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Sri Lanka's Post-conflict Development Challenge: Learning from the Past

Athukorala, Prema-chandra - Crawford School of Public Policy, Australian National … - 2014

The end of the ethnic conflict in Sri Lanka in 2009 generated widespread expectations of a period of sustained economic growth, building on the achievements of the liberalisation reforms sustained over three previous decades. However, recent developments have dampened that optimism, rekindling...

Persistent link: https://www.econbiz.de/10010762628

Donors’ Openness to Immigration and the Effectiveness of Foreign Aid

Minasyan, Anna; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2015

We argue that donors could improve the effectiveness of foreign aid by pursuing complementary and coherent non-aid policies. In particular, we hypothesize that aid from donors that are open to immigration has stronger growth effects than aid from closed donors. We estimate the aid-growth nexus...

Persistent link: https://www.econbiz.de/10011123767

The finance-growth nexus revisited: From origins to a modern theoretical landscape

Stolbov, Mikhail - Institut für Weltwirtschaft (IfW) - 2012

The paper is a survey of theoretical and empirical approaches applied to analyze the impact of financial system on economic growth. The key issues of the modern theories of the finance-growth nexus are discussed and the theories are classified on the basis of the methodology they rely on. The...

Persistent link: https://www.econbiz.de/10010956028

Equity market liberalization, credit constraints and income inequality

Sun, Puyang; Sen, Somnath; Jin, Shujing - Institut für Weltwirtschaft (IfW) - 2012

This paper provides compelling evidence that equity market liberalization, the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the accumulation of human capital. We examine the impact...

Persistent link: https://www.econbiz.de/10010956105

Government Ideology in Donor and Recipient Countries: Does Political Proximity Matter for the Effectiveness of Aid?

Dreher, Axel; Minasyan, Anna; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2013

Political proximity between donor and recipient governments may impair the effectiveness of aid by encouraging favoritism. By contrast, political misalignment between donor and recipient governments may render aid less effective by adding to transaction costs and giving rise to incentive...

Persistent link: https://www.econbiz.de/10010886870

Appreciating the Renminbi

Tyers, Rod; Bain, Iain - Crawford School of Public Policy, Australian National … - 2007

International pressure to revalue China’s currency stems in part from the expectation that rapid economic growth should be associated with an underlying real exchange rate appreciation. This hinges on the Balassa-Samuelson hypothesis, which sees growth as stemming from improvements in traded...

Persistent link: https://www.econbiz.de/10005057564

Total Factor Productivity and Economic Growth in Indonesia

Eng, Pierre van der - Crawford School of Public Policy, Australian National … - 2009

This paper revisits the discussion about the contribution of Total Factor Productivity (TFP) growth to Indonesia’s economic growth during 1970-2007. It re-estimates the contribution of TFP to economic growth during this period on the basis of new estimates of GDP, capital stock,...

Persistent link: https://www.econbiz.de/10005115702

Capital Formation and Capital Stock in Indonesia, 1950-2007

Eng, Pierre van der - Crawford School of Public Policy, Australian National … - 2008

This paper presents long-term estimates of gross fixed capital formation for 1951-2007 that are disaggregated by categories of productive assets. These data, combined with approximations of probable average asset lives and a feasible asset retirement method are used in a Perpetual Inventory...

Persistent link: https://www.econbiz.de/10005106856

A reappraisal of the inflation-unemployment tradeoff

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2005

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … effects. Although our theory contains no money illusion, no permanent nominal rigidities, and no departure from rational … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be …

Persistent link: https://www.econbiz.de/10010955553

Hyperbolic Discounting and the Phillips Curve

Graham, Liam; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2007

hyperbolic discounting leads to inflation having significant long-run effects on real variables. …

Persistent link: https://www.econbiz.de/10005755254