Leveraging Remittances for Economic Development in Developing
... The arguments on the positive effects of remittances support my thesis; i.e., the positive effects can be leveraged for economic development. This includes improving an economy, financing health care and education, decreasing poverty, and increasing local investment (Agbiboa, 2012; Ratha, 2012; Adam ...
... The arguments on the positive effects of remittances support my thesis; i.e., the positive effects can be leveraged for economic development. This includes improving an economy, financing health care and education, decreasing poverty, and increasing local investment (Agbiboa, 2012; Ratha, 2012; Adam ...
Monetary Policy Statement December 1997 Contents
... in the domestic-currency price of imports and CPI tradeables prices have been higher than expected given the previous increases in the nominal exchange rate. Furthermore, although trending down over early 1997, non-tradeables inflation has been kept up by government charges. Looking forward into the ...
... in the domestic-currency price of imports and CPI tradeables prices have been higher than expected given the previous increases in the nominal exchange rate. Furthermore, although trending down over early 1997, non-tradeables inflation has been kept up by government charges. Looking forward into the ...
The conditional labor demand from Leontief production function can
... minimum wage policy that may distort the wage-rental ratio and state and foreign investment that may be overly capital intensive. As a major result, we find that structural transformation can at most explain 30% of the difference between slow labor demand growth and rapid GDP growth. The remaining 7 ...
... minimum wage policy that may distort the wage-rental ratio and state and foreign investment that may be overly capital intensive. As a major result, we find that structural transformation can at most explain 30% of the difference between slow labor demand growth and rapid GDP growth. The remaining 7 ...
NBER WORKING PAPER SERIES INFLATION AS A REDISTRIBUTION SHOCK: Matthias Doepke
... similar in spirit to ours: what would be the present value change in the government budget, as of 1994, if there was a permanent 10 percentage point increase in inflation? They find a sizeable effect, about as large as 1994 GDP. However, most of this effect is accounted for by incomplete indexation ...
... similar in spirit to ours: what would be the present value change in the government budget, as of 1994, if there was a permanent 10 percentage point increase in inflation? They find a sizeable effect, about as large as 1994 GDP. However, most of this effect is accounted for by incomplete indexation ...
QEH Working Paper Number 56 Time
... A more skeptical view notes the frequency of ‘financial crisis’ and ‘boom-and-bust’ cycles following financial liberalisation. For example, Bhagwati (1998, p. 9), assesses the costs simply as ‘the probability of running into a crisis’, and a growing empirical literature links banking and currency cr ...
... A more skeptical view notes the frequency of ‘financial crisis’ and ‘boom-and-bust’ cycles following financial liberalisation. For example, Bhagwati (1998, p. 9), assesses the costs simply as ‘the probability of running into a crisis’, and a growing empirical literature links banking and currency cr ...
NBER WORKING PAPER SERIES ECONOMETRICS AND THE DES OF ECONOMIC REFORM Michael Bruno
... rates). Next comes his definition of a qualitative policy change, which is a change in structure keeping the foundation intact (e.g., a change in the type of taxes implemented). Finally there is economic reform, "being equivalent to changes in foundations" Again using Tinbergen's words (1956) "chang ...
... rates). Next comes his definition of a qualitative policy change, which is a change in structure keeping the foundation intact (e.g., a change in the type of taxes implemented). Finally there is economic reform, "being equivalent to changes in foundations" Again using Tinbergen's words (1956) "chang ...
Table 4: Estimating Real Consumption as a Function of Consumer
... consumer confidence can be found by examining areas where a high percentage of total employment is found in the manufacturing sector. These findings lend support to the school of thought which posits that confidence works at least in part by reflecting other fundamental changes in the economy which ...
... consumer confidence can be found by examining areas where a high percentage of total employment is found in the manufacturing sector. These findings lend support to the school of thought which posits that confidence works at least in part by reflecting other fundamental changes in the economy which ...
An empirical study of factors affecting inflation in Republic of Tajikistan
... is high. During 2011, the international Wheat prices rose about 99.6% but the domestic prices in Tajikistan increased only 30%-40% (Al-Eyd and Amaglobeli, 2012). ...
... is high. During 2011, the international Wheat prices rose about 99.6% but the domestic prices in Tajikistan increased only 30%-40% (Al-Eyd and Amaglobeli, 2012). ...
