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Geography and the Determinants of Firm Exports in Indonesia

Farole, Thomas; Rodriguez-Pose, Andres; Tselios, Vassilis; … - C.E.P.R. Discussion Papers - 2013

This paper uses data from the Indonesian manufacturing census in order to uncover the determinants of firm exports over the period 1990-2005. We examine to what extent differences in firm export propensity and intensity are a consequence of firm-level (microeconomic), of place-based...

Persistent link: https://www.econbiz.de/10011084523

Chinese Currency Controversies

Eichengreen, Barry - C.E.P.R. Discussion Papers - 2004

This Paper reviews the controversy over China’s exchange rate regime. Placing the issue in the context of the literature on exit strategies, it argues that now is the best time for China to exit from its peg. Moving to a managed float would be in the country’s own interest; it would help the...

Persistent link: https://www.econbiz.de/10005067647

The Early Modern Great Divergence: Wages, Prices and Economic Development in Europe and Asia, 1500-1800

Broadberry, Stephen N; Gupta, Bishnupriya - C.E.P.R. Discussion Papers - 2005

Contrary to the claims of Pomeranz, Parthasarathi and other ‘world historians’, the prosperous parts of Asia between …. The ‘Great Divergence’ between Europe and Asia was already well underway before 1800. …

Persistent link: https://www.econbiz.de/10005666692

Prospective Deficits and the Asian Currency Crises

Burnside, Craig; Eichenbaum, Martin; Rebelo, Sérgio - C.E.P.R. Discussion Papers - 1998

This paper argues that the recent Southeast Asian currency crises was caused by large prospective deficits associated with implicit bailout guarantees to failing banking systems. We articulate this view using a simple dynamic general equilibrium model whose key feature is that a speculative...

Persistent link: https://www.econbiz.de/10005124184

Inflation Targeting and Inflation Persistence in Asia

Gerlach, Stefan; Tillmann, Peter - C.E.P.R. Discussion Papers - 2010

Following the Asian financial crisis in 1997-98, a number of Asian central banks adopted inflation targeting. We explore how successful this framework has been by looking at the persistence of inflation, as measured by the sum of the coefficients in an autoregressive model for inflation, using a...

Persistent link: https://www.econbiz.de/10008684680

Macroeconomic Consequences of Terror: Theory and the Case of Israel

Eckstein, Zvi; Tsiddon, Daniel - C.E.P.R. Discussion Papers - 2004

relative to the present is reduced. Hence, due to a rise in terror activity, investment goes down, and in the long run income …

Persistent link: https://www.econbiz.de/10005504271

Decentralized Trade, Entrepreneurial Investment and the Theory of Unemployment

Coles, Melvyn G - C.E.P.R. Discussion Papers - 1996

and investment, so it may take some time before an unemployed worker finds a job. Wages are determined by bargaining. A … subsidize entrepreneurial investment (there is a wage bargaining distortion and a search externality), simulations show that the …

Persistent link: https://www.econbiz.de/10005504418

Death and Development

Lorentzen, Peter L.; McMillan, John; Wacziarg, Romain - C.E.P.R. Discussion Papers - 2005

fertility, and lower investment in physical and human capital. Furthermore, the feedback effect from economic prosperity to …

Persistent link: https://www.econbiz.de/10005504520

Natural Resources and Economic Growth: The Role of Investment

Gylfason, Thorvaldur; Zoega, Gylfi - C.E.P.R. Discussion Papers - 2001

and investment. When the share of output that accrues to the owners of natural resources rises, the demand for capital … allocation of capital may, however, enhance the quantity as well as the quality of new investment and sustain growth. Empirical … thereby inhibiting economic growth. The results also suggest that abundant natural resources may hurt saving and investment …

Persistent link: https://www.econbiz.de/10005504629

External Debt and Political Instability

Ozler, Sule; Tabellini, Guido - C.E.P.R. Discussion Papers - 1991

This paper provides a theoretical and empirical analysis of the role played by domestic political incentives in the accumulation of large external debts by developing countries between 1972 and 1981. The theoretical model characterizes two equilibrium regimes. In one the borrower is on its...

Persistent link: https://www.econbiz.de/10005504639