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The Developing World is Poorer Than We Thought, but No Less Successful in the Fight Against Poverty
Chen, Shaohua; Ravallion, Martin - 2012
The paper presents a major overhaul to the World Bank's past estimates of global poverty, incorporating new and better data. Extreme poverty-as judged by what "poverty" means in the world's poorest countries-is found to be more pervasive than we thought. Yet the data also provide robust evidence...
Persistent link: https://www.econbiz.de/10012552245
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Aid, Growth, and Real Exchange Rate Dynamics
Devarajan, Shantayanan; Go, Delfin S.; Page, John - 2012
Devarajan, Go, Page, Robinson, and Thierfelder argued that if aid is about the future and recipients are able to plan consumption and investment decisions optimally over time, then the potential problem of an aid-induced appreciation of the real exchange rate (Dutch disease) does not occur. In...
Persistent link: https://www.econbiz.de/10012552266
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Real Exchange Rate Uncertainty and Private Investment in Developing Countries
S??rven, Luis - 2013
The author examines empirically the link between real exchange rate uncertainty and private investment in developing countries using a large cross country-time series data set. He builds a GARCH-based measure of real exchange rate volatility and finds that it has a strong negative impact on...
Persistent link: https://www.econbiz.de/10012559585
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Advanced-Country Policies and Emerging-Market Currencies
Ikeda, Yuki; Medvedev, Denis; Rama, Martin - 2015
The global financial crisis and its aftermath have triggered extraordinary policy responses in advanced countries. The impacts of these policy responses—from asset price bubbles to currency depreciations—have often been felt in the developing world. As tapering talk evolves into actual...
Persistent link: https://www.econbiz.de/10012564370
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Fear of Appreciation
Levy-Yeyati, Eduardo; Sturzenegger, Federico - 2012
exchange rates appear to induce higher growth, but that the effect, rather than through import substitution or export booms as …
Persistent link: https://www.econbiz.de/10012552835
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The Real Exchange Rate and Export Growth : Are Services Different?
Eichengreen, Barry; Gupta, Poonam - 2014
of export volumes as well as export surges, that is, the periods of rapid sustained export growth. It asks whether the … determinants of export growth rates and export surges differ between merchandise, traditional services, and modern services and … whether developing countries are different. It confirm the importance of the real exchange rate for export growth. The paper …
Persistent link: https://www.econbiz.de/10012560739
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Outgrowing Resource Dependence Theory and Some Recent Developments
Martin, Will - 2012
Many policy makers are concerned about dependence on resource exports. This paper examines four changes that reduce this dependence: (i) accumulation of capital and skills; (ii) changes in protection policy, particularly reductions in the burden of protection on exporters; (iii) differential...
Persistent link: https://www.econbiz.de/10012553940
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Standards and Agro-Food Exports from Developing Countries : Rebalancing the Debate
Jaffee, Steven; Henson, Spencer - 2013
The proliferation and increased stringency of food safety and agricultural health standards is a source of concern among many developing countries. These standards are perceived as a barrier to the continued success of their exports of high-value agro-food products (including fish,...
Persistent link: https://www.econbiz.de/10012559747
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Correcting Real Exchange Rate Misalignment : Conceptual and Practical Issues
Eden, Maya; Nguyen, Ha - 2012
This paper studies the issue of real exchange rate misalignment and the difficulties in settling international real exchange rate disputes. The authors show theoretically that determining when a country should be sanctioned for real exchange rate "manipulations" is difficult: in some situations...
Persistent link: https://www.econbiz.de/10012552150
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China is Poorer than we Thought, But No Less Successful in the Fight Against Poverty
Chen, Shaohua; Ravallion, Martin - 2012
In 2005, China participated for the first time in the International Comparison Program (ICP), which collects primary data across countries on the prices for an internationally comparable list of goods and services. This paper examines the implications of the new Purchasing Power Parity (PPP)...
Persistent link: https://www.econbiz.de/10012552408