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This paper examines the growth-inflation nexus in Franc zone currency unions. It aims at estimating the inflation …
Persistent link: https://www.econbiz.de/10012388649
What is the efficiency cost of rent-seeking activities in Argentina? This paper quantitatively shows that rent-seeking activities in the form of bribes have aggregate effects through two channels. First, they generate misallocation of resources across firms because they prevent resources from...
Persistent link: https://www.econbiz.de/10012257045
This paper argues for a transformation of finance to support the economic and social transformation of the Middle East and North Africa. The paper first documents the existing financial system in the region. The system is heavily skewed toward banking, relative to non-banking services, such as...
Persistent link: https://www.econbiz.de/10012257125
This paper documents that structural change positively contributed to labor productivity growth in Guinea during 2006 …-15. However, the contribution of structural change to productivity growth was modest (about one percentage point per year on … of structural change to productivity growth has declined over time, mainly due to the increased labor market rigidity …
Persistent link: https://www.econbiz.de/10012297771
This paper examines the growth effects of different dimensions of international trade integration-notably, volume … trade dimensions for the region and the traditional sources of growth. Second, it empirically estimates the impact of trade … integration on growth per worker and the sources of growth; that is, growth of capital per worker and total factor productivity …
Persistent link: https://www.econbiz.de/10012051790
Ethiopia has achieved sustained high growth for more than a decade. At the same time, the country has been facing … economic growth. Currency undervaluation is a second-best policy intervention that can help offset some of the key constraints … to manufacturing growth prevalent in low-income countries and speed up structural transformation. However, exchange rate …
Persistent link: https://www.econbiz.de/10012051824