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China's march to prosperity : reforms to avoid the middle-income trap
Koen, Vincent; Herd, Richard; Hill, Sam - 2013
economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7 …% at the 2020 horizon. However, in order to sustain vigorous growth and improve the well-being of most citizens, renewed …-friendly growth. …
Persistent link: https://www.econbiz.de/10010231008
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Can reforms promoting growth increase financial fragility? : an empirical assessment
Caldera Sánchez, Aida; Gori, Filippo - 2016
Certain growth-promoting policies can have negative side-effects by increasing the vulnerability of economies to … investigates whether the growth benefits of policy reforms in these growth-enhancing areas, and others such as trade openness … economies from 1970 to 2010. The results suggest that the pro-growth effects of greater capital account openness outweigh the …
Persistent link: https://www.econbiz.de/10011578174
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Capital flow deflection under the magnifying glass
Gori, Filippo; Lepers, Etienne; Mehigan, Caroline - 2020
In a financially interconnected world, individual countries’ policy choices affect other economies and can become a source of international shocks. Leveraging on a new quarterly dataset of capital control adjustments, we find renewed evidence that the introduction of capital controls in one...
Persistent link: https://www.econbiz.de/10012304410
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Findings of the recent literature on international capital flows : implications and suggestions for further research
Guichard, Stéphanie - 2017
Financial globalisation has given international capital flows a central role in the functioning of the global economy and has therefore led to considerable economic research over the past 30 years. Making the most of capital flows by allowing countries to reap their benefits while reducing...
Persistent link: https://www.econbiz.de/10011732711
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Five years in a balloon : estimating the effects of euro adoption in Slovakia using the synthetic control method
Žúdel, Branislav; Melioris, Libor - 2016
We analyse the effect of Slovakia’s euro adoption in 2009 on the country’s economic performance by using the synthetic control method. This method compares Slovakia’s economic performance with that of a weighted combination of comparable Central European economies that have remained...
Persistent link: https://www.econbiz.de/10011577856
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The negative effect of regulatory divergence on foreign direct investment
Fournier, Jean-Marc - 2015
The determinants of foreign direct investment (FDI) are explored with gravity models, using a Poisson estimator and a linear estimator, both with fixed effects. The heterogeneity of product market regulations has a large and robust impact on cross-border investment: a reduction of regulatory...
Persistent link: https://www.econbiz.de/10011399706
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Reforming policies for the business sector to harvest the benefits of globalisation in the Netherlands
Gerritsen, Mathijs; Høj, Jens - 2013
and economic growth over the latest decades. Looking ahead, the Netherlands needs to shift the trade and investment …
Persistent link: https://www.econbiz.de/10009696081
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The determinants of Foreign Direct Investment : do statutory restrictions matter?
Mistura, Fernando; Roulet, Caroline - 2019
Over the past two decades, governments worldwide have continued to liberalise restrictions on international investment with only occasional relapses. Yet, FDI liberalisation remains an unfinished agenda in various parts of the world and across sectors. This paper sheds light on their potential...
Persistent link: https://www.econbiz.de/10012147278
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The changing role of the exchange rate for macroeconomic adjustment
Ollivaud, Patrice; Rusticelli, Elena; Schwellnus, Cyrille - 2015
Recent episodes of large exchange rate movements, such as for Japan or the United Kingdom, have typically not been associated with large changes in trade balances and despite the polarisation of international investment positions large currency fluctuations during the global crisis of 2008-09...
Persistent link: https://www.econbiz.de/10011392842
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Policy options to durably resolve euro area imbalances
Guillemette, Yvan; Turner, David - 2013
A simple econometric framework is presented linking current account balances of euro area countries to intra and extra euro area competitiveness, cyclical positions, fiscal positions and the oil price. The framework is then used to cyclically-adjust observed current account balances and...
Persistent link: https://www.econbiz.de/10009767761