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The objective of this report is to develop a more comprehensive understanding, from a policy perspective, of key drivers of labour productivity in selected OECD countries and their impact on enhanced productivity performance. The report is divided into three major parts. The first part will...
Persistent link: https://www.econbiz.de/10005650218
The monetary policy and exchange rate regime that served Korea well for many years ended in crisis in 1997. The regime that collapsed was characterized by a tightly managed nominal exchange rate and domestic financial markets that were controlled by the government and largely closed to...
Persistent link: https://www.econbiz.de/10009365422
Empirical investigations aimed at determining what relationship, if any, exists between FDI and economic growth has drawn ambiguous results. This is also the case for China, where all empirical studies have used the VAR methodology. In this study we outline a dynamic simultaneous equations...
Persistent link: https://www.econbiz.de/10008457569
are the most efficient and safe way to integrate into the world economy. Further, we shall examine some structural changes …
Persistent link: https://www.econbiz.de/10010925916
In the new millennium, the Western aid effort towards Africa has surged due to writings by well-known economists, a celebrity mass advocacy campaign, and decisions by Western leaders to make Africa a major foreign policy priority. This survey contrasts the predominant "transformational" approach...
Persistent link: https://www.econbiz.de/10005777960
The literature on aid effectiveness has focused more on recipient policies than the determinants of aid allocation yet a consistent result is that political allies obtain more aid from donors than non-allies. This paper shows that aid allocated to political allies is ineffective for growth,...
Persistent link: https://www.econbiz.de/10010653526
In this paper we study long run economic growth as a sequence of accelerations, slowdowns and crises, and estimate the role of institutions and macroeconomic policies in determining this sequence. We analyze the joint effect of policies and institutions on the frequency of the four growth...
Persistent link: https://www.econbiz.de/10008871185
This paper contrasts the poor performance of African economies over the past 30 years with the remarkable development of East Asian newly industrialized countries. It provides evidence that the lack of diversification, stemming from the adoption of inward-looking strategies, interventionist...
Persistent link: https://www.econbiz.de/10011184600
growth rates, the IMF and the World Bank started to recommend to all countries (recommendation that they make currently) to … way to integrate into the world economy. Concluding, only direct foreign investments would allow the re-specialization of … the economy to surpass the situation of maintaining on the world markets only with food products and raw materials. Indeed …
Persistent link: https://www.econbiz.de/10008561096
MDGs are global goals and are powerful tools of international policy because they create a framework of accountability by going beyond stating general objectives and set quantitative, time bound targets against which performance can be measured. This paper challenges the methodology...
Persistent link: https://www.econbiz.de/10011278265