Showing 1 - 10 of 14
the acceding countries, as reflected in protracted negotiations. We study the growth and investment consequences of WTO …
Persistent link: https://www.econbiz.de/10012758061
Do middle-income countries face difficult challenges producing consistent growth? Using transition matrix analysis, we …
Persistent link: https://www.econbiz.de/10012963748
growth and volatility in developing countries. The results suggest that it is difficult to establish a robust causal … relationship between financial integration and economic growth. Furthermore, there is little evidence that developing countries … have been consistently successful in using financial integration to stabilize fluctuations in consumption growth. However …
Persistent link: https://www.econbiz.de/10013106022
. In terms of drivers of innovation growth, we find that embracing expanded market opportunities in the world economy and …After more than three decades of high growth that was based on an exploration of its low-wage advantage and a … at a crossroad with a much higher wage and a shrinking work force. Future growth by necessity would have to depend more …
Persistent link: https://www.econbiz.de/10012978531
While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To...
Persistent link: https://www.econbiz.de/10012760195
This paper proposes a simple model to study the relationship between domestic institutions - financial system, corporate governance, and property rights protection - and patterns of international capital flows. It studies conditions under which financial globalization can be a substitute for...
Persistent link: https://www.econbiz.de/10012776812
International capital flows, while potentially beneficial, are said to increase a country's vulnerability to crisis - especially if they are skewed to non-FDI types. This paper studies whether the volume and composition of capital flows affect the degree of credit crunch faced by a country's...
Persistent link: https://www.econbiz.de/10013151647
Developing countries traditionally exhibit passthrough of exchange rate changes that is greater and more rapid than high-income countries, but have experienced a rapid downward trend in recent years in the degree of short-run passthrough, and in the adjustment speed. As a consequence, slow and...
Persistent link: https://www.econbiz.de/10013248270
This paper examines the role of corruption in the design of monetary policies for developing countries and obtains several interesting results. First, pegged exchange rates, currency boards, or dollarization, while often prescribed as a solution to the problem of a lack-of-credibility for...
Persistent link: https://www.econbiz.de/10013249379
Trade reform conditions are common in IMF supported programs. Of the 99 countries that had IMF programs during 1993-2003, 77 had conditions on trade reforms in their programs. Since the WTO has not been found especially effective in promoting trade openness for most developing countries, it is...
Persistent link: https://www.econbiz.de/10012752079