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Global or Country Business Cycles : Developed versus Developing Countries
Kim, Yun Jung - 2021
Using a multi-level factor model, we estimate a global factor and country factors using the real macroeconomic variables of 71 countries from 1970 to 2018. The global factor successfully captures economic fluctuations in the world economy and primarily comoves with the business cycles of...
Persistent link: https://www.econbiz.de/10013236579
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Fiscal Procyclicality in Commodity Exporting Countries : How Much Does it Pour and Why?
Arroyo Marioli, Francisco; Végh, Carlos A. - National Bureau of Economic Research - 2023
A large literature has documented that fiscal policy is procyclical in emerging markets and developing economies and acyclical/countercyclical in advanced economies. This paper analyzes fiscal procyclicality in commodity-exporting countries. It first shows that the degree of fiscal...
Persistent link: https://www.econbiz.de/10014322818
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Differential effects of trade on economic growth and investment: A cross-country empirical investigation
Were, Maureen - In: Journal of African Trade 2 (2015) 1/2, pp. 71-85
The paper empirically examines the differential effects of trade on economic growth and investment based on cross …-country data. In general, the results are largely consistent with the positive impact of trade on economic growth as found in the … literature. However, the empirical results based on different categories of countries show that whereas trade has positively …
Persistent link: https://www.econbiz.de/10011985843
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Differential effects of trade on economic growth and investment : a cross-country empirical investigation
Were, Maureen - In: Journal of African trade : official journal of the … 2 (2015) 1/2, pp. 71-85
The paper empirically examines the differential effects of trade on economic growth and investment based on cross …-country data. In general, the results are largely consistent with the positive impact of trade on economic growth as found in the … literature. However, the empirical results based on different categories of countries show that whereas trade has positively …
Persistent link: https://www.econbiz.de/10011845329
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Sovereign external borrowing and multilateral lending : dynamics and crises
Avellán, Leopoldo; Galindo Andrade, Arturo José; … - 2018
Fiscal policy is procyclical in developing countries. An ample literature has explained this fact and explored its consequences for aggregate cyclical fluctuations. Multilateral Development Banks (MDBs) are an important source of finance for governments and therefore play a role in the execution...
Persistent link: https://www.econbiz.de/10011959415
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The effects of export-oriented, FDI-friendly policies on the balance of payments in a developing economy : a general equilibrium investigation
Razmi, Arslan - 2006 - Revised version
-oriented foreign direct investment (FDI). The effects of these policies on the external accounts have been largely ignored. This paper … endogenizes FDI inflows in a structuralist general equilibrium framework to contribute towards filling this gap. Our economy …. The analysis finds that, contrary to widely-shared perceptions, the short-run effects of FDI-friendly policies on the …
Persistent link: https://www.econbiz.de/10011527415
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Migration and globalization : what's in it for developing countries?
Rapoport, Hillel - 2016
This paper reviews a growing literature on migration and globalization, focusing on its relevance for developing and emerging economies. It documents the role of diaspora networks in enhancing cross-border flows of goods, capital, and knowledge, eventually contributing to efficient...
Persistent link: https://www.econbiz.de/10011518125
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Diaspora externalities : a view from the South
Rapoport, Hillel - 2018
global South. It is split into two parts: a first section reviews the effect of diaspora networks on trade, foreign …
Persistent link: https://www.econbiz.de/10011806518
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Chinese capital flows to African economies and real bilateral exchange rates
Frenzel Baudisch, Coletta - 2019
Since the turn of the millennium, China opened up internationally both in terms of its current account (trade) and its … that capital flows from China to Africa in the form of mainly economic cooperation projects, but also FDI contribute to an …
Persistent link: https://www.econbiz.de/10011992320
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The impact of foreign direct investment, foreign aid and trade on poverty reduction : evidence from Sub-Saharan African countries
Anetor, Friday Osemenshan; Esho, Ebes; Verhoef, Grietjie - In: Cogent economics & finance 8 (2020) 1, pp. 1-14
Despite postulations on the effects of foreign direct investment (FDI), foreign aid, and trade on growth, empirical … twenty-nine countries in Sub-Saharan Africa between the period 1990-2017 to analyze the effects of FDI, trade, and foreign … that FDI and foreign aid have a negative effect on poverty reduction in the countries studied. These results suggest that …
Persistent link: https://www.econbiz.de/10012219264