We argue that how inward foreign direct investment (FDI) affects domestic investment (DI) depends on the degree of financial deregulation. Utilizing the Chinese experience and its panel data, instrumenting FDI with weather indicators (validity supported by over-identification tests), our...

This paper examines the gender wage gap as well as male and female earnings as a function of within-firm tenure in the Czech Republic during 2004-2008. Using segmented regression, the wage gap and tenure were found positively correlated for approximately the first five years of within-firm...

The speed with which macro variables in the money market adjust toward their long-run equilibrium values has great implication for the effectiveness of monetary policy. Previous research shows that the adjustment speed is higher in more open economies. In this paper, we introduce three...

Recent empirical evidence on the direct link of inflation targeting and inflation volatility is at best mixed. However, comparing inflation volatility across alternative monetary policy regimes within a country based on conventional ways, used in previous studies, begs the question. The question...

Foreign direct investment (FDI) has contributed significantly to the transformation of the Malaysian economy, as reflected by the changing composition of its exports and the rising share of FDI in gross fixed capital formation (GFCF). By the late 1990s, Malaysia ranked third after Singapore and...

This paper investigates the determinants of savings in Asia and compares them with those of the economies in Latin America. The evidence based reveals that countries in the two regions share some common features with respect to their savings rates that are largely affected by (1) international...

In this paper we aim to analyze the productivity spillovers of foreign affiliated and domestic firms in Turkish manufacturing industries. As a novelty inter-sectoral linkages are modeled through the use of spatial models. Our results indicate the existence of positive and significant...

The paper distinguishes between 'immediate measures of the quality of civil administration' (IM-QCA), such as corruption, and the 'final measure of the quality of civil administration' (FM-QCA), which is the growth performance of an economy. The paper argues that, instead of being monotonic and...

This paper examines the impact of accelerating privatization and trade liberalization initiatives on wage and job quality outcomes of the working poor in the Egyptian manufacturing sector. Determinants of wage and job quality are estimated using panel and quantile regression methods and...

Globalization of the early 1990s is thought to have caused the loss of monetary-policy independence in India. I find that India's monetary-policy independence is anchored in the exchange-rate regime along with its state of foreign-exchange reserves, and not necessarily in globalization per se....