This paper investigates the determinants of economic growth in low-income countries in Asia. Estimates from standard growth regressions using data for 146 developing countries for the period 1970-2000 indicate that a higher investment-to-GDP ratio, openness, primary school enrolment and rule of...

Notwithstanding the effects of the expansive policies in the advanced economies, due to the 2008 financial crises, could raise their interest rates, generating a crowding-out effect over emerging market debt, this relation could not hold given the better fiscal position of these economies, such...

We extend the literature on budget deficits and interest rates in three ways: we examine both advanced and emerging economies and for the first time a large emerging market panel; explore interactions to explain some of the heterogeneity in the literature; and apply system Generalized Method of...

An important consequence of the recent financial crisis was the collapse of global trade. Using data of Chilean exporting firms, this paper studies the effect of financial constraints on export growth in the aftermath of the crisis. Our results show that both overall financing and export credit...

We extend the literature on budget deficits and interest rates in three ways: we examine both advanced and emerging economies and for the first time a large emerging market panel; explore interactions to explain some of the heterogeneity in the literature; and apply system GMM. There is overall a...

In response to the high and chronic inflation that has plagued the developing world since the 1980's, countries adopted different stabilization policies. However, to what extent these stabilization programs were designed for political rather than economic motivations is not clear. Nor is it...