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Liberalization Policy: 'Fits & Starts' or Gradual Change in India

Ansari, Mohammed I.; Gang, Ira. N - 1999

In this paper we assess the impact of external economic liberalization in India on the transmission of aggregate shocks … eight variable vector autoregression (VAR) model. We also test two propositions regarding the nature of India …, and prices for India and its world counterparts. The analysis is extended to include dummy variables and distributed lags …

Persistent link: https://www.econbiz.de/10010334366

Equity market liberalization, credit constraints and income inequality

Sun, Puyang; Sen, Somnath; Jin, Shujing - In: Economics: The Open-Access, Open-Assessment E-Journal 7 (2013) 2013-12, pp. 1-28

This paper provides compelling evidence that equity market liberalization, as the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality by promoting increased human capital accumulation. The authors examine...

Persistent link: https://www.econbiz.de/10010311850

The Real Exchange Rate and Growth in Zimbabwe: Does the Currency Regime Matter?

Brixiova, Zuzana; Ncube, Mthuli - 2014

Zimbabwe faces growth and external competitiveness challenges, as indicated by its low trend growth and investment, declining share in the world exports, high current account deficits, and external debt. The stock-flow approach to the equilibrium exchange rate reveals that the real exchange rate...

Persistent link: https://www.econbiz.de/10010398293

Factor adjustments after deregulation: panel evidence from Colombian plants

Eslava, Marcela; Haltiwanger, John; Kugler, Adriana D.; … - 2005

In this paper, we analyze employment and capital adjustments using a panel of plants from Colombia. We allow for nonlinear adjustment of employment to reflect not only adjustment costs of labor but also adjustment costs of capital, and vice-versa. Using data from the Annual Manufacturing Survey,...

Persistent link: https://www.econbiz.de/10010274528

How do credit supply shocks propagate internationally? A GVAR approach

Eickmeier, Sandra; Ng, Tim - 2011

We study how credit supply shocks in the US, the euro area and Japan are transmitted to other economies. We use the recently-developed GVAR approach to model financial variables jointly with macroeconomic variables in 33 countries for the period 1983-2009. We experiment with inter-country links...

Persistent link: https://www.econbiz.de/10010307706

External shocks, US monetary policy and macroeconomic fluctuations in merging markets

Maćkowiak, Bartosz - 2006

Using structural VARs, I find that external shocks are an important source of macroeconomic fluctuations in emerging markets. Furthermore, U.S. monetary policy shocks affect quickly and strongly interest rates and the exchange rate in a typical emerging market. The price level and real output in...

Persistent link: https://www.econbiz.de/10010275790

Makroökonomische Stabilisierung und Wirtschaftswachstum in Lateinamerika: was bringt die Debatte über den Washington-Konsens?

Schweickert, Rainer; Thiele, Rainer - 2004

In dieser Untersuchung wird der Frage nachgegangen, was die Konsensdebatte zur Erklärung von Entwicklungsunterschieden zwischen lateinamerikanischen und asiatischen Schwellenländern beitragen kann. Es lassen sich bei allen kritischen Politikfeldern wesentliche Unterschiede feststellen. Ein...

Persistent link: https://www.econbiz.de/10010265415

Macroeconomic constraints on economic development and poverty reduction: the case of Bolivia

Schweickert, Rainer - 2001

Bolivia's macroeconomic performance in the period 1994 to 1998 is analyzed and compared with the performance in former periods and the performance of other developing countries (grouped according to income, region, and debt status). This allows to assess what has been achieved in Bolivia since...

Persistent link: https://www.econbiz.de/10010332954

Trade liberalization and South African manufacturing: Looking back with data

Driver, Ciaran F. - 2019

This paper provides a retrospective assessment of the effects of trade policies on South African manufacturing since the transition to democracy, examining the differences and commonalities in the views of economists in favour of and against an acceleration of trade liberalization. Data from the...

Persistent link: https://www.econbiz.de/10012146519

The impact of monetary policy on New Zealand business cycles and inflation variability

Buckle, Robert A; Kim, Kunhong; McLellan, Nathan - 2003

Monetary Conditions Index, the Asian crisis and a large adverse domestic climate shock. …

Persistent link: https://www.econbiz.de/10012115526