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We review the large literature on various economic policies that could help developingeconomies effectively manage the process of financial globalization. Our central findingsindicate that policies promoting financial sector development, institutional quality and tradeopenness appear to help...
Persistent link: https://www.econbiz.de/10009360650
This paper uses an overlapping generations model with international labor mobility and apolitically responsive fiscal policy to examine aging in developed and developing regions.Migrant workers change the political structure composed of young and elderly voters in bothlabor-receiving and...
Persistent link: https://www.econbiz.de/10009418919
bonds is a complement to domestic investment rather than asubstitute. We show that this complementarity is at work when an … imbalances and with a number of stylized facts such as high corporate saving rates inhigh-growth, high-investment, emerging …
Persistent link: https://www.econbiz.de/10009486821
theory of investment under uncertainty (Dixit andPindyck, 1994) to the decision on EU-membership. We develop a simplified …
Persistent link: https://www.econbiz.de/10005868014
overhang level of debt is reached: (i) investment falls precipitously as it should when it becomes optimal to default, (ii …-empt default and exact punitive interest rates. We find a systematic response of investment, particularly when property rights are … with concessional rates. Thus, while debt relief is likely to improve economic policy (and especially investment) in …
Persistent link: https://www.econbiz.de/10005858241
This paper constructs a two-country stochastic growth model in which neutraland investment-specic technology shocks are … estimated with these data, revealsthat the EA missed out on the rapid investment-specic technological change enjoyedin the US …
Persistent link: https://www.econbiz.de/10009302547
We construct and estimate a unified model combining three of the main sources of cross-country income disparities:[...]
Persistent link: https://www.econbiz.de/10009486844
productivity among these sectors. The increasing implementation and imports of ICT technologies, the growing demand for ICT …
Persistent link: https://www.econbiz.de/10005864124
This paper examines the interactions between Foreign Direct Investment (FDI), inequality, and growth, both from a …
Persistent link: https://www.econbiz.de/10005868808
This paper sheds light on the influence of exchange rate volatility on foreign direct investment (FDI), both at the … provides a theoretical rationale for this findingand offers new insights in the investment-uncertainty relation. Both the … investment level. In contrast, I derive the expected foreigndirect investment of an economy over a given time period. To estimate …
Persistent link: https://www.econbiz.de/10005858054