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This paper aims at assessing the effects of real exchange rate overvaluation over the export composition for developing countries in a time span of 1970-2004. For this intent, it is estimated an exchange rate overvaluation index by using panel cointegration techniques (Dynamic Ordinary Least...
Persistent link: https://www.econbiz.de/10009615774
conditions for sustained economic growth and development by deepening democracy, enhancing the stability of political regimes and …
Persistent link: https://www.econbiz.de/10011794986
In the first era of financial globalization (1880-1914), global capital market integration led to substantial net capital movements from rich to poor economies. The historical experience stands in contrast to the contemporary globalization where gross capital mobility is equally high, but did...
Persistent link: https://www.econbiz.de/10003655033
External conditions have been found to influence the tendency of emerging market and developing economies to experience episodes of growth accelerations and reversals. In this paper we study the role of domestic policies and other structural attributes in amplifying or mitigating the effect that...
Persistent link: https://www.econbiz.de/10012866906
international trade, economic development and growth. We summarize the main conceptual issues, discuss the relevance of the RER as … an instrument of development policy, provide an overview of the macroeconomic and microeconomic mechanisms that link the … RER to trade and long run growth and development, analyze the challenges - especially the disconnect between theory and …
Persistent link: https://www.econbiz.de/10012249638
What is the relationship between foreign aid and economic growth? This is probably one of the most famous questions in the foreign aid – economic growth debate. Whether this question has been sufficiently answered remains to be known. Developing nations have been and continue to be known to...
Persistent link: https://www.econbiz.de/10012950173
Natural resource-seeking foreign direct investment (FDI) rose substantially during the last two decades as global commodity prices soared. This type of FDI typically is expected to improve the current accounts of recipient countries. Notwithstanding the commodity boom, however, current account...
Persistent link: https://www.econbiz.de/10012963987
importance of the interplay between these two kinds of capital flows in affecting export development strategies and FDI policies …
Persistent link: https://www.econbiz.de/10011406550
development has taken place in developing countries. Design/methodology/approach - In framing the financial dimension in a more … financial development benefits of financial globalization. The estimation approach consists of assessing the impact of financial … globalization through-out the conditional distributions of domestic financial development dynamics. Findings - The introduction of …
Persistent link: https://www.econbiz.de/10011410250
Purpose - This study assesses the effect of time-dynamic financial globalisation uncertainty on financial development … development in Africa using time-dynamic measurements of financial globalisation uncertainty and all dimensions identified by the … in 53 African countries for the period 2000-2011. Design/methodology/approach - Financial globalisation uncertainty is …
Persistent link: https://www.econbiz.de/10011410631