Showing 1 - 10 of 1,849
This paper provides evidence of a strong relationship between the short-term dynamics of growth and inequality in developing economies. We find that reductions in inequality during growth upswings are largely reversed during growth slowdowns. Using a new methodology (mediation analysis), we...
Persistent link: https://www.econbiz.de/10012001589
are derived by combining figures from different estimation methods. We describe and discuss the strengths and weaknesses … of the different estimation methods. We find that the growth of the shadow economy—which is now remarkably large in the …
Persistent link: https://www.econbiz.de/10014399609
This paper examines the impact of rising trade and financial integration on international business cycle comovement among a large group of industrial and developing countries. The results provide at best limited support for the conventional wisdom that globalization has increased the degree of...
Persistent link: https://www.econbiz.de/10014404021
exports of all five broad categories of the U.K.'s financial and insurance services. No trade barriers are found for the bulk … suggests that post-Brexit disruptions of the U.K.'s export of financial and insurance services may be minor …
Persistent link: https://www.econbiz.de/10012796259
Insurance enterprises provide services, called insurance services, to policyholders. The values of such services are … discusses the treatment of insurance services, and related transactions, in the balance of payments. A simple measure, based on … a number of assumptions, of nonlife insurance services is considered. The assumptions underlying this measure are then …
Persistent link: https://www.econbiz.de/10014398144
In this paper, we examine how the presence of country insurance schemes affects policymakers'' incentives to undertake … reform in crisis-prone volatile economies. The consequences of country insurance, however, hinge on the nature of the reforms … ultimately discouraged by, insurance. By contrast, ""enhancing"" reforms that pay off more generously in the absence of a crisis …
Persistent link: https://www.econbiz.de/10014402046
Several recent empirical studies have examined determinants of economic growth using country average (cross-section) data. In contrast, this paper employs a technique for using a panel of both cross-section and time-series data for 98 industrial and developing countries over 1960-85 to determine...
Persistent link: https://www.econbiz.de/10014395840
the country’s insurance against the greater riskiness in its income stream. The paper tests this implication for a large …
Persistent link: https://www.econbiz.de/10014396260
A broad set of possible determinants of private saving behavior is examined, using data for a large sample of industrial and developing countries. Both time-series and cross-section estimates are obtained. Results suggest that there is a partial offset on private saving of changes in public...
Persistent link: https://www.econbiz.de/10014398503
We construct unanticipated government spending shocks for 103 developing countries from 1990 to 2015 and study their effects on income distribution. We find that unanticipated fiscal consolidations lead to a long-lasting increase in income inequality, while fiscal expansions lower inequality....
Persistent link: https://www.econbiz.de/10011848133