This paper investigates the medium- and long-term growth effects of the global financial crises on Low-Income Countries (LICs). Using several methodological approaches, including impulse response function analysis, growth spells techniques and panel regressions, we show that external demand (ED)...

This dissertation investigates the implications of different methods of identifying exogenous shocks to defense purchases for estimating the macroeconomic effects of shocks to government purchases. Four identification schemes are examined: the narrative approach of Ramey and Shapiro (1997), a...

This dissertation investigates the reasons behind international price dispersion. The first essay, International Price Dispersion and the Direction of Trade, discusses the importance of trade cost as a determinant of international price dispersion. The importance of trade costs in segmenting...

International evidence on growth rates in per capita incomes reveals persistent differences in development patterns among nations, and shows that the world distribution of per capita income is multi-modal with several basins of attraction. This dissertation investigates the factors underlying...