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"Recent developments in trade theory, especially research on multi-product firms, have not been matched by similar progress on the empirical front. This paper aims to fill this gap by presenting a novel set of stylized facts on firm-product dynamics observed during an export boom. This exercise...
Persistent link: https://www.econbiz.de/10010521036
introduction of new export products, (2) export diversification measured by an index of export-revenue concentration, and (3) on …"Recent research highlights the relationship between economic development and productive diversification, which may be … hindered by market failures. After identifying stages of diversification in disaggregated export data, the authors develop a …
Persistent link: https://www.econbiz.de/10010522188
performance of democracy is rather independent of the circumstances. However, democracy leads to more redistribution in favor of …
Persistent link: https://www.econbiz.de/10011394112
"The authors use a sample of 147 countries to investigate the link between democracy and reforms. Democracy may be … economic institutions. The results provide robust support for the claim that democracy is good for growth-enhancing reforms …
Persistent link: https://www.econbiz.de/10011394129
"Keefer and Vlaicu demonstrate that sharply different policy choices across democracies can be explained as a consequence of differences in the ability of political competitors to make credible pre-electoral commitments to voters. Politicians can overcome their credibility deficit in two ways....
Persistent link: https://www.econbiz.de/10010522726
Persistent link: https://www.econbiz.de/10010523273
"The current account can be understood as the outcome of investment decisions made by domestic and foreign investors. These decisions can be decomposed into a portfolio rebalancing and a portfolio growth component. This paper provides empirical evidence of the importance of portfolio rebalancing...
Persistent link: https://www.econbiz.de/10011394155
"This paper examines the link between sectoral concentration and overall performance in the search for on … negative relationship between the concentration of innovation portfolios and performance: countries that are the most … performance. Furthermore, the search for export booms exhibits the least amount of sectoral concentration and path …
Persistent link: https://www.econbiz.de/10010522079
Persistent link: https://www.econbiz.de/10010523014
Persistent link: https://www.econbiz.de/10010523249