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Why Don't Remittances Appear to Affect Growth?

Clemens, Michael A. - 2017

Although measured remittances by migrant workers have soared in recent years, macroeconomic studies have difficulty detecting their effect on economic growth. This paper reviews existing explanations for this puzzle and proposes three new ones. First, it offers evidence that a large majority of...

Persistent link: https://www.econbiz.de/10012973260

Informality and Profitability : Evidence from a New Firm Survey in Ecuador

Medvedev, Denis - 2017

This paper estimates the impact of informality on firm profits using a new firm-level survey designed specifically for this study. The survey was administered to about 1,200 firms with 50 employees or less in Ecuador's two largest cities, Quito and Guayaquil, plus two main centers of economic...

Persistent link: https://www.econbiz.de/10012974435

Hegelian Macroeconomics -- the Dialectics of Global Imbalances

Monga, Celestin - 2017

Traditional narratives of external imbalances have focused on the analysis of national accounts, trade flows, and financial flows. They have generated two opposing views of the current situation of the world economy: on one side, a prudent, if not pessimistic view considers large imbalances as...

Persistent link: https://www.econbiz.de/10012976730

Policy Challenges for Emerging and Developing Economies : Lessons from the Past Decade

Ruch, Franz Ulrich - 2020

The 2009 global recession demonstrated, once again, the importance of crisis prevention as well as the critical need for preserving policy room so that emerging market and developing economies (EMDEs) can act when their economies are hit by shocks. And now, with the global growth outlook still...

Persistent link: https://www.econbiz.de/10012839626

New Evidence on the Cyclicality of Fiscal Policy

Carneiro, Francisco - 2017

This paper presents new evidence on the patterns of cyclicality in the fiscal policy stance of developing and industrialized countries over a period of more than three decades covering 180 countries during 1980?2012. First, the paper considers issues of robustness in the choice of the proxy for...

Persistent link: https://www.econbiz.de/10012971636

Entrepreneurship, Public Policy, and Cities

Lerner, Josh - 2017

Aviv, bear the unmistakable stamp of the public sector. Enlightened government intervention played a key role in each … public spending bearing no fruit. This paper sheds light on how governments can avoid mistakes in stimulating … to get by, but little else. The public policy literature, along with academic studies of new ventures, often does not …

Persistent link: https://www.econbiz.de/10012973210

Solow in Transition : Macro and Micro Determinants of Savings in Armenia

Coulibaly, Souleymane - 2017

This paper analyzes and reconciles macro and micro evidence on savings and factors that affect savings, as well as possible policy implications. At the aggregate level, the main question is how savings are affected by growth and macroeconomic policies and variables (fiscal policy, exchange rate,...

Persistent link: https://www.econbiz.de/10012974165

Egypt Beyond the Crisis : Medium-Term Challenges for Sustained Growth

Herrera, Santiago - 2017

The paper analyzes the impact of the recent global crisis in the context of the previous two decades' growth and capital flows. Growth decomposition exercises show that Egyptian growth is driven mostly by capital accumulation. To estimate the share of labor in national income, the analysis...

Persistent link: https://www.econbiz.de/10012976332

Growth Identification and Facilitation : The Role of the State in the Dynamics of Structural Change

Lin, Justin Y. - 2017

Active economic policies by developing countries? governments to promote growth and industrialization have generally been viewed with suspicion by economists, and for good reasons: past experiences show that such policies have too often failed to achieve their stated objectives. But the...

Persistent link: https://www.econbiz.de/10012976530

Partially Awakened Giants : Uneven Growth in China and India

Chaudhuri, Shubham - 2016

The paper examines the ways in which recent economic growth has been uneven in China and India and what this has meant for inequality and poverty. Drawing on analyses based on existing household survey data and aggregate data from official sources, the authors show that growth has indeed been...

Persistent link: https://www.econbiz.de/10012747908