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Assessing the Effect of Public Capital on Growth : An Extension of the World Bank Long-Term Growth Model
Devadas, Sharmila - 2018
World Bank?s Long-Term Growth Model (LTGM), by separating the total capital stock into public and private portions, with the …
Persistent link: https://www.econbiz.de/10012909745
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Ethiopia?S Growth Acceleration and How to Sustain It?Insights from a Cross-Country Regression Model
Moller, Lars Christian - 2017
Ethiopia has experienced a growth acceleration over the past decade on the back of an economic strategy emphasizing public infrastructure investment and supported by heterodox macro-financial policies. To analyze the country?s growth performance during 2000?13, the paper employs a neoclassical...
Persistent link: https://www.econbiz.de/10012971637
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Before and after the Global Financial Crisis : Evaluating the Caribbean's Synchronization with Global Engines of Growth
Kouame, Auguste Tano - 2017
In spite of the United States' recovery, most Caribbean nations are still struggling in the aftermath of the 2007?08 global financial crisis. This paper examines this slow growth recovery through the analysis of how the Caribbean's growth relates to that of key drivers of the global economy. The...
Persistent link: https://www.econbiz.de/10012970171
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Global Imbalances Before and after the Global Crisis
Servén, Luis - 2017
dampened by financial adjustment effects. In contrast, an alternative view portrays global imbalances as the equilibrium result … of asymmetries in world asset demand and supply. Absent changes in the deep determinants of these, global imbalances can … persist. International capital flow patterns before and during the crisis lend support to the equilibrium view. The paper also …
Persistent link: https://www.econbiz.de/10012976478
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Understanding Economic Growth in Ghana in Comparative Perspective
Geiger, Michael Tobias - 2019
Ghana has experienced a decade of solid and exceptionally high growth. Between 2005 and 2015, income nearly doubled. This paper analyzes the factors driving this impressive growth performance, using tools such as structural change decompositions and growth regressions. For the comparative...
Persistent link: https://www.econbiz.de/10012895208
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Korea's Growth Experience and Long-Term Growth Model
Jeong, Hyeok - 2017
perspective of the neoclassical growth model (the workhorse model of the World Bank?s Long Term Growth Model (LTGM) project …
Persistent link: https://www.econbiz.de/10012943809
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Green Growth -- Lessons from Growth Theory
Smulders, Sjak - 2017
This paper reviews dynamic general equilibrium models in order to collect insights on the interaction between economic …
Persistent link: https://www.econbiz.de/10012974895
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Foreign Bank Subsidiaries'Default Risk During the Global Crisis : What Factors Help Insulate Affiliates from Their Parents?
Anginer, Deniz - 2017
This paper examines the association between the default risk of foreign bank subsidiaries and their parents during the global financial crisis, with the purpose of understanding what factors can help insulate affiliates from their parents. The paper finds evidence of a significant positive...
Persistent link: https://www.econbiz.de/10012972673
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Credit Growth and Financial Stability in the Czech Republic
Frait, Jan - 2017
The Czech Republic had experienced a credit boom similar to those in other converging economies in the pre-crisis years. Nevertheless, the consequences of this credit boom were limited as was the impact of the global crisis on domestic financial institutions. This paper describes the...
Persistent link: https://www.econbiz.de/10012975816
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Emerging Economies in the 2000s : Real Decoupling and Financial Recoupling
Levy-Yeyati, Eduardo Levy - 2017
The paper documents an intriguing development in the emerging world in the 2000s: a decoupling from the business cycle …
Persistent link: https://www.econbiz.de/10012975470