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Motivated by the concern that the recent surge in inflation could retard growth, the paper revisits the nexus between … inflation and growth from the perspective of an emerging economy, India. Examining this relationship using a wavelet multi … and inflation for a short time scale, while it is not significant for a longer time scale. …
Persistent link: https://www.econbiz.de/10010945461
Purpose – This essay aims to analyze the process of structural adjustment in developing countries. Its focus is on macroeconomic stabilization in the short-term, but the analysis is situated in a wider context to consider how it relates to the implications of structural reform in the...
Persistent link: https://www.econbiz.de/10005081233
Countries vary widely with respect to the share of government spending on health, a metric that can serve as a proxy for the extent to which health is prioritized by governments. World Health Organization (WHO) data estimate that, in 2011, health's share of aggregate government expenditure in...
Persistent link: https://www.econbiz.de/10010754596
This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...
Persistent link: https://www.econbiz.de/10005106885
development bank lendings, financial depth, inflation rate, real interest rate, and real exchange rate distortion. The export …
Persistent link: https://www.econbiz.de/10005599766
Economic performance in many emerging market and developing economies (EMDEs) improved substantially over the past twenty years. The past decade was particularly good—for the first time EMDEs spent more time in expansion and had smaller downturns thanadvanced economies. In this paper we...
Persistent link: https://www.econbiz.de/10011142060
The interest rate-growth differential (IRGD) shows a marked correlation with GDP per capita. It has been on average around 1 percentage point for large advanced economies during 1999-2008; but below -7 percentage points among non-advanced economies - exerting a powerful stabilizing influence on...
Persistent link: https://www.econbiz.de/10009370559
This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5 percent. This …
Persistent link: https://www.econbiz.de/10011142122
developing countries. We define first-round effects as changes in headline inflation that, holding core inflation constant, help …
Persistent link: https://www.econbiz.de/10011242189
Services sector in India contributes more than 60% of the overall gross domestic product (GDP) and more than 40% of total trade. This sector also absorbs a chunk of manpower, especially in export-oriented industries and reduces the employment burden on other non-services sectors. In this...
Persistent link: https://www.econbiz.de/10010669664