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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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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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Price Levels and Economic Growth : Making Sense of the PPP Changes between ICP Rounds
Ravallion, Martin - 2017
To the surprise of many observers, the 2005 International Comparison Program (ICP) found substantially higher purchasing power parity (PPP) rates, relative to market exchange rates, in most developing countries. For example, China?s price level index -- the ratio of its PPP to its exchange rate...
Persistent link: https://www.econbiz.de/10012976671
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Assessing Debt Sustainability in Emerging Market Economies Using Stochastic Simulation Methods
Hostland, Doug; Karam, Philippe D. - 2014
The authors apply stochastic simulation methods to assess debt sustainability in emerging market economies and provide probability measures for projections of the external and public debt burden over the medium term. The vulnerability of public debt to adverse shocks is determined by a number of...
Persistent link: https://www.econbiz.de/10014059916
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Is Africa's Economy at a Turning Point?
Go, Delfin S. - 2008
economic fundamentals, such as savings, investment, productivity, and export diversification, remain stagnant. The good news in …
Persistent link: https://www.econbiz.de/10012772699
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Agriculture, Aid and Economic Growth in Africa
McArthur, John - 2018
boost rural productivity and shift labor to boost real wages. One simulation shows how a temporary program of targeted … expansion in the primary tradable sector and positive permanent productivity and welfare effects, leading to a steady decline in …
Persistent link: https://www.econbiz.de/10012918516
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International Benchmarking for Country Economic Diagnostics : A Stochastic Frontier Approach
Norambuena, Vivian - 2020
This paper discusses the analytical foundations of international comparisons for assessing a country's potential for improvement along various dimensions of social and economic development. The paper presents the Stochastic Frontier approach and applies it to estimate feasible frontiers or...
Persistent link: https://www.econbiz.de/10012828629
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Specification of Investment Functions in Sub-Saharan Africa
Bayraktar, Nihal - 2016
It is a well-known fact that one of the most important determinants of growth is private investment. But in the developing country context of widespread poverty, the effects of initial conditions on the process of capital accumulation have seldom been investigated. This paper highlights...
Persistent link: https://www.econbiz.de/10012747803
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Intellectual Property Rights, Human Capital and the Incidence of R&D Expenditures
Bravo-Ortega, Claudio; Lederman, Daniel - 2013
Numerous studies predict that developing countries with low human capital may not benefit from the strengthening of intellectual property rights. The authors extend an influential theoretical framework to highlight the role of intellectual property rights in the process of innovation and...
Persistent link: https://www.econbiz.de/10014196749
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A Financial Social Accounting Matrix for the Integrated Macroeconomic Model for Poverty Analysis : Application to Cameroon with a Fixed-Price Multiplier Analysis
Emini, Christian Arnault; Fofack, Hippolyte - 2013
Cameroon is engaged in the Poverty Reduction Strategy Paper (PRSP) process, which emphasizes increased focus on poverty reduction in the design and implementation of growth and adjustment strategies. The Integrated Macroeconomic Model for Poverty Analysis (IMMPA) framework recently developed at...
Persistent link: https://www.econbiz.de/10014208553