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We analyze the determinants of IMF lending since the early nineties, a period during which the roles of financial cycles and interconnectedness as amplifiers and transmitters of economic crises have gained prominence. First, we show that the global financial cycle is an important driver of IMF...
Persistent link: https://www.econbiz.de/10012950391
External exposure can be measured by the sensitivity of first and second moments of economic growth to openness and foreign shocks. This paper provides an empirical evaluation of external exposure using panel data methods for a worldwide sample of countries. Controlling for domestic conditions,...
Persistent link: https://www.econbiz.de/10014061959
leads to a stable world income distribution. This is because specialization and trade introduce de facto diminishing returns … cross-sectional behavior of the world economy is similar to that of existing exogenous growth models: Cross … exhibit conditional convergence as in the Solow-Ramsey model. The dispersion of the world income distribution is determined by …
Persistent link: https://www.econbiz.de/10014139207
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital acquisition. We use the standard system GMM approach as well as...
Persistent link: https://www.econbiz.de/10013111408
This paper analyzes the welfare benefits from falling relative prices of IT (information technology) goods across a wide range of countries. We find, using two separate methodologies and datasets, that welfare benefits mainly accrue to users of IT, not their producers, because of falling...
Persistent link: https://www.econbiz.de/10013317887
these stylized facts with a stable world income distribution.This paper is the first to document why cross-country export …
Persistent link: https://www.econbiz.de/10013322727
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital acquisition. We use the standard system GMM approach as well as...
Persistent link: https://www.econbiz.de/10013114716
account imbalances is rather significant, with the People's Republic of China accounting for the lion's share of the region …
Persistent link: https://www.econbiz.de/10011283431
The antecedent studies have designed new funding with the intellectual capital money (IKM) upon trading the intellectual capital (IK) to ensure unimpeded access to it and spur its generation and exploitation. This piece examines the static and dynamic behavior of IKM in an open economy. The...
Persistent link: https://www.econbiz.de/10014346507
This paper examines the role played by India in the negotiations at the WTO platform post-adoption of the 'Agreement on Agriculture' and its agenda for future. The chapterization of the paper is as under:(I) Introduction(II) Agreement on Agriculture: Basic Tenets(III) Agriculture: Post Uruguay...
Persistent link: https://www.econbiz.de/10012711118