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In considering how the euro will affect Sub-Saharan Africa, the authors examine the transmission channels through which the euro could affect economies in the region. They examine the risks and opportunities the euro presents for Sub-Saharan African countries. They especially examine the effects...
Persistent link: https://www.econbiz.de/10012971216
A large literature has argued that different types of capital flows have different consequences for macroeconomic stability. By distinguishing between foreign direct investment and portfolio and other investments, this paper studies the effects of the composition of capital inflows on output...
Persistent link: https://www.econbiz.de/10012974538
This paper describes how Latin America and the Caribbean has been integrating financially with countries in the North and South since the 2000s. The paper shows that the region is increasingly more connected with the rest of the world, even relative to gross domestic product. The region's...
Persistent link: https://www.econbiz.de/10012966021
Although measured remittances by migrant workers have soared in recent years, macroeconomic studies have difficulty …. First, it offers evidence that a large majority of the recent rise in measured remittances may be illusory -- arising from … the greatest driver of rising remittances is rising migration, which has an opportunity cost to economic product at the …
Persistent link: https://www.econbiz.de/10012973260
borrowing or remittances, significantly impact saving rates. The macroeconomic and microeconomic analyses of the determinants of … remittances …
Persistent link: https://www.econbiz.de/10012974165
Workers' remittances have become a major source of income for developing countries. However, little is still known … about their impact on poverty and inequality. Using a large cross-country panel dataset, the authors find that remittances … are robust to the use of different instruments that attempt to correct for the potential endogeneity of remittances …
Persistent link: https://www.econbiz.de/10012747723
This paper studies the question of whether exchange rate policy affects the impact of remittances on economic growth in … regime classification, whereas the data for remittances and all other variables are from the World Bank's World Development … economic growth following an increase in remittances, but also that the impact of remittances on growth is positive under a …
Persistent link: https://www.econbiz.de/10012966409
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
drivers of growth in Nigeria, and to predict growth rates of gross domestic product per capita for the country under different … natural resource rents are estimated to be particular important ingredients for a prosperous economic development in Nigeria …
Persistent link: https://www.econbiz.de/10012951492