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This paper analyzes a useful accounting framework that breaks down the current account to twocomponents: a composition effect and a growth effect.We show that past empirical evidence, which stronglysupports the growth effect as the main driver of current account dynamics, is misconceived. The...
Persistent link: https://www.econbiz.de/10008939836
Growth accounting consists of a set of calculations resulting in a measure ofoutput growth, a measure of input growth, and their difference, most commonlyreferred to as total factor productivity (TFP) growth. It can be performed atthe level of the plant, firm, industry, or aggregate economy.[...]
Persistent link: https://www.econbiz.de/10009305064
Advocates of fair value accounting believe that fair valuesprovide more relevant measures of assets, liabilities, andearnings than do historical costs. These advocates assertthat fair value accounting better reflects underlying economicvalues. The advantages of this method—and thecorresponding...
Persistent link: https://www.econbiz.de/10005870069
This paper documents the convergence of incomes across Indian states over theperiod 1965 to 1998. It departs from traditional analyses of convergence by trackingthe evolution of the entire income distribution, instead of standard regression and timeseries analyses. The findings reveal twin-peaks...
Persistent link: https://www.econbiz.de/10005871031
Our report sets out a framework for delivering new and renovatedhousing in an integrated and sustainable way. Volume one presentsour framework; volume two explores the six elements of theframework in more detail; and volume three brings togethersupporting documentation gathered during the...
Persistent link: https://www.econbiz.de/10008766019
Europe is a continent of cities with a remarkable history of cultural inspiration, wealth creation, social and politicaldynamism. But in the late-20th century, many former industrial cities entered a period of steep decline, losingmost of their manufacturing jobs and many of their economic...
Persistent link: https://www.econbiz.de/10008836923
explore this possibility, I develop a theory that uni…es modelsof investment choice, informal risk sharing, and formal …
Persistent link: https://www.econbiz.de/10008845708
uncertainty and investment;ultimately this relationship is theoretically ambiguous. Using loan-level panel data from microfi … largedistortions to the investment decisions of poor entrepreneurs.[...] …
Persistent link: https://www.econbiz.de/10008860680
Buyer-Seller networks are pervasive in developing economies yet remain relatively under-studied. Using primary data on contracts between the largest tractor assembler in Pakistanand its suppliers we …find large variations in prices and quantities across suppliers of the sameproduct....
Persistent link: https://www.econbiz.de/10008911465
We show that the effect of eviction threats on unobservable investment effort can be positive. Wedemonstrate this … apparently counter-intuitive result in a model of tenancy where investment by atenant in the current period raises the chances of … attractive forhim to elicit investment effort. However, there is a direct negative effect of eviction threats on thetenant …
Persistent link: https://www.econbiz.de/10008911471