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This study revisits the effect of aid on the quality of institutions and examines the effects of a major source of instability, namely terms-of-trade instability, on the quality of democracy. We take advantage of previous empirical findings which explain the role of aid in mitigating the adverse...
Persistent link: https://www.econbiz.de/10009316262
This paper first shows that important economic arguments in favor of the Prebisch-Singer hypothesis of falling terms of trade of developing countries have implicitly relied on the role of multinational corporations and foreign direct investment. As of yet, the relationship between the latter and...
Persistent link: https://www.econbiz.de/10008821942
jobs. We combine household survey data from 12 low- and middle-income countries in Asia, Latin America, and sub …
Persistent link: https://www.econbiz.de/10012416538
countries of the region. In much of East and Southeast Asia, the Green Revolution brought a quantum leap in yields of staple … growth and urbanization, which in turn induced deeper agrarian change and food system transformations. In South Asia, these … insecurity in this part of Asia remain. These challenges remain in a context of relatively advanced urbanization, strongly …
Persistent link: https://www.econbiz.de/10011894303
How does international trade affect structural transformation in developing countries? We use data on sectoral allocation of labour and value-added in 46 developing economies over the period 1995-2017 and exploit for identification plausibly exogenous variation in manufacturing imports from...
Persistent link: https://www.econbiz.de/10014280617
After 50 years of optimistic predictions that marine mining will soon take off, it still remains to be seen if and when this will happen. In 2018 the total value of all marine mining, including both offshore mining and the so far non-existing deep-seabed mining, was estimated to be around US$35...
Persistent link: https://www.econbiz.de/10013479555
Digitalization and shifting patterns of globalization are fast changing the rules of the game for countries embarking on a path of industrialization. In this study, we empirically examine the impact of digitalization and global value chains on structural transformation using a cross-country...
Persistent link: https://www.econbiz.de/10014280598
-Saharan Africa (SSA), Latin America and the Caribbean (LAC), and Asia-Pacific (APAC) regions, paying particular attention to the role …
Persistent link: https://www.econbiz.de/10014335977
The current paper demonstrates a dichotomy of the growth response to changes in the barter terms of trade, employing as case studies the two African countries, Botswana and Nigeria.Using distributed-lag analysis, the paper finds that the effect of terms of trade on output is positive and...
Persistent link: https://www.econbiz.de/10008991418
This study examines the Prebisch and Singer hypothesis using a panel of 24 commodity prices from 1900 to 2010. The modelling approach stems from the need to meet two key concerns: (1) the presence of cross-sectional dependence among commodity prices; and (2) the identification of potential...
Persistent link: https://www.econbiz.de/10009375557