Showing 1 - 10 of 1,121
Persistent link: https://www.econbiz.de/10010389480
We identify key factors, from large set of potential determinants, that explain the variation in export diversification across countries and over time using Bayesian Model Averaging (BMA), which addresses model uncertainty and ranks factors in order of importance vis-a-vis their explanatory...
Persistent link: https://www.econbiz.de/10012021886
This paper investigates the dynamic impact of natural resource discoveries on government debt sustainability. We use a 'natural experiment' framework in which the timing of discoveries is treated as an exogenous source of within-country variation. We combine data on government debt, fiscal...
Persistent link: https://www.econbiz.de/10013170580
taxes on goods and services—in particular, the VAT— followed by a smaller negative impact on corporate income and trade …
Persistent link: https://www.econbiz.de/10014394357
The permanent income hypothesis implies that frictionless open economies with exhaustible natural resources should save abroad most of their resource windfalls and, therefore, feature current account surpluses. Resource-rich developing countries (RRDCs), on the other hand, face substantial...
Persistent link: https://www.econbiz.de/10014395297
This paper argues that natural resource abundance creates opportunities for rent-seeking behavior and is an important factor in determining a country’s level of corruption. In a simple growth model, we illustrate the interrelationships between natural resources, corruption, and economic...
Persistent link: https://www.econbiz.de/10014400293
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...
Persistent link: https://www.econbiz.de/10014402045
livestock. Motivated by this clue, and in the absence of any reliable income or employment data, this paper systematically … export ban. It finds that livestock exports play a large economic role as an important source of income and as a store of … value. In the long run, livestock exports are positively associated with nonfood inflation. In the short run, food price …
Persistent link: https://www.econbiz.de/10014399706
This paper investigates the effect of timeliness in accessing the intermediate inputs on the trade pattern. In particular, any country that has a higher ability to transport goods on time has a comparative advantage in industries that place a higher value on the timely delivery of their inputs,...
Persistent link: https://www.econbiz.de/10011716655
How do oil price movements affect sovereign spreads in an oil-dependent economy? I develop a stochastic general equilibrium model of an economy exposed to co-moving oil price and output processes, with endogenous sovereign default risk. The model explains a large proportion of business cycle...
Persistent link: https://www.econbiz.de/10012154693