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作者：Madsen, Jakob B.; Saxena, Shishir; Ang, James B.
作者单位：Monash University
摘要：Using over half a century of R&D data for India, this paper tests whether the second-generation endogenous growth theories are consistent with India's growth experience. Furthermore, the paper examines the extent to which growth in India can be explained by R&D activity, international R&D spillovers, catch-up to the technology frontier and policy reforms. The empirical results show that the growth in India over the past five decades has been driven by research intensity following the predictio...
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作者：Macchiavello, Rocco
作者单位：University of Warwick
摘要：The industrial organization of developing countries is characterized by the pervasive use of subcontracting arrangements among small, financially constrained firms. This paper asks whether vertical integration relaxes those financial constraints. It shows that vertical integration trades off the benefits of joint liability against the costs of rendering the supply chain more opaque to external investors. In contrast to the commonly held view that pervasive input and capital market imperfection...
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作者：Dustmann, Christian; Mestres, Josep
作者单位：University of London; University College London
摘要：In this paper we study the remittance behavior of immigrants and how it relates to temporary versus permanent migration plans. We use a unique data source that provides unusual detail on remittances and return plans, and follows the same household over time. Our data allows us also to distinguish between different purposes of remittances. We analyze the association between individual and household characteristics and the geographic location of the family as well as return plans, and remittance...
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作者：Fuentes, Miguel; Saravia, Diego
作者单位：Central Bank of Chile
摘要：We empirically study whether countries that default on their debt experience a reduction in their capital inflows, as suggested by the literature. Our data contain information on (i) the defaulter countries and their creditors and (ii) bilateral foreign direct investment (FDI) flows. With these we can study how FDI flows are affected by sovereign default by distinguishing between those flows coming from defaulters' creditor countries and others. According to our estimations, this distinction i...
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作者：El Badaoui, Eliane; Strobl, Eric; Walsh, Frank
作者单位：Institut Polytechnique de Paris; Ecole Polytechnique; CY Cergy Paris Universite; University College Dublin
摘要：We show theoretically that when larger firms pay higher wages and are more likely to be caught defaulting on labor taxes, then large-high wage firms will be in the formal and small-low wage firms will be in the informal sector. The formal sector wage premium is thus just a firm size wage differential. Using data from Ecuador we illustrate that firm size is indeed the key variable determining whether a formal sector premium exists. (C) 2009 Elsevier B.V. All rights reserved.
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作者：Teles, Vladimir Kuehl; Zaidan, Marta
作者单位：Getulio Vargas Foundation
摘要：The goal of this paper is to evaluate the validity of the Taylor principle for inflation control in 12 developing countries that use inflation targeting regimes: Brazil, Chile, Colombia, Hungary, Israel, Mexico, Peru, Philippines, Poland, South Africa, Thailand and Turkey. The test is based on a state-space model to determine when each country has followed the principle; then a threshold unit root test is used to verify if the stationarity of the deviation of the expected inflation from its ta...
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作者：Fleisher, Belton; Li, Haizheng; Zhao, Min Qiang
作者单位：University System of Ohio; Ohio State University; Central University of Finance & Economics; University System of Georgia; Georgia Institute of Technology
摘要：We show how regional growth patterns in China depend on regional differences in physical, human, and infrastructure capital as well as on differences in foreign direct investment (FDI) flows. We also evaluate the impact of market reforms, especially the reforms that followed Deng Xiaoping's South Trip in 1992 those that resulted from serious hardening of budget constraints of state enterprises around 1997. We find that FDI had a much larger effect on TIP growth before 1994 than after, and we a...
