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The reversal of capital flows from the banking sector, rather than portfolio equity investment, has long been …
Persistent link: https://www.econbiz.de/10005019451
and investment. In their seminal paper from 1980 Feldstein and Horioka estimated a value of the β coefficient close to 1 … panels, but the connection between savings and investment is generally lower than 1. As we move towards a panel composed of … disequilibrium between domestic savings and investment is positive in all cases, indicating that any imbalance between savings and …
Persistent link: https://www.econbiz.de/10011039152
The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade—the ambition of...
Persistent link: https://www.econbiz.de/10011242354
asset accumulation appear to have contributed more to post-boom income than those devoted to domestic investment. …
Persistent link: https://www.econbiz.de/10011242443
This paper examines some of the recent pronouncements of the Supreme Court and other High Courts and tries to analyse them vis-à-vis the understanding of the rule of law in India. [IIMA W.P. No.2014-04-02].
Persistent link: https://www.econbiz.de/10011133116
On the basis of civil-liberty index and trade openness ratio ([export + import]/GDP), this empirical study makes use of time series data (1972-2001) to analyze the relationship between trade liberalization and civil liberty in Turkey. With the help of cointegration analysis, the study comes to...
Persistent link: https://www.econbiz.de/10005005775
Persistent link: https://www.econbiz.de/10011000028
While economists have tended to focus on specific public policies when developing recommendations, the achievement of welfare objectives might depend more on the quality of policies than their content. This paper develops several measures of the qualities of policies across countries, arguing...
Persistent link: https://www.econbiz.de/10010661184
We examine the relationship between a country's institutional environment and the quality of its exports. Institutional factors such as widespread corruption, inefficient bureaucracy, and high risk of expropriation of private property by government can create uncertainty among producers and...
Persistent link: https://www.econbiz.de/10010571864
This paper investigates the role that International Monetary Fund (IMF) programs and capacity building play in fostering structural reforms. To do so, we exploit two novel datasets on IMF capacity building and structural reforms available for over one hundred IMF member countries over the period...
Persistent link: https://www.econbiz.de/10011242244