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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
This paper compares the raising of external equity capital from private equity investors via private investments in public equity (PIPEs) and seasoned equity offerings (SEOs) using a sample of 456 PIPEs and 1,910 SEOs drawn from nine Asian countries. Consistent with the idea that insiders...
Persistent link: https://www.econbiz.de/10012974254
This paper provides evidence on the labor productivity growth and employment impacts of foreign direct investment in selected countries in Africa over the years 2001-2012. It uses data from five emerging economies (Brazil, Russia, India, China, and South Africa) and advanced countries (Canada,...
Persistent link: https://www.econbiz.de/10012966870
extended period, developing Asia has on average been particularly successful in diversifying its exports, particularly in … is, through entry into completely new products. In addition, developing Asia has on average benefited significantly from …
Persistent link: https://www.econbiz.de/10012971321
integration of China has deepened production fragmentation in East Asia, countering fears of crowding out other countries for … international specialization. International production fragmentation in East Asia has intensified intraregional trade but has … significantly to growth in East Asia, they also breed vulnerabilities. They have not automatically led to technology spillovers and …
Persistent link: https://www.econbiz.de/10012747815
Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...
Persistent link: https://www.econbiz.de/10012841602
This paper studies interactions between access to finance, product innovation, and labor supply in a two-period overlapping generations model with an endogenous skill distribution and credit market frictions. In the model lack of access to finance (induced by high monitoring costs) has an...
Persistent link: https://www.econbiz.de/10012973535
This paper investigates the relationship between sectoral growth patterns and employment outcomes. A broad cross-country analysis reveals that in middle-income countries, employment responds more to growth in less productive and more labor-intensive sectors. Employment in middle-income countries...
Persistent link: https://www.econbiz.de/10012974863
This paper studies the existence of middle-income growth traps in a two-period overlapping generations model of economic growth with two types of labor and endogenous occupational choices. It also distinguishes between "basic" and "advanced" infrastructure, with the latter promoting design...
Persistent link: https://www.econbiz.de/10012974959
The emergence of substantial fiscal deficits and a large build up of government debt in major advanced economies will inevitably lead to a period of fiscal consolidation in coming years. In an earlier paper, McKibbin and Stoeckel (2010) explored the effects of this fiscal adjustment in advanced...
Persistent link: https://www.econbiz.de/10012975282