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This paper discusses some puzzles in the contemporary macroeconomic scene in India, from the perspective of public finance and economic development. These include a fiscal deficit higher than it was during the 1991 crisis, but without a large current account deficit or rise in inflation or...
Persistent link: https://www.econbiz.de/10011520530
The notion of ‘shared growth’ was introduced by the World Bank in recognition of East Asia’s rapid growth accompanied … (explanation). There is a more essential, underlying region-wide mechanism that simultaneously promotes regionalized growth and … have fortuitously coalesced to engender a considerably favourable condition for Asia’s rapid catch-up growth in which …
Persistent link: https://www.econbiz.de/10010284765
promote growth. However, debate emerges following several financial crises on whether liberalizing financial markets and …. Is there any linkage between financial openness and economic growth for these seventeen Asian countries? 2. Does any of … have growth effect under certain fundamental or institutional conditions? Our main findings are as follows: 1. By employing …
Persistent link: https://www.econbiz.de/10010462236
China has become one of the leading recipients of foreign direct investment (FDI). Meanwhile, an increasing share of … global FDI is going to many Central and Eastern European countries (CEECs). What is the relationship between the inward FDI … CEECs each exist in its own regional production network, with no linkage between FDI flows into China and into CEECs; (2 …
Persistent link: https://www.econbiz.de/10013122836
China has emerged as one of the world's leading recipients of foreign direct investment (FDI). Meanwhile, the … FDI of China and the CEECs? We conceptualize the relationship according to three alternative paradigms: 1) China and the … CEECs each exist in its own regional production network, with no linkage between FDI flows into China and into CEECs; 2 …
Persistent link: https://www.econbiz.de/10014217286
contracting company to perform the service) or foreign direct investment (FDI, opening an Indian subsidiary and hiring Indian … employees). Modern FDI theories predict that Indian software outsourcing should occur primarily in the form of FDI. Contrary to … the FDI theories, however, many U.S. companies are hiring Indian software contracting companies in order to use the lower …
Persistent link: https://www.econbiz.de/10014057557
This paper examines the dynamics of current account imbalances in Pakistan. Following the small open economy general equilibrium model of Obstfeld and Rogoff (2005), and adding few variations in model, we investigate the impact of external shocks induced changes in current account on the real...
Persistent link: https://www.econbiz.de/10012924515
This paper focuses on finding out the leading sectors with high potential to maintain and consolidate the comparative and competitive advantages of the Romania’s exports and analyses the change in the pattern of Romanian export specialisation by estimatin
Persistent link: https://www.econbiz.de/10008511800
This paper provides a dataset on the currency composition of the international investment position for a group of 50 countries for the period 1990-2017. It improves available data based on estimates by incorporating actual data reported by statistical authorities and refining estimation methods....
Persistent link: https://www.econbiz.de/10012224121
pertains to why capital seems to flow to economies with lower rather than higher productivity growth. We find that while … contradicting the predictions of traditional neoclassical growth models, financial development significantly mitigates this effect …
Persistent link: https://www.econbiz.de/10014564120