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The procyclicality of fiscal policy that is prevalent in developing countries and emerging markets is well known. Its explanation is less clear. Recently, social inequality and the combination of corruption and democracy have been suggested as alternatives to the traditional explanation of these...
Persistent link: https://www.econbiz.de/10010288533
The procyclicality of fiscal policy that is prevalent in developing countries and emerging markets is well known. Its explanation is less clear. Recently, social inequality and the combination of corruption and democracy have been suggested as alternatives to the traditional explanation of these...
Persistent link: https://www.econbiz.de/10010551821
Persistent link: https://www.econbiz.de/10010323507
examine the relationship with inflation and growth in developing countries. For an identical sample of observations from 73 … countries for 1984-2001, only the scheme based on parallel rates suggests a significant effect (negative) of floating on growth …. Floats that claim to be pegs, or have high exchange rate volatility, are the ones with lower growth. Hard pegs offer …
Persistent link: https://www.econbiz.de/10010319093
We compare the relationship between net capital inflows, real exchange rate movements and growth for twenty emerging … associated with faster growth, but in emerging markets depreciations depress growth, even outside crisis periods, and are closely …
Persistent link: https://www.econbiz.de/10010319094
, with fiscal policy volatility being a significant determinant of growth. The existence of a resource curse is confirmed, in … slower per capita GDP growth. There are no statistically significant differences between the effects of point-source and …
Persistent link: https://www.econbiz.de/10010288484
Growth rates of per capita GDP are depressed by civil conflict to a degree that reflects its severity. Only the more … least one year - have a significant negative growth effect. Post-conflict recovery of output is enhanced by aid flows but …
Persistent link: https://www.econbiz.de/10010288486
We decisively reject the hypothesis that geographical factors influence long-run only indirectly, through the quality of institutions. The direct influence of geography on per capita incomes is robust to the inclusion of a sub-Saharan Africa dummy and other tests. We obtain our results by...
Persistent link: https://www.econbiz.de/10010288513
international tests, and growth. We take account of another fifteen years of growth and approximately twice as many test score … results. We treat the data first as a panel, relating growth only to test scores at earlier dates, and then as a cross …-section. In both cases we find the effect of schooling quality on growth to be statistically significant but substantially smaller …
Persistent link: https://www.econbiz.de/10010288527
We use new data on the timing of the transition to agriculture, developed by Putterman and Trainor (2006), to test the theory of Diamond (1997) and Olsson and Hibbs (2005) that an earlier transition is reflected in higher incomes today. Our results confirm the theory, even after controlling for...
Persistent link: https://www.econbiz.de/10010288540