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This paper focuses on two central issues related to the contrasting experiences of Malaysia and Pakistan regarding poverty reduction. First, it examines the structure of economic growth and its proximate determinants in the two countries, including the initial conditions, institutional changes,...
Persistent link: https://www.econbiz.de/10005248163
poverty. It finds that growth has been increasingly driven by higher factor productivity and that a continuation of recent …
Persistent link: https://www.econbiz.de/10005264079
This paper uses a set of simple Post Keynesian models of growth and distribution to provide a systematic analysis of how growth affects income distribution through a number of alternative channels, thereby making possible a more complete analysis of the interaction between growth and...
Persistent link: https://www.econbiz.de/10010612916
This paper evaluates the impact of the sociopolitical crisis in Côte d'Ivoire on the economies of its neighbors. Using a nonsubjective weighted index of regional instability in cross-country time-series regressions, it shows that the increase in regional instability caused by domestic...
Persistent link: https://www.econbiz.de/10005826519
This paper analyzes the relationship between fiscal adjustment and real GDP growth in a panel of 26 transition economies during 1992-2001. Unlike most previous studies using cross-country regressions, the paper finds a positive and statistically significant relationship between fiscal adjustment...
Persistent link: https://www.econbiz.de/10005605123
We review the literature on Dutch disease, and document that shocks that trigger foreign exchange inflows (such as natural resource booms, surges in foreign aid, remittances, or capital inflows) appreciate the real exchange rate, generate factor reallocation, and reduce manufacturing output and...
Persistent link: https://www.econbiz.de/10008777021
This paper analyzes the sources of output and unemployment dynamics in the world economy during the Great Recession. This analysis is based on a panel unobserved components model of the world economy, disaggregated into its fifteen largest national economies. We find that excess supply pressure...
Persistent link: https://www.econbiz.de/10008646428
Over the past two years, ongoing political transitions in many Arab countries have led to social unrest and an economic downturn. This paper examines comparable historical episodes of political instability to derive implications for the near- and medium-term economic outlook in the Arab...
Persistent link: https://www.econbiz.de/10011242232
This paper examines the empirical relationship between trade and total factor productivity (TFP) in South Africa. It …
Persistent link: https://www.econbiz.de/10005264046
The subject of offshoring and productivity has not yet received the attention it deserves. Here I propose a simple … framework for estimating the contribution of these strategies to the growth rate of labor productivity from a time … should be interpreted with caution yet clearly suggest that offshoring can improve labor productivity in the semiconductors …
Persistent link: https://www.econbiz.de/10011141149