SINZIYA SIGAUKE RE - Midlands State University
... price controls to printing bearer checks that continued to accumulate zeroes, the country finally sanctioned the use of the United States dollar, South African rand, Botswana pula and the British pound in 2009. At first, the government insisted that the Z$ should remain the legal tender alongside o ...
... price controls to printing bearer checks that continued to accumulate zeroes, the country finally sanctioned the use of the United States dollar, South African rand, Botswana pula and the British pound in 2009. At first, the government insisted that the Z$ should remain the legal tender alongside o ...
Working PaPer SerieS DiSagreement among forecaSterS
... intensifies strongly during recessions (by about 40 percent in terms of the interquartile range). Disagreement about nominal variables rises with their level, has fallen after 1998 or so (by 30 percent), and is considerably lower under independent central banks (by 35 percent). For both groups cross- ...
... intensifies strongly during recessions (by about 40 percent in terms of the interquartile range). Disagreement about nominal variables rises with their level, has fallen after 1998 or so (by 30 percent), and is considerably lower under independent central banks (by 35 percent). For both groups cross- ...
Does the IMF Influence Fiscal and Monetary Policy?
... times of economic crises. The effect reported for the program variable might thus not reflect the consequences of the program itself but those of the underlying crisis. In other words, there might be a selection problem.3 The same is true for the amount of money disbursed, which probably rises with ...
... times of economic crises. The effect reported for the program variable might thus not reflect the consequences of the program itself but those of the underlying crisis. In other words, there might be a selection problem.3 The same is true for the amount of money disbursed, which probably rises with ...
Kingdom of Bahrain ECONOMIC YEARBOOK 2013
... expansion was underpinned by strong structural drivers in the form of demographic dynamism, economic diversification, and an advantageous location. The contribution of these factors was significantly enhanced by a decade of economic reform designed further develop the education system, improve the b ...
... expansion was underpinned by strong structural drivers in the form of demographic dynamism, economic diversification, and an advantageous location. The contribution of these factors was significantly enhanced by a decade of economic reform designed further develop the education system, improve the b ...
mmi06 sturm 1923488 en
... extent by the fact that the language employed in the introductory statements is—to a degree—standardized, with a number of key words or strings reappearing with some regularity. Examples of (strings of) such key words are: “appropriate”, “in line with”, “for the time being”, “carefully monitor”, “vi ...
... extent by the fact that the language employed in the introductory statements is—to a degree—standardized, with a number of key words or strings reappearing with some regularity. Examples of (strings of) such key words are: “appropriate”, “in line with”, “for the time being”, “carefully monitor”, “vi ...
In Search of the Multiplier for Federal Spending in the
... tremendous variation in the amount of per capita federal grants and loans distributed across the states during the New Deal and federal funds to each state fluctuated over the course of the decade. This variation can be used to identify the impact of distributing additional federal funds within a ty ...
... tremendous variation in the amount of per capita federal grants and loans distributed across the states during the New Deal and federal funds to each state fluctuated over the course of the decade. This variation can be used to identify the impact of distributing additional federal funds within a ty ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... The second question concerns the way the shocks lead to large fluctuations. Are fluctuations in economic activity caused by an accumulation of small shocks, where each shock is unimportant if viewed in isolation, or are fluctuations due to infrequent large shocks? The first view derives theoretical ...
... The second question concerns the way the shocks lead to large fluctuations. Are fluctuations in economic activity caused by an accumulation of small shocks, where each shock is unimportant if viewed in isolation, or are fluctuations due to infrequent large shocks? The first view derives theoretical ...
The Liquidation of Government Debt
... explicit) nominal interest rate ceilings, and in some cases, capital controls, and “moral suasion” to induce domestic institutions to hold more government debt.13 Our emphasis on this paper is not on what these policies imply for investors’ portfolios but what they achieve in terms of reductions in ...
... explicit) nominal interest rate ceilings, and in some cases, capital controls, and “moral suasion” to induce domestic institutions to hold more government debt.13 Our emphasis on this paper is not on what these policies imply for investors’ portfolios but what they achieve in terms of reductions in ...
The Canadian Manufacturing Sector: Adapting to Challenge
... 5. How have business cycles affected the share of manufacturing? The Canadian manufacturing sector is affected by business cycle shocks emanating from the United States. As a general rule, when manufacturing in the United States performs relatively well, manufacturing in Canada also does well and vi ...
