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Persistence of underdevelopment: Does the type of natural resource endowment matter?

Perälä, Maiju - 2003

This paper examines growth successes and failures across countries and notes the latter’s perplexing predominance among ex ante low-income economies. An explanation for this persistence of underdevelopment is proposed through an empirical investigation that brings forth evidence on the...

Persistent link: https://www.econbiz.de/10010279017

Explaining the migration of stocks from exchanges in emerging economies to international centres

Claessens, Stijn; Kingebiel, Daniela; Schmukler, Sergio L. - 2002

The purpose of the study is two-fold. First, it examines whether Internet usage converges across the geographical space comprising the European Union and Central and Eastern Europe (CEE). Second, it aims to expand the currently rather limited empirical evidence on the determinants of Internet...

Persistent link: https://www.econbiz.de/10010279025

(Re)Distribution of personal incomes, education and economic performances across countries

Rehme, Günther - 2002

In many OECD countries income inequality has risen, but surprisingly redistribution has as well. The theory attributes this partly to the redistributive effect of education spending. In the model income inequality and growth depend in an inverted U-shaped way on education. To maintain a given...

Persistent link: https://www.econbiz.de/10010279047

Bilateral donors' aid allocation decisions: A tree-dimensional panel analysis

Berthélemy, Jean-Claude; Tichit, Ariane - 2002

The present paper adds to the already large existing literature on aid distribution as it runs an equation on bilateral aid allocation on a very rich dataset, covering 20 years (1980-99), 22 donors and 137 recipients, which permits a three-dimensional panel study (recipient-year-donor) and...

Persistent link: https://www.econbiz.de/10010279063

Institutional investors, corporate ownership and corporate governance: Global perspectives

Gillan, Stuart L.; Starks, Laura T. - 2002

activism. We then examine differences in ownership structures around the world and the implications of the interactions of …

Persistent link: https://www.econbiz.de/10010279069

Income distribution changes and their impact in the post- World War II period

Cornia, Giovanni Andrea; Addison, Tony; Kiiski, Sampsa - 2003

This paper analyses the trends in within-country inequality during the post- World War II period, with particular … trends in 73 countries accounting for 80 per cent of the world’s population and 91 per cent of world GDP-PPP. The paper …, it marks a clear departure from that observed during the first 30 years of the post-World War II period during which …

Persistent link: https://www.econbiz.de/10010279071

By how much does conflict reduce financial development?

Addison, Tony; Chowdhury, Abdur R.; Murshed, S. Mansoob - 2002

Financial development is vulnerable to social conflict. Conflict reduces the demand for domestic currency as a medium of exchange and a store of value. Conflict also leads to poor quality governance, including weak regulation of the financial system, thereby undermining the sustainability of...

Persistent link: https://www.econbiz.de/10010279092

Financial crises and national policy issues: An overview

Ffrench-Davis, Ricardo - 2002

In this overview we try to explain, first, why funds continued to flow towards emerging economies while fundamentals in host countries had been deteriorating before the Asian crisis (rising external deficit, with a significant liquid component appreciating exchange rates; low capital formation,...

Persistent link: https://www.econbiz.de/10010279100

Growth, economic development and structural transition in small vulnerable states

Read, Robert - 2001

This paper reviews the critical theoretical and policy issues relating to growth, economic development and structural transition in small states. The paper discusses alternative perspectives on small size and highlights the salient characteristics which give rise to their economic...

Persistent link: https://www.econbiz.de/10010279120

Countercyclical fiscal policy: A review of the literature, empirical evidence and some policy proposals

Budnevich L., Carlos - 2002

For many emerging market economies, over reliance on monetary policy may bring worse macro results, when compared to a more balanced framework of countercyclical fiscal and monetary policy. The use of countercyclical fiscal policy requires as a precondition solvent and sustainable fiscal...

Persistent link: https://www.econbiz.de/10010279125