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How does private foreign borrowing affect the risk of sovereign default in developing countries?
Celasun, Oya; Harms, Philipp - 2007
We argue that increased foreign borrowing by the private sector reduces the risk that a developing country's government defaults on its foreign debt. We present a simple model in which private foreign borrowing reflects a surge of private entrepreneurship. A larger "entrepreneurial class" raises...
Persistent link: https://www.econbiz.de/10011430065
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Drivers of Academic Research and Patenting in India: Econometric Estimation of the Research Production Function
Ray, Amit Shovon; Saha, Sabyasachi - 2010
India. Academic research is conceptualised as a research production process where research inputs (like research time and …. Our results clearly identify several drivers of academic research and patenting in India, in terms of faculty background … India. In particular, we argue that putting in place institutional structures will not serve the purpose without addressing …
Persistent link: https://www.econbiz.de/10011807653
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Deciding to Peg the Exchange Rate in Developing Countries:The Role of Private-Sector Debt
Harms, Philipp; Hoffmann, Mathias - 2009
We argue that a higher share of the private sector in a country's external debt raises the incentive to stabilize the exchange rate. We present a simple model in which exchange rate volatility does not affect agents' welfare if all the debt is incurred by the government. Once we introduce...
Persistent link: https://www.econbiz.de/10011430071
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Do Sovereign Defaults Hurt Exporters?
Borensztein, Eduardo; Panizza, Ugo - 2006
This paper uses a difference-in-difference methodology similar to the one originally proposed by Rajan and Zingales (1998) to test whether defaulting hurts the more export-oriented industries. Strong support for this hypothesis was found, but contrary to the findings of previous studies, our...
Persistent link: https://www.econbiz.de/10010327048
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On the Solvency of Nations: Cross-Country Evidence on the Dynamics of External Adjustment
Durdu, C. Bora; Mendoza, Enrique G.; Terrones, Marco E. - 2012
Mean Group (PMG) and Mean Group error-correction estimation yield evidence of a statistically significant, negative …
Persistent link: https://www.econbiz.de/10010500208
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UNLOCKING PRODUCTIVE ENTREPRENEURSHIP INAFRICA’S LEAST DEVELOPEDCOUNTRIES
Brixiová, Zuzana - William Davidson Institute <Ann Arbor, Mich.> - 2010
In Africa’s least developed countries (LDCs), escape from poverty and convergence to livingstandards of more advanced economies depends critically on structural transformation and theemergence of productive entrepreneurship that would accelerate growth and job creation. So far,however,...
Persistent link: https://www.econbiz.de/10009360486
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Access of the poor to water supply and sanitation in India: Salient concepts, issues and cases
Jha, Nitish - 2010
Access to safe water is necessary for lives and livelihoods. In India, a mid-term assessment reveals that the country … factors constrain access to safe drinking water and proper sanitation in India for both the urban and rural poor, and that …
Persistent link: https://www.econbiz.de/10010293264
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Is the elephant stepping on its trunk? The problem of India´s unbalanced growth
Douhan, Robin; Nordberg, Anders - 2007
It is often assumed that recent success in the high-technology software industry will lead India's development. However … development pattern in India. …
Persistent link: https://www.econbiz.de/10010321626
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ICTs and rural development in India
Singh, Nirvikar - 2006
communication technology (ICT) use for broad-based development and economic growth in India. It will examine the role of …
Persistent link: https://www.econbiz.de/10010322716
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The social policies of emerging economies: Growth and welfare in China and India
de Haan, Arjan - 2013
reference to China and India, with their very distinctive public policy approaches. Much of the economics literature either does …
Persistent link: https://www.econbiz.de/10010397192