... 5. How have business cycles affected the share of manufacturing? The Canadian manufacturing sector is affected by business cycle shocks emanating from the United States. As a general rule, when manufacturing in the United States performs relatively well, manufacturing in Canada also does well and vi ...
University of Groningen Entrepreneurial Regions Modrego
... success, while still having the motivation to pursue career goals in a personal business endeavor. Based on these results, modern occupational choice theories acknowledge individual heterogeneity, usually in the form of entrepreneurial ability, assuming that more managerially-skilled individuals se ...
... success, while still having the motivation to pursue career goals in a personal business endeavor. Based on these results, modern occupational choice theories acknowledge individual heterogeneity, usually in the form of entrepreneurial ability, assuming that more managerially-skilled individuals se ...
Shadow Economies: Size, Causes, and Consequences
... and South America, the size is onequarter to one-third of GNP. In Asian countries, with a comparatively small public sector, high tax morale and/or high expected punishment (for example in Hong Kong and Singapore), the shadow economy is estimated to be similar to that in many “northern” European cou ...
... and South America, the size is onequarter to one-third of GNP. In Asian countries, with a comparatively small public sector, high tax morale and/or high expected punishment (for example in Hong Kong and Singapore), the shadow economy is estimated to be similar to that in many “northern” European cou ...
Reactions to the Quantity Theory
... University of Western Australia, Business School Economics Program. I would like to thank Ken Clements for his very helpful comments on an earlier draft of this paper. ...
... University of Western Australia, Business School Economics Program. I would like to thank Ken Clements for his very helpful comments on an earlier draft of this paper. ...
Time-Varying Incentives in the Mutual Fund Industry
... year basis, together imply that mutual fund managers with poor mid-year performances have incentives to increase the risk of their portfolio during the second half of the year. By raising risk, managers of underperforming funds would catch up with stronger performers if successful, but have little t ...
... year basis, together imply that mutual fund managers with poor mid-year performances have incentives to increase the risk of their portfolio during the second half of the year. By raising risk, managers of underperforming funds would catch up with stronger performers if successful, but have little t ...
Foreign Direct Investment: South Africa’s Elixir of Life?
... Countries experiencing an increase in their debt burden have higher risk ratings and tend to be less attractive to foreign investors. This high-risk rating implies that the probability of defaulting on the foreign debt becomes greater. This could lead to the implementation of restrictions on the out ...
... Countries experiencing an increase in their debt burden have higher risk ratings and tend to be less attractive to foreign investors. This high-risk rating implies that the probability of defaulting on the foreign debt becomes greater. This could lead to the implementation of restrictions on the out ...
Vertical Multinationals, Industry Characteristics, and Endogenous Technology Spillover
... (1995) and Grossman and Helpman (1991), enable us to discuss differences in economic growth rates. Barro and Sala-i-Martin (1995) highlighted human capital as a source of the technology differences across countries. Grossman and Helpman’s (1991) model clarified the role of dynamic scale economies an ...
... (1995) and Grossman and Helpman (1991), enable us to discuss differences in economic growth rates. Barro and Sala-i-Martin (1995) highlighted human capital as a source of the technology differences across countries. Grossman and Helpman’s (1991) model clarified the role of dynamic scale economies an ...
Post–World War II economic expansion
""Golden Age of capitalism"" redirects here. Other periods this term may refer to are Gilded Age and Belle Époque.The post–World War II economic expansion, also known as the postwar economic boom, the long boom, and the Golden Age of Capitalism, was a period of economic prosperity in the mid-20th century which occurred, following the end of World War II in 1945, and lasted until the early 1970s. It ended with the collapse of the Bretton Woods system in 1971, the 1973 oil crisis, and the 1973–1974 stock market crash, which led to the 1970s recession. Narrowly defined, the period spanned from 1945 to 1952, with overall growth lasting well until 1971, though there are some debates on dating the period, and booms in individual countries differed, some starting as early as 1945, and overlapping the rise of the East Asian economies into the 1980s or 1990s.During this time there was high worldwide economic growth; Western European and East Asian countries in particular experienced unusually high and sustained growth, together with full employment. Contrary to early predictions, this high growth also included many countries that had been devastated by the war, such as Greece (Greek economic miracle), West Germany (Wirtschaftswunder), France (Trente Glorieuses), Japan (Japanese post-war economic miracle), and Italy (Italian economic miracle).