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Fear of Service Outsourcing : Is it Justified?

Amiti, Mary - 2011

The recent media and political attention on service outsourcing from developed to developing countries gives the … impression that outsourcing is exploding. As a result, workers in industrial countries are anxious about job losses. This paper … aims to establish what are the hypes and what are the facts. The results show that although service outsourcing has been …

Persistent link: https://www.econbiz.de/10012757114

How Do Public Debt Cycles Interact with Financial Cycles?

Poghosyan, Tigran - 2016

We employ a duration model to study determinants of public debt cycles in 57 advanced and emerging economies over the 1960-2014 period, with a particular focus on the impact of financial cycles. The results suggest that the association between financial and debt cycles is asymmetric. Debt...

Persistent link: https://www.econbiz.de/10012999747

The Exposure to Routinization : Labor Market Implications for Developed and Developing Economies

Das, Mitali - 2018

Evidence that the automation of routine tasks has contributed to the polarization of labor markets hasbeen documented for many developed economies, but little is known about its incidence in developingeconomies. We propose a measure of the exposure to routinization-that is, the risk of the...

Persistent link: https://www.econbiz.de/10012913888

Tariff-Tax Reforms in Large Economies

Ganelli, Giovanni - 2012

This paper studies tariff-tax reforms in a calibrated two-region global New Keynesian model composed of a developing and an advanced region. In our baseline calibration, a revenue-neutral reform that lowers tariffs in developing countries can reduce domestic welfare. The reason is that the...

Persistent link: https://www.econbiz.de/10013102266

Spring Forward or Fall Back? The Post-Crisis Recovery of Firms

Medina, Leandro - 2013

This paper studies corporate performance in the aftermath of the global crisis by examining 6,581 manufacturing firms …

Persistent link: https://www.econbiz.de/10013088728

How Accurate are Private Sector Forecasts? Cross-Country Evidence from Consensus Forecasts of Output Growth

2021

This paper evaluates the performance of Consensus Forecasts of GDP growth for industrialized and developing countries from 1989 to 1998. The questions addressed are (1) How do forecast errors differ across industrialized and developing countries? (2) How well do forecasters predict recessions?...

Persistent link: https://www.econbiz.de/10013212035

Fragmented Politics and Public Debt

Crivelli, Ernesto - 2016

In this paper, we study the impact of fragmented politics on public debt-in particular, between two consecutive legislative elections. Using data for 92 advanced and developing countries during 1975-2015, we find a positive association between political fragmentation and public debt changes....

Persistent link: https://www.econbiz.de/10012977774

Donor Competition for Aid Impact, and Aid Fragmentation

Annen, Kurt - 2012

This paper shows that donors that maximize relative aid impact spread their budgets across many recipient countries in a unique Nash equilibrium, explaining aid fragmentation. This equilibrium may be inefficient even without fixed costs, and the inefficiency increases in the equality of donors'...

Persistent link: https://www.econbiz.de/10013098604

Global Value Chains and the Exchange Rate Elasticity of Exports

Ahmed Hannan, Swarnali - 2016

the elasticity of real manufacturing exports to the Real Effective Exchange Rate (REER) has decreased over time. We then … competitiveness of a fraction of the value of final good exports. In line with this intuition, we find evidence that GVC participation … reduces the REER elasticity of manufacturing exports by 22 percent, on average …

Persistent link: https://www.econbiz.de/10012999740

Measuring Competitiveness in a World of Global Value Chains

Bayoumi, Tamim A. - 2018

All common real effective exchange rate indexes assume trade is only in final goods, despite the growing presence of global supply chains. Extending effective exchange rate indexes to include such intermediate goods can imply radically different effective exchange rate weights, depending on the...

Persistent link: https://www.econbiz.de/10012906887