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Savings are an import prerequisite of investment and long term growth in a country and the ability of a country to … enter a 'beneficial debt cycle'. The paper analyzes how savings respond to the institutional quality in developing and … transition economies. For a panel of about 60 countries over a time span of 25 years, we show that institutions play an ambiguous …
Persistent link: https://www.econbiz.de/10010334509
elasticity on the real exchange rate is reduced when (i) the destination country has a low quality of institutions, (ii) this …
Persistent link: https://www.econbiz.de/10011604966
In recent years there has been considerable variation in savings patterns across countries and regions, with … at the empirical drivers behind these trends. It uses a reduced-form model that relates private savings to a set of … savings in these economies. Looking ahead, the prospective population aging is likely to lead to a considerable fall in saving …
Persistent link: https://www.econbiz.de/10011604888
Neopatrimonialism is a concept that has predominately been applied to describe governance in sub-Saharan Africa …
Persistent link: https://www.econbiz.de/10010286034
, depends on economic governance pursued by governments and collective actors in these countries. Therefore, it appears … interesting to inquire into the macroeconomic governance structures of SABT in order to assess their capabilities for enhancing …
Persistent link: https://www.econbiz.de/10010302522
, depends on economic governance pursued by governments and collective actors in these countries. Therefore, it appears … interesting to inquire into the macroeconomic governance structures of SABT in order to assess their capabilities for enhancing …
Persistent link: https://www.econbiz.de/10011807202
role of institutions and macroeconomic fundamentals on countries' adjustment to shocks. Our empirical analysis shows that … the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in …
Persistent link: https://www.econbiz.de/10012064688
intuition provided by our analytical model by empirically showing that the positive impact of good public governance on foreign …
Persistent link: https://www.econbiz.de/10010274878
This paper aims towards better understanding the role of entrepreneurship in fragile states, which despite the practical interest and relevance has been somewhat disregarded in academic research. Given the necessity to support policy formulation with appropriate and relevant measurement of...
Persistent link: https://www.econbiz.de/10010280212
Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting resources towards unproductive activities? In this paper we explore this question using data for a large number of developing and emerging economies. Controlling for countries'...
Persistent link: https://www.econbiz.de/10011430042