatility forces recipients to be …
Persistent link: https://www.econbiz.de/10012552266
Aid is expected to promote better living standards by raising investment and growth. But aid may also affect institutions directly. In theory, these effects may or may not work in the same direction as those on investment. The authors examine the effect of aid on economic institutions and find...
Persistent link: https://www.econbiz.de/10012553812
The authors examine the empirical evidence in support of the poverty trap view of underdevelopment. They calibrate simple aggregate growth models in which poverty traps can arise due to either low saving or low technology at low levels of development. They then use these models to assess the...
Persistent link: https://www.econbiz.de/10012554090
The authors revisit the relationship between aid and growth using a new data set focusing on the 1990s. The evidence supports the view that the impact of aid depends on the quality of state institutions and policies. The authors use an overall measure of institutions and policies popular in the...
Persistent link: https://www.econbiz.de/10012559666
The authors examine empirically how domestic structural characteristics related to openness and product- and factor-market flexibility influence the impact that terms-of-trade shocks can have on aggregate output. For this purpose, they apply an econometric methodology based on semi-structural...
Persistent link: https://www.econbiz.de/10012553909
Gabon is currently one of the richest countries in Sub-Saharan Africa, having a GDP per capita of close to $4,000, and is characterized by a stable political climate and rich forestry and mineral resources, as well as a small population. Oil is the key economic sector, accounting for half of GDP...
Persistent link: https://www.econbiz.de/10012559837
Real GDP per capita and capital stock in Cote d'Ivoire grew strongly from 1960 to 1979, but have declined ever since, for twenty-five years. As a result, the country has traveled a full circle from economic success to failure in little more than a generation. What are the long-term factors...
Persistent link: https://www.econbiz.de/10012552861
spectacularly narrowed down, but this effect is dwarfed by that of world-price volatility. A counterfactual analysis based on a …
Persistent link: https://www.econbiz.de/10012553802