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We examine the impact of resource windfall on the standard of living both in the short-run and long-run, using a sample of 130 countries, 1963-2007. Then, we systematically investigate the effect of resource windfall on welfare in three different groups of countries: We find that in the...
Persistent link: https://www.econbiz.de/10013022269
,890 districts. We find that mineral discoveries and productions positively affect educational IM for primary education in Africa for …
Persistent link: https://www.econbiz.de/10014078542
mobility in Africa …
Persistent link: https://www.econbiz.de/10013305625
This paper investigates the determinants of sustained accelerations in goods and services exports. Strong predictors of export takeoffs include domestic and structural indicators such as lower macroeconomic uncertainty, improved quality of institutions, a depreciated exchange rate, and...
Persistent link: https://www.econbiz.de/10012957850
Macro statistics on foreign direct investment (FDI) are blurred by offshore centers withenormous inward and outward investment positions. This paper uses several new datasources, both macro and micro, to estimate the global FDI network while disentangling realinvestment and phantom investment...
Persistent link: https://www.econbiz.de/10012843512
to be determined by globalization. Relying on a non-linear dynamic panelrepresentation, it reconciles the earlier results … in the literature regarding the two oppositenarratives of the effects of globalization on output growth. Countries … experience higher growth, onaverage, the more open and integrated they are into the world. However, once they reach a …
Persistent link: https://www.econbiz.de/10012918567
The world has become more interconnected over the past few decades. Against this backdrop, economic and financial …
Persistent link: https://www.econbiz.de/10013491953
The paper explores how international integration through global value chains shapes the working of exchange rates to induce external adjustment both in the short and medium run. The analysis indicates that greater integration into international value chains reduces the exchange rate elasticity...
Persistent link: https://www.econbiz.de/10012843296
Global trade growth has slowed since 2012 relative both to its strong historical performance and to overall economic growth. This paper aims to quantify the role of weak economic growth and changes in its decomposition in accounting for the slowdown in trade using a reduced form and a structural...
Persistent link: https://www.econbiz.de/10012928627
are on the aggregate likely motivated by re-exports toinvestor countries rather than to world markets. This contrasts with …
Persistent link: https://www.econbiz.de/10012913915