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Since 1988, Professor Geoffrey Wood of the Sir John Cass Business School, has written a regular column in the IEA's journal, Economic Affairs, in which he exposes popular economic fallacies. Fifty Economic Fallacies Exposed collects fifty of these columns and exposes numerous common fallacies....
Persistent link: https://www.econbiz.de/10014066574
The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling …. This effect is significant and robust over a wide range of specifications. We unravel the effects of volatility by opening … dependence, physical and institutional barriers to trade and associated policy shocks increase volatility sharply and harm growth …
Persistent link: https://www.econbiz.de/10003832092
This paper reviews both the literature on aid volatility and also adds to that literature. In general, the focus of … this literature has been on the volatility of overall aid, while we focus more on the volatility of the individual aid … commitments and disbursements, particularly the latter. Key aid sectors in explaining total aid volatility relate to debt …
Persistent link: https://www.econbiz.de/10009516697
The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling …. This effect is significant and robust over a wide range of specifications. We unravel the effects of volatility by opening … dependence, physical and institutional barriers to trade and associated policy shocks increase volatility sharply and harm growth …
Persistent link: https://www.econbiz.de/10012753136
the volatility of interest rates at which emerging economies borrow from international financial markets, and study the … statistical relationship of such regimes with episodes of sudden stops. Periods of high volatility tend to be persistent and are … documented in previous literature (Neumeyer and Perri, 2005) and that high-volatility regimes forecast sudden stops 6 and 12 …
Persistent link: https://www.econbiz.de/10011709761
This paper measures the macroeconomic impact of recent political crisis, protest and uprisings in Africa with the generalized synthetic control method and evaluates the role played by natural resource dependence on the modulation of the impact. We find that political crisis, protests and...
Persistent link: https://www.econbiz.de/10012650707
Which incentives have the strongest impact on the size of the shadow economy? Is it about government's pressure against entrepreneurs operating in this sector, or is it about the benefits of legality? The goal of this paper is to explicitly contrast the role of sticks (court repressiveness) and...
Persistent link: https://www.econbiz.de/10011620553
In spite of the rapidly growing research on fiscal multipliers over the recent years, little evidence has been so far accumulated in developing and emerging economies. This paper investigates the nature and the size of fiscal multipliers in Central and Eastern European Countries (CEEC). Unlike...
Persistent link: https://www.econbiz.de/10012992087
Persistent link: https://www.econbiz.de/10003674603
The paper deals with main directions of Russia's economic policy in the first half of 2000's. The author speaks about the outcome of economic reforms which took place during the period. He also draws conclusions on what the future economic policy may be
Persistent link: https://www.econbiz.de/10013101385