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Export Discoveries, Diversification and Barriers to Entry

Klinger, Bailey - 2017

The literature on the relationship between economic diversification and development has grown rapidly in recent years, partly due to the surprising finding that diversification rises with gross domestic product per capita up to a certain point. Export diversification along the extensive margin...

Persistent link: https://www.econbiz.de/10012976443

Cheap but flighty : how global imbalances create financial fragility

Ahnert, Toni; Perotti, Enrico C. - 2015

We analyze how a wealth shift to emerging countries may lead to instability in developed countries. Investors exposed to expropriation risk are willing to pay a safety premium to invest in countries with good property rights. Domestic intermediaries compete for such cheap funding by carving out...

Persistent link: https://www.econbiz.de/10011304762

Oil Spills on Other Commodities

Baffes, John - 2016

This paper examines the effect of crude oil prices on the prices of 35 internationally traded primary commodities for the 1960-2005 period. It finds that the pass-through of crude oil price changes to the overall non-energy commodity index is 0.16. At a more disaggregated level, the fertilizer...

Persistent link: https://www.econbiz.de/10012747627

Export Promotion Agencies : What Works and What Doesn't

Lederman, Daniel - 2016

The number of national export promotion agencies (EPAs) has tripled over the past two decades. While more countries have made them part of their national export strategy, studies have criticized their efficiency in developing countries. Partly in reaction to these critiques, EPAs have been...

Persistent link: https://www.econbiz.de/10012747937

Incidence of the Digital Economy and Frictional Unemployment : International Evidence

Lederman, Daniel - 2020

This paper is the first to quantify the relationship between the incidence of the digital economy and long-term frictional unemployment across countries. The resulting evidence indicates that there is a robust, negative partial correlation between national unemployment rates and the incidence of...

Persistent link: https://www.econbiz.de/10012840289

Stages of Development of Payment Systems : Leapfrogging Across Countries and Mena's Place in the World

Gevaudan, Clement - 2020

This paper studies the relationship between the level of economic development and the incidence of three forms of payments across countries, namely the incidence of bank accounts, digital payments, and mobile money accounts among the adult populations across countries. It presents simple...

Persistent link: https://www.econbiz.de/10012844587

The Role of Major Emerging Markets in Global Commodity Demand

Baffes, John - 2018

Rapid growth among the major emerging markets over the past 20 years has boosted global demand for commodities. The seven largest emerging markets accounted for almost all the increase in global consumption of metals, and two-thirds of the increase in energy consumption over this period. As...

Persistent link: https://www.econbiz.de/10012912334

Anatomy and Impact of Export Promotion Agencies

Cruz, Marcio - 2018

Recent literature has shown evidence of positive contributions of export promotion agencies around the world in raising … their products. This paper describes the characteristics of export promotion agencies around the world, using a novel … database from the World Bank, in collaboration with the International Trade Center in Geneva, covering 2005-10. In addition, it …

Persistent link: https://www.econbiz.de/10012917117

Inequality and Economic Growth : The Role of Initial Income

Brueckner, Markus - 2018

-income countries, inequality has a significant negative effect on transitional growth. For the median country in the world that in 2015 …

Persistent link: https://www.econbiz.de/10012917240

Sources of Volatility During Four Oil Price Crashes

Baffes, John - 2017

Previous sharp oil price declines have been accompanied by elevated ex post volatility. In contrast, volatility was much less elevated during the oil price crash in 2014/15. This paper provides evidence that oil prices declined in a relatively measured manner during 2014/15, with dispersion of...

Persistent link: https://www.econbiz.de/10012970942