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Debt Overhang in Emerging Europe?
Brown, Martin - 2017
This paper assesses the extent to which debt overhang poses a constraint to economic activity in Emerging Europe, as the region emerges from the recent financial and economic crisis. At the macroeconomic level, it finds that the external imbalance problem for Emerging Europe has been in most...
Persistent link: https://www.econbiz.de/10012975793
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Post-Hipc Growth Dynamics in Sub-Saharan Africa
Bayraktar, Nihal - 2017
Access to debt relief under the Highly Indebted Poor Country Initiative enhanced the growth performance across Sub … countries have enjoyed significantly higher investments and growth rates, primarily fueled by the expanding fiscal space of the … better than their non-Highly Indebted Poor Country Initiative counterparts. Despite these growth rebounds, the region is not …
Persistent link: https://www.econbiz.de/10012975535
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On the Asymmetry of Global Spillovers : Emerging Markets Versus Advanced Economies
Arezki, Rabah - 2018
This paper examines growth spillovers between emerging markets and advanced economies. The empirical results, based on …
Persistent link: https://www.econbiz.de/10012907092
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Sudden Stops and Financial Frictions : Evidence from Industry Level Data
Cowan, Kevin - 2017
The nature of the microeconomic frictions that transform sudden stops in output collapses is not only of academic interest, but also crucial for the correct design of policy responses to prevent and address these episodes and the lack of evidence on this regard is an important shortcoming. This...
Persistent link: https://www.econbiz.de/10012976087
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How Do Governments Respond after Catastrophes? Natural-Disaster Shocks and the Fiscal Stance
Melecky, Martin - 2017
Natural disasters could constitute a major shock to public finances and debt sustainability because of their impact on output and the need for reconstruction and relief expenses. This paper uses a panel vector autoregressive model to systematically estimate the impact of geological, climatic,...
Persistent link: https://www.econbiz.de/10012976164
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Debt Intolerance : Threshold Level and Composition
Matsuoka, Hideaki - 2020
Fiscal vulnerabilities depend on both the level and composition of government debt. This study examines the role of debt thresholds and debt composition in driving the non-linear behavior of long-term interest rates through a novel approach, a panel smooth transition regression with a general...
Persistent link: https://www.econbiz.de/10012831444
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Assessing Job Flows Across Countries : The Role of Industry, Firm Size, and Regulations
Haltiwanger, John - 2016
This paper reviews the process of job creation and destruction across a sample of 16 industrial and emerging economies over the past decade. It exploits a harmonized firm-level data set drawn from business registers and enterprise census data. The paper assesses the importance of technological...
Persistent link: https://www.econbiz.de/10012747907
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The Effect of Remittances on the Current Account in Developing and Emerging Economies
Lartey, Emmanuel K. K. - 2018
This paper presents an analysis of the effect of remittances on the current account in developing and emerging economies, incorporating an assessment of the extent to which exchange rate regimes impact the relationship. The main findings suggest there is a positive effect of remittances on the...
Persistent link: https://www.econbiz.de/10012912329
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Learning from Developing Country Experience : Growth and Economic Thought Before and after the 2008-09 Crisis
Harrison, Ann E. - 2017
The aim of this paper is twofold. First, it documents the changing global landscape before and after the crisis, emphasizing the shift towards multipolarity. In particular, it emphasizes the ascent of developing countries in the global economy before, during, and after the crisis. Second, it...
Persistent link: https://www.econbiz.de/10012975849
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Structural Change and Cross-Country Growth Empirics
Eberhardt, Markus - 2017
One of the most striking features of economic growth is the process of structural change whereby the share of … agriculture in GDP decreases as countries develop. The cross-country growth literature typically estimates an aggregate …
Persistent link: https://www.econbiz.de/10012974669