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Growth-cycle nexus
Kodama, Masahiro - Institute of Developing Economies, Japan External Trade … - 2013
This research sheds light on the negative correlation between economic growth and business cycle in less developed economies. Whereas many previous studies explain the negative correlation from a viewpoint in which business cycle affects economic growth, we attempt to present a hypothesis based...
Persistent link: https://www.econbiz.de/10010625274
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When unstable, growth is less pro-poor
Guillaumont, Patrick; Korachais, Catherine - 2010
Macroeconomic instability has been increasingly considered as a factor lowering average income growth and, in this way, is a factor slowing down poverty reduction. But it can also result in slower poverty reduction for a given average rate of growth, due to poverty traps, often examined at the...
Persistent link: https://www.econbiz.de/10008662270
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The Rising Resilience of Emerging Market and Developing Economies
Abiad, Abdul G. - 2016
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 document...
Persistent link: https://www.econbiz.de/10013007644
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Changes in the Effects of Bank Lending Shocks and Development of Public Debt Markets
Choi, Sangyup - 2019
This paper investigates whether the effect of bank lending shocks has changed over time using a sign-restriction Vector Autoregression approach. To the extent to which the effect of bank lending shocks depends critically on firms' ability to access alternative sources of financing, the rapid...
Persistent link: https://www.econbiz.de/10012871078
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Credit Booms and Macroeconomic Dynamics : Stylized Facts and Lessons for Low-Income Countries
Arena, Marco - 2015
Using a comprehensive database on bank credit, covering 135 developing countries over the period 1960–2011, we identify …, document, and compare the macro-economic dynamics of credit booms across low- and middle-income countries. The results suggest … that while the duration and magnitude of credit booms is similar across country groups, macro-economic dynamics differ …
Persistent link: https://www.econbiz.de/10013027670
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Technology and Demand Drivers of Productivity Dynamics in Developed and Emerging Market Economies
Dieppe, Alistair; Francis, Neville; Kindberg-Hanlon, Gene - 2021
Frequently, factors other than structural developments in technology and production efficiency drive changes in labor productivity in advanced and emerging market and developing economies (EMDEs). This paper uses a new method to extract technology shocks that excludes these influences, resulting...
Persistent link: https://www.econbiz.de/10013233716
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Technology and demand drivers of productivity dynamics in developed and emerging market economies
Dieppe, Alistair; Francis, Neville; Kindberg-Hanlon, Gene - 2021
Frequently, factors other than structural developments in technology and production effi- ciency drive changes in labor productivity in advanced and emerging market and developing economies (EMDEs). This paper uses a new method to extract technology shocks that ex- cludes these in uences,...
Persistent link: https://www.econbiz.de/10012499558
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Macroprudential Policy, Incomplete Information and Inequality : The Case of Low-Income and Developing Countries
Unsal, Filiz - 2017
-varying (active) policy which responds to credit developments. Results show that with perfect and timely information, an active …
Persistent link: https://www.econbiz.de/10012956489
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An Investigation of Return and Volatility Linkages Among Stock Markets : A Study of Emerging Asian and Selected Developed Countries
Bhowmik, Roni - 2019
This article investigates returns and volatility linkages among stock markets, including emerging Asian (e.g., India, China, Bangladesh, Malaysia, Philippine, and South Korea) stock markets and developed (e.g., United States, United Kingdom, Japan, and Singapore) stock markets. During the sample...
Persistent link: https://www.econbiz.de/10012895619
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Pricing Sovereign Debt in Resource-Rich Economies
McGregor, Thomas - 2019
How do oil price movements affect sovereign spreads in an oil-dependent economy? I develop a stochastic general equilibrium model of an economy exposed to co-moving oil price and output processes, with endogenous sovereign default risk. The model explains a large proportion of business cycle...
Persistent link: https://www.econbiz.de/10012858384