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In addition to the wide believed positive effects on growth, employment and wages, FDIs are often perceived as sources of funds for development. Developing countries, especially low income and emerging economies, welcome FDIs because of their favorable budgetary implications. All that resulted...
Persistent link: https://www.econbiz.de/10011526595
Aid flows are included into the standard cross-country catch-up relation. Robustness of the result is tested by changing time periods and by adding extra variables. The main results are: Absolute convergence and absolute aid effectiveness are both rejected. While conditional convergence is...
Persistent link: https://www.econbiz.de/10014217219
This study examines the effects of the tax structure composition for public sector efficiency in a sample of 41 developing countries for the period between 1997-2019. We start by calculating Public Sector Performance (PSP) composite indicators and use them as outputs to compute data envelopment...
Persistent link: https://www.econbiz.de/10014393239
Conventional wisdom suggests that marginal damages from particulate matter pollution are high in less-developed countries because they are highly polluted. Using administrative data on the universe of births and deaths, we explore birthweight and mortality effects of gestational particulate...
Persistent link: https://www.econbiz.de/10012599044
Recent efforts to forge a consensus on the role developing countries should play in reducing global greenhouse gas emissions have focused attention on climate friendly technologies (CFTs). The effectiveness of technology-based climate strategies will depend critically on the rates at which CFTs...
Persistent link: https://www.econbiz.de/10012749886
Much of what we know about the marginal effect of pollution on infant mortality is derived from developed country data. However, given the lower levels of air pollution in developed countries, these estimates may not be externally valid to the developing country context if there is a nonlinear...
Persistent link: https://www.econbiz.de/10014166271
The Environmental Kuznets Curve (EKC) hypothesis advances an inverted U-shaped relationship between economic growth and environmental pollution. Scholars have estimated turning point incomes for various pollutants within and across countries. However, the majority of these studies were conducted...
Persistent link: https://www.econbiz.de/10012983525
This paper investigates the predictability of asset prices among developed and emerging markets. Weekly and monthly stock market indices from developed and emerging market economies are analysed to check the validity of weak-form of Efficient Market Hypothesis (EMH) using various empirical...
Persistent link: https://www.econbiz.de/10013101494
We identify a set of “rules of thumb” that characterise economic, financial and structural conditions preceding the onset of banking and currency crises in 36 advanced economies over 1970-2010. We use the Classification and Regression Tree methodology (CART) and its Random Forest (RF)...
Persistent link: https://www.econbiz.de/10013020638
We investigate how urban concentration and urbanization affect economic growth in developing countries. Using semi-parametric estimation techniques on a cross-country panel of 39 countries for the years 1960-1990 we discover a U-shaped relationship for urban concentration. this suggests the...
Persistent link: https://www.econbiz.de/10014074704