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Deconstructing China's and India's growth : the role of financial policies

Aziz, Jahangir (contributor) - 2008

This paper uses the standard one-sector neoclassical growth model to investigate why China’s consumption has been low and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts that the price of capital may have been significantly...

Persistent link: https://www.econbiz.de/10003758478

Firms' investment and savings in Latin America : stylized facts from the enterprise survey

Kawamura, Enrique; Ronconi, Lucas - 2015

This paper describes the share of investment in fixed capital and working capital financed by retained earnings using a harmonized dataset from the World Bank Enterprise Survey. The sample includes firms across countries in Latin America and the Caribbean. Descriptive statistics are presented...

Persistent link: https://www.econbiz.de/10011473027

Reverse causality between oil policy and fiscal policy? : the Venezuelan experience

Manzano, Osmel; Saboin, José Luis - 2021

This paper uses a model of intergenerational accounting to simulate the intergenerational distribution of oil wealth in Venezuela. Venezuelan oil production does not seem to follow an optimal extraction path. Nevertheless, this is true if we do not consider what the government does with the...

Persistent link: https://www.econbiz.de/10012583980

International credit markets and global business cycles

Pintus, Patrick A.; Wen, Yi; Xin, Xiaochuan - 2018 - This version: May 14, 2018

This paper stresses a new channel through which global financial linkages contribute to the co-movement in economic activity across countries. We show in a two-country setting with borrowing constraints that international credit markets are subject to self-fulfilling variations in the world real...

Persistent link: https://www.econbiz.de/10011911509

Mortgage debt, consumption, and llliquid housing markets in the Great Recession

Garriga, Carlos; Hedlund, Aaron - 2017

Using a model with housing search, endogenous credit constraints, and mortgage default, this paper accounts for the housing crash from 2006 to 2011 and its implications for aggregate and cross-sectional consumption during the Great Recession. Left tail shocks to labor market uncertainty and...

Persistent link: https://www.econbiz.de/10011782612

External search for exploration of future discontinuities and trends : implications from the literature using co-citation and content analysis

Polier, Sara; Herstatt, Cornelius - 2016

opportunities and product innovations. The search for future discontinuities and trends using external knowledge sources enables … search to detect future discontinuities and trends in the environment. To address this knowledge gap, dimensions of search … benefit from different external search strategies to identify discontinuities and trends in the environment. The paper closes …

Persistent link: https://www.econbiz.de/10011487420