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This paper sheds new light on the “trade costs” of sovereign default. It argues that the decline in trade in the wake of sovereign debt crises documented in earlier studies is the result of a reduction in exporters' access to foreign credit. Using an annual panel of 28 industries in 100...
Persistent link: https://www.econbiz.de/10013103916
findings is that politics do matter, and international banks tend to have political preferences; annual growth in bank flows …
Persistent link: https://www.econbiz.de/10012444751
Fiscal policy and net capital inflows in developing countries are procyclical. A large amount of literature has examined this phenomenon and explored its consequences for aggregate fluctuations. Multilateral development banks (MDBs) are an important source of external finance for governments and...
Persistent link: https://www.econbiz.de/10012238386
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
We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between … contribute to expanding the host country's capital stock. The model suggests that greenfield FDI has a stronger impact on growth … than M&A sales. This hypothesis is supported by our empirical results, which show that greenfield FDI enhances growth …
Persistent link: https://www.econbiz.de/10009376718
physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …
Persistent link: https://www.econbiz.de/10012696550
economic growth of CEMAC member countries, and on the other hand to examine the role of institutions in the transmission of … 2015 oil crisis. Finding: From our findings, mineral rent has a positive and significant effects on economic growth … of governance do not play a role in the transmission of the positive effects of mineral rent on economic growth. Research …
Persistent link: https://www.econbiz.de/10012293080
The 2017 Spring Meetings coincided with the surprise calling of snap general elections in the UK and military tensions in the Yellow Sea. Our postwar social contract has to cope with unprecedented shocks: Britain's thorny withdrawal from the EU, worsening Migrant Crisis, rise in populist...
Persistent link: https://www.econbiz.de/10012853368
Economic Forum (SEF). ESG, impact investing, renewable energy and the notion of green growth are also discussed by the co …
Persistent link: https://www.econbiz.de/10013239026
-Pacific nations whose economies now constitute the engines of global growth”The upcoming G7 Pensions dialogue held in London and via …
Persistent link: https://www.econbiz.de/10013230688