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Exiting from Fragility in Sub-Saharan Africa : The Role of Fiscal Policies and Fiscal Institutions
Deléchat, Corinne - 2016
This paper studies the role of fiscal policies and institutions in building resilience in sub-Saharan African countries during 1990-2013, with specific emphasis on a group of twenty-six countries that were deemed fragile in the 1990s. As the drivers of fragility and resilience are closely...
Persistent link: https://www.econbiz.de/10012998767
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Productivity and Product Markets in Korea : Evidence from Advanced Economies
Swiston, Andrew J.; Tam, Stella - 2022
This paper constructs an industry-level dataset of productivity across advanced economies, showing that Korea’s labor productivity and total factor productivity levels are below the median of other advanced economies. We identify sizable industry-level productivity gaps in Korea with respect...
Persistent link: https://www.econbiz.de/10014236304
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Global Risks and Collective Action Failures : What Can the International Community Do?
Otker-Robe, Inci - 2014
What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all examples of global risks that can cross geographical and generational boundaries and whose mismanagement can reverse gains in development and jeopardize the well-being of...
Persistent link: https://www.econbiz.de/10013043705
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Why U.S. Immigration Matters for the Global Advancement of Science
Agarwal, Ruchir; Ganguli, Ina; Gaule, Patrick; Smith, Geoff - 2021
This paper studies the impact of U.S. immigration barriers on global knowledge production. We present four key findings. First, among Nobel Prize winners and Fields Medalists, migrants to the U.S. play a central role in the global knowledge network—representing 20-33% of the frontier knowledge...
Persistent link: https://www.econbiz.de/10013226450
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The Taxation of the Windfall from Internationalization of the Korean Capital Market
Mahler, Walter - 2012
The paper describes the evolution of the corporate stock and bond markets in Korea and the Government's role in this evolution and its policy with regard to internationalization of the capital market. The paper analyzes problems encountered in gradually opening the Korean capital market to...
Persistent link: https://www.econbiz.de/10012755583
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Korea's Challenges Ahead-Lessons from Japan's Experience
Zoli, Edda - 2017
This paper draws out the parallels between Korea and Japan in terms of demographics, potential growth, balance sheets …, asset prices and inflation. Korea's demographic trends seem to track Japan's with a lag of about 20 years. Low productivity … reforms. While Korea's corporate balance sheets are stronger than Japan's in the early 1990s, Korea needs to progress with the …
Persistent link: https://www.econbiz.de/10012962151
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Should Korea Worry About a Permanently Weak Yen?
Ree, Jack - 2015
Three years have passed since the Bank of Japan's asset purchase program was introduced in 2011, causing a sharp … decline in the value of the Japanese Yen. What would be the implications for Japan and Korea's exporters if the weak Yen is … shocks. We find that if the weak Yen persists, it would strengthen Japan's price competitiveness over time as export prices …
Persistent link: https://www.econbiz.de/10013016594
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Collective Bargaining Through the Magnifying Glass : A Comparison between the Netherlands and Portugal
Hijzen, Alexander - 2018
Since the global financial crisis, sector-level bargaining has come under renewed scrutiny.While in Southern Europe, the crisis raised concerns about the role of collectivebargaining as an obstacle to labor market adjustment, in Northern Europe it was perceivedmore favourably and, according to...
Persistent link: https://www.econbiz.de/10012929933
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The Sub-Saharan African Debt Problem : An Update
Greene, Joshua Eli - 2006
This paper provides updated information on the external debt problem of sub-Saharan Africa. Between 1980 and 1990 the region`s external debt more than tripled, to US$171 billion, while debt service payments and rescheduling rose by more than 150 percent to US$20 billion. In addition, the region...
Persistent link: https://www.econbiz.de/10012781257
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The Distributional Impacts of Worker Reallocation : Evidence from Europe
Bluedorn, John C.; Caselli, Francesca; Hansen, Niels-Jakob - 2022
Using individual-level data for 30 European countries between 1983 and 2019, we document the extent and earning consequences of workers’ reallocation across occupations and industries and how these outcomes vary with individual-level characteristics, namely (i) education, (ii) gender, and...
Persistent link: https://www.econbiz.de/10014030478