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According to conventional wisdom, capital flows are fickle. Focusing on emerging markets, this paper asks whether this conventional wisdom still holds in the contemporary world. The results show that, despite recent structural and regulatory changes, much of it survives. FDI inflows are more...
Persistent link: https://www.econbiz.de/10012962317
This paper examines whether domestic output growth helps attract capital inflows and, in turn, capital inflows help boost output growth in a set of 38 Sub-Saharan African countries. Using a two-step approach to address reverse causality and omitted variable issues, the paper finds that output...
Persistent link: https://www.econbiz.de/10012971630
Since the mid-1990s, Sub-Saharan Africa has experienced unprecedented levels of high economic growth. A key question follows: What accounts for the turnaround of the growth performance in the mid-1990s? The answer can provide insight into whether the recent growth spurt in Sub-Saharan Africa is...
Persistent link: https://www.econbiz.de/10012973251
realization of hypothetical productivity gains, show that Malaysia's gross domestic product growth can potentially increase by 0 …
Persistent link: https://www.econbiz.de/10012924382
Malaysia's structural transformation from low to middle income is a success story, making it one of the most prominent …-wage economies on the one hand, and more innovative advanced economies on the other. What can Malaysia do? Does Malaysia need a new … production in both goods and services. This paper examines productivity growth for Malaysia at the sectoral level, and constructs …
Persistent link: https://www.econbiz.de/10012974450
surmount. Slowing momentum in countries like Malaysia and Thailand has led analysts and policy makers to consider what it would … education system is fundamental to equip workers with marketable skills. Malaysia and Thailand have successfully expanded access …
Persistent link: https://www.econbiz.de/10012974793
The paper discusses the main features that distinguish inter-firm international trade finance from alternative sources of financing. On the one hand, inter-firm trade finance could help overcome informational problems associated with other lending relationships; on the other, it may contribute...
Persistent link: https://www.econbiz.de/10014201493
Many countries spend significant resources on investment promotion agencies in the hope of attracting inflows of foreign direct investment. Despite the importance of this question for public policy choices, little is known about the effectiveness of investment promotion efforts. This study uses...
Persistent link: https://www.econbiz.de/10012747622
Under the Kyoto Protocol, countries can meet treaty obligations by investing in projects that reduce or sequester greenhouse gases elsewhere. Prior to ratification, treaty participants agreed to launch country-based pilot projects, referred to collectively as Activities Implemented Jointly...
Persistent link: https://www.econbiz.de/10012747845
While there is considerable empirical evidence on the impact of liberalizing trade in goods, the effects of services liberalization have not been empirically established. Using firm-level data from the Czech Republic for the period 1998-2003, this study examines the link between services sector...
Persistent link: https://www.econbiz.de/10012747868