Similar Search Results

Rodrik, Dani - 2010

Why should multilateral lending exist in a world where private capital markets are well developed and governments have their own bilateral aid programs? If lending by the World Bank, IMF, and regional development banks has an independent rationale, it must rest on advantages generated by the...

Persistent link: https://www.econbiz.de/10012763737

Who Gains from Trade Reform? Some Remaining Puzzles

Harrison, Ann E.; Hanson, Gordon H. - 2021

This paper focuses on three unresolved issues with regard to the impact of trade reform. First, many studies linking … trade reform to long run growth are surprisingly fragile. To illustrate the problems with this literature, we examine a … reform on employment in developing countries. Finally, we analyze evidence on the relationship between trade reform and …

Persistent link: https://www.econbiz.de/10013226555

Why Not Africa?

Freeman, Richard B.; Lindauer, David L. - 2021

Various arguments have been used to explain Sub-Saharan Africa's economic decline. We find that a stress on investments in education as a prerequisite for more rapid growth is misplaced; that greater openness is far from sufficient to insure economic progress; that income inequality and urban bias...

Persistent link: https://www.econbiz.de/10013222904

The Economic Tragedy of the Xxth Century : Growth in Africa

Vila-Artadi, Elsa; Sala-i-Martin, Xavier - 2021

The dismal growth performance of Africa is the worst economic tragedy of the XXth century. We document the evolution of per capita GDP for the continent as a whole and for subset of countries south of the Sahara desert. We document the worsening of various income inequality indexes and we...

Persistent link: https://www.econbiz.de/10013223305

Trade Policy and Economic Performance in Sub-Saharan Africa

Rodrik, Dani - 2021

This study focuses on the role of trade and trade policy in achieving sustained long-term growth in Africa. One major conclusion is that trade policy in Sub-Saharan Africa works much the same way that it does elsewhere. High levels of trade restrictions have been an important obstacle to exports...

Persistent link: https://www.econbiz.de/10013224680

Does Competition Encourage Credit Provision? Evidence from African Trade Credit Relationships

Fisman, Raymond; Raturi, Mayank - 2021

Previous work has claimed that monopoly power facilitates the provision of credit, since monopolists are better able to enforce payment. Here, we argue that if relationship-specific investments are required by borrowers to establish creditworthiness, monopoly power may reduce credit provision...

Persistent link: https://www.econbiz.de/10013226905

Policy Evaluation in Uncertain Economic Environments

Brock, William A.; Durlauf, Steven N.; West, Kenneth D. - 2021

This paper develops a decision-theoretic approach to policy analysis. We argue that policy evaluation should be conducted on the basis of two factors: the policymaker's preferences, and the conditional distribution of the outcomes of interest given a policy and available information. From this...

Persistent link: https://www.econbiz.de/10013226952

Exporting Raises Productivity in Sub-Saharan African Manufacturing Plants

Van Biesebroeck, Johannes - 2021

Proponents of trade liberalization argue that it will force firms to produce closer to the production possibility frontier and that the frontier will move out faster. In particular, plants that export will achieve a higher productivity level. However intuitive the argument, empirical evidence is...

Persistent link: https://www.econbiz.de/10013227223

Quality of Bureaucracy and Open-Economy Macro Policies

Bai, Chong-En; Wei, Shang-jin - 2021

Bureaucratic quality in terms of the level of corruption varies widely across countries, and is in general slow to evolve relative to the speed with which many economic polices can be implemented such as the imposition of capital controls. In this paper, we study the possibility that quality of...

Persistent link: https://www.econbiz.de/10013238698

Savings and the Terms of Trade Under Borrowing Constraints

Agénor, Pierre-Richard; Aizenman, Joshua - 2021

This paper examines the extent to which permanent terms-of-trade shocks have an asymmetric effect on private savings. The first part uses a simple three-period model to show that, if households expect to face binding borrowing constraints in bad states of nature, savings rates will respond...

Persistent link: https://www.econbiz.de/10013244885