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Why South Africa is Cheap for the Rich and Expensive for the Poor : Reconsidering the Balassa-Samuelson Effect
Dadam, Vincent - 2019
This paper investigates cross-sectoral productivity differentials in South African industry and their distributional … consequences. The analysis shows that typically, traded sectors have experienced low productivity growth over the past decade …, while skill intensive service sectors have had significant productivity growth. This is the inverse of the traditional …
Persistent link: https://www.econbiz.de/10012865438
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Poverty-Specific Purchasing Power Parities in Africa
Dikhanov, Yuri - 2017
The paper revisits the issue of poverty-specific purchasing power parities (PPPs), using the most recent (2011) International Comparison Program (ICP) results. The World Bank's global poverty count uses a common international poverty line -- currently $1.90 at 2011 international prices-based on...
Persistent link: https://www.econbiz.de/10012951494
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Do Countries Learn from Experience in Infrastructure PPP? PPP Practice and Contract Cancellation
Marcelo, Darwin - 2017
Learning from experience to improve future infrastructure public-private partnerships is a focal issue for policy makers, financiers, implementers, and private sector stakeholders. An extensive body of case studies and "lessons learned" aims to improve the likelihood of success and attempts to...
Persistent link: https://www.econbiz.de/10012956738
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Estimating an Equilibrium Exchange Rate for the Argentine Peso
Coppola, Andrea - 2017
Argentina: terms of trade, productivity differentials, foreign currency reserves, and trade openness. Based on these …
Persistent link: https://www.econbiz.de/10012968767
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Preferences, Purchasing Power Parity, and Inequality : Analytical Framework, Propositions, and Empirical Evidence
Majumder, Amita - 2017
This paper makes analytical, methodological and empirical contributions to the literature on purchasing power parity. Purchasing power parities are required in a host of cross-country welfare comparisons, such as poverty rates and gross domestic product. The subject has recently generated much...
Persistent link: https://www.econbiz.de/10012971183
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Depreciations Without Exports? Global Value Chains and the Exchange Rate Elasticity of Exports
Ahmed Hannan, Swarnali - 2017
This paper analyzes how the exchange rate elasticity of exports has changed over time and across countries and sectors, and how the formation of global value chains has affected this relationship. The analysis uses a panel framework covering 46 countries over the period 1996-2012, and first...
Persistent link: https://www.econbiz.de/10012971261
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Should Latin America Save More to Grow Faster?
de la Torre, Augusto - 2017
A widely shared view holds that there is no policy-exploitable causal connection from saving to growth because domestic saving is fully endogenous, optimally determined, or substitutable by foreign saving. Yet, abandoning these assumptions, which are questionable in the real world of frictions,...
Persistent link: https://www.econbiz.de/10012971285
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The Real Exchange Rate and Export Growth : Are Services Different?
Eichengreen, Barry - 2017
This paper considers the determinants of exports of modern services and traditional services. It considers the growth of export volumes as well as export surges, that is, the periods of rapid sustained export growth. It asks whether the determinants of export growth rates and export surges...
Persistent link: https://www.econbiz.de/10012973942
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Aid, Disbursement Delays, and the Real Exchange Rate
Jarotschkin, Alexandra - 2017
Aid donors and recipients have long been concerned that aid inflows may lead to an appreciation of the real exchange rate and an associated loss of competitiveness. This paper provides new evidence of the dynamic effects of aid on the real exchange rate, using an identification strategy that...
Persistent link: https://www.econbiz.de/10012974226
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Estimating the Half-Life of Theoretically Founded Real Exchange Rate Misalignments
Kubota, Megumi - 2017
Harrod-Balassa-Samuelson productivity, respectively. This provides a bridge between theory and empirics that links the real … exchange rate and its fundamentals (terms of trade, the ratio of net foreign assets to gross domestic product, and productivity …
Persistent link: https://www.econbiz.de/10012974478