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Equilibrium Growth in a Small Economy Facing an Imperfect World Capital Market

Turnovsky, Stephen J. - 1999

A growth model of a developing economy facing an upward sloping supply curve of debt is analyzed. Equilibrium is characterized by transitional dynamics in which consumption, capital, and debt converge to a common growth rate. The adjustment is through the debt-capital ratio, which drives the...

Persistent link: https://www.econbiz.de/10014073183

Income Distribution and Economic Crises

Neyapti, Bilin - 2015

This paper analyzes the relationship between income distribution and the severity of economic crises, where the severity is measured by the length and the depth of the recessions. Using an extensive panel dataset on income distribution and employing an event study framework, we find significant...

Persistent link: https://www.econbiz.de/10013010904

Sectoral Economic Downturns and Costs of Financial Crises

Celiku, Bledi - 2018

This paper studies the features of sectoral economic downturns in agriculture, industry and services sectors using an extensive database of 127 countries for the period 1970-2013. Our analysis shows that there are stark differences in the frequency and severity of economic downturns across...

Persistent link: https://www.econbiz.de/10012930720

Corruption and crisis : do institutions matter?

Saha, Shrabani; Sen, Kunal - 2022

While the short-term effects of the COVID-19 pandemic on lives and livelihoods are well understood, we know little about the effect of the pandemic for longer-term outcomes such as corruption. We look at the historical data on political and economic crises to assess what we can learn from the...

Persistent link: https://www.econbiz.de/10013173620

Coups and economic crises

Bjørnskov, Christian - 2022

This paper explores whether coups cause increased crisis risk, and if some types of coups are associated with stronger risk. I use a worldwide sample with data on more than 1200 onsets of economic crisis between 1950 and 2019, treat separate effects of military and civilian coup attempts, and...

Persistent link: https://www.econbiz.de/10013490611

Ideologies of Globalization and Sovereign Debt : Cuba and the IMF

Backer, Larry Catá - 2014

Persistent link: https://www.econbiz.de/10012752411

International Financial Institutions (IFIs) and Sovereign Wealth Funds — SWFs, Internal Improvement and the Socialization of Developing States

Backer, Larry Catá - 2015

ways in which stabilization and development SWFs may better serve financial globalization than the particular interest of … workings of states. In this sense, development and stabilization SWFs serve as an instrument of globalization from the top down …

Persistent link: https://www.econbiz.de/10013033458

Choosing sides in the trilemma : international financial cycles and structural change in developing economies

Cimoli, Mario; Ocampo Gaviria, José Antonio; Porcile, … - 2017 - This version: May 01 2017

This paper analyzes the impact of international financial cycles on structural change in developing economies. It is argued that the impact of these cycles depend on the specific combination of macroeconomic and industrial policies adopted by the developing economy. The cases of Brazil and...

Persistent link: https://www.econbiz.de/10011741975

The S-curve : understanding the dynamics of worldwide financial liberalization

Li, Nan; Papageorgiou, Chris; Xu, Tong; Zha, Tao - 2021

Using a novel database of domestic financial reforms in 90 countries from 1973 to 2014, we document that global financial liberalization followed an S-curve path: reforms were slow and gradual in early periods, accelerated during the 1990s, and slowed down after 2000. We estimate a learning...

Persistent link: https://www.econbiz.de/10012590066

Competitiveness of the Southeast European countries in the conditions of the globalization

Živković, Jelena - In: Ekonomske teme 59 (2021) 4, pp. 479-496

Globalization is a process often identified with the economic integration of countries, the creation of a single market … while neglecting other aspects of globalization. Besides its economic dimension, The KOF index of globalization includes the … the international market in the age of globalization. Is it challenging to maintain a stable competitive position in the …

Persistent link: https://www.econbiz.de/10013266169