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Aid, Political Business Cycles and Growth in Africa
Chiripanhura, Blessing M. - 2014
and/or monetary stimuli to foster economic growth and thus, maximize the probability of re-election. Using a panel dataset … have an effect on growth. We find evidence to support the most recent studies showing that aid has a positive impact on … growth. We however, do not find evidence to support the proposition that institutional quality is a sine qua non conditional …
Persistent link: https://www.econbiz.de/10013044359
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Heterogeneous impacts of commodity price shocks on labour market outcomes : evidence and theory for the Chilean mining sector
Valenzuela, José - In: Latin American economic review : LAER ; official … 33 (2024), pp. 1-48
Using data for the Chilean mining sector, we provide SVAR evidence in order to answer the research question regarding what are the distributional consequences that commodity price shocks have in labour market outcomes for heterogeneous workers at business cycles frequencies in a Small Open...
Persistent link: https://www.econbiz.de/10014636659
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Choosing the European fiscal rule
Buss, Ginters; Grüning, Patrick; Tkačevs, Oļegs - In: Baltic journal of economics 24 (2024) 1, pp. 116-144
Keynesian small open economy model. If these fiscal rules are implemented one at a time, having just an expenditure growth rule … expenditure definition in the expenditure growth rule, in particular the removal of debt service payments. The expenditure growth …-term public debt convergence. There is a welfare gain for households from having only an expenditure growth rule. …
Persistent link: https://www.econbiz.de/10015065544
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How applicable are the new Keynesian DSGE models to a typical low-income economy?
SENBATA, Sisay Regassa - Faculteit Toegepaste Economische Wetenschappen, … - 2011
Saharan Africa. To this effect, we first review the development, criticisms and recent advances in DSGE modeling. Then we …
Persistent link: https://www.econbiz.de/10009353450
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Foreign exchange constraints and macroeconomic dynamics in a small open economy
SENBETA, Sisay Regassa - Faculteit Toegepaste Economische Wetenschappen, … - 2013
Firms in most low-income countries depend almost entirely on imported capital and intermediate inputs. As a result, the availability and cost of foreign exchange play a crucial role on the macroeconomic performance of these countries. In this study we introduce foreign exchange constraints that...
Persistent link: https://www.econbiz.de/10010710032
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A small open economy New Keynesian model for a foreign exchange constrained economy
Senbeta, Sisay - Volkswirtschaftliche Fakultät, … - 2011
Firms in many low income countries depend entirely on imported capital and intermediate inputs. As a result, in these countries economic activity is considerably influenced by the capacity of the economy to import these inputs which, in turn, depends on the availability and cost of foreign...
Persistent link: https://www.econbiz.de/10008924815
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A small open economy new Keynesian DSGE model for a foreign exchange constrained economy
SENBETA, Sisay Regassa - Faculteit Toegepaste Economische Wetenschappen, … - 2011
Firms in many low income countries depend entirely on imported capital and intermediate inputs. As a result, in these countries economic activity is considerably influenced by the capacity of the economy to import these inputs which, in turn, depends on the availability and cost of foreign...
Persistent link: https://www.econbiz.de/10009021648
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How applicable are the new keynesian DSGE models to a typical low-income economy?
Senbeta, Sisay - Volkswirtschaftliche Fakultät, … - 2011
Saharan Africa. To this effect, we first review the development, criticisms and recent advances in DSGE modeling. Then we …
Persistent link: https://www.econbiz.de/10009021960
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Business cycle synchronisation in the ECOWAS region
Egbuna, Ngozi Eunice; John-Sowe, Maimuna; Kargbo, … - 2020
Countries of the Economic Community of West African States (ECOWAS) are heterogeneous, characterized by marked differences in production and export structures, divergent levels of inflation rates and fiscal positions. These features suggest that there is a greater tendency for the transmission...
Persistent link: https://www.econbiz.de/10013342069