Showing 1 - 10 of 2,019
This paper investigates the impact of language on economic performance. I use the 1956 reorganization of Indian states on linguistic lines as a natural experiment to estimate the impact of speaking the majority language on educational and occupational outcomes. I find that districts that spoke...
Persistent link: https://www.econbiz.de/10015229100
This paper studies the formation of market economy in China from 1978 to 1992, a period in which market economy was introduced and developed alongside planned government procurements for agricultural goods. Under the “dual track system” (DTS), rural farmers were obligated to fulfill...
Persistent link: https://www.econbiz.de/10015231621
After more than 20 years of European Monetary Union (EMU), surprisingly few scientific studies exist which study the growth effects of introducing a common currency in large parts of the European Union. I do so using a large panel (NUTS3 data) of regional data for the EU-15. Some 800 (treated)...
Persistent link: https://www.econbiz.de/10015213349
After more than 20 years of European Monetary Union (EMU), surprisingly few scientific studies exist which study the growth effects of introducing a common currency in large parts of the European Union. I do so using a large panel (NUTS3 data) of regional data for the EU-15. Some 800 (treated)...
Persistent link: https://www.econbiz.de/10015268961
We model a typical Asian-crisis-economy using dynamic general equilibrium tech-niques. Exchange rates obtain from nontrivial fiat-currencies demands. Sudden stops/bank-panics are possible, and key for evaluating the merits of alternative ex-change rate regimes. Strategic complementarities...
Persistent link: https://www.econbiz.de/10015217851
The purpose of this paper is to present, in a general, non exhaustive manner, a diachronic relationship the macroeconomic phenomenology of Kondratieff cycles and higher education –targeted reforms. Historical evidence presented by the speciality literature show that these reforms have occured...
Persistent link: https://www.econbiz.de/10015228454
This article makes a comprehensive assessment of the effect of a fiscal policy shock in Brazil. I found that gross domestic product does not rise in the short run in response to the fiscal policy shock albeit it rises in the long run. In addition, I found that unlike an advanced economy like the...
Persistent link: https://www.econbiz.de/10015259754
On November 8, 2016, the Indian government abruptly demonetized 86% of its currency in circulation in an attempt to reduce black money, corruption, and counterfeiting. Yet, 99% of the currency was eventually returned to banks. We exploit large regional variations in deposit growth as a result of...
Persistent link: https://www.econbiz.de/10015265002
This paper investigates the impact of Naira real exchange rate misalignment on Nigeria's economic growth using quarterly data spanning the period 2000-2014. We derive estimates of Real Exchange Rate Misalignment (RERMIS) by computing deviations of the actual real exchange rate from a sustainable...
Persistent link: https://www.econbiz.de/10015266453
In this paper, we analyze the deep and anomalous economic slowdown in 2019-20, when the Indian economy grew at a rate of 4 percent, the lowest in a decade. We argue that the slowdown was largely confined to one year, 2019-20. The growth rate in the prior years averaged at 7 percent a year, and...
Persistent link: https://www.econbiz.de/10015267694