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作者：Carranza, Luis; Galdon-Sanchez, Jose E.; Gomez-Biscarri, Javier
作者单位：Universidad Publica de Navarra; Universidad de San Martin de Porres; University of Navarra; IESE Business School
摘要：We use a panel of a hundred-plus countries with differing degrees of dollarization to perform an empirical analysis of the effects on inflation of exchange rate depreciations. The results qualify the common view that countries with higher dollarization exhibit higher inflation pass-through. We show that large depreciations tend to generate a negative impact on the pass-through coefficient, this impact being more intense the higher the level of dollarization of the economy. We interpret this as...
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作者：Davies, Ronald B.; Voy, Annie
作者单位：University of Oregon
摘要：This paper examines the effect of FDI on child labor. Using 1995 data for 145 countries, we find that, contrary to common fears, FDI is negatively correlated with child labor. This effect disappears when controlling for per capita income. After doing so, we find no robust effect of either FDI or international trade on child labor. This result is robust to corrections for the endogeneity of FDI, trade, and income. Furthermore, this result is confirmed using data from earlier years. This suggest...
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作者：Saggi, Kamal
作者单位：Southern Methodist University
摘要：This paper analyzes MFN in a competing exporters model of trade between three countries with unequal endowments and shows that MFN yields higher aggregate welfare than tariff discrimination even as it makes low income countries worse off. Furthermore, in a repeated game of tariff cooperation, multilateral free trade is easier to sustain under MFN punishments relative to discriminatory ones. This conclusion holds even when tariff discrimination takes the form of bilateral trade agreements. Over...
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作者：Andonova, Veneta; Diaz-Serrano, Luis
作者单位：Universidad de los Andes (Colombia); Universitat Rovira i Virgili
摘要：It has traditionally been argued that the development of telecommunications infrastructure is dependent oil the quality of countries' political institutions. We estimate the effect of political institutions on the diffusion of three telecommunications services and find it to be much smaller in cellular telephony than in the others. By evaluating the importance of institutions for technologies rather than for industries, we reveal important growth opportunities for developing Countries and disc...
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作者：Angeles, Luis; Neanidis, Kyriakos C.
作者单位：University of Manchester; University of Glasgow
摘要：We study the importance of the local elite as a determinant of the effectiveness of foreign aid in developing countries. The local elite serves as an intermediary between aid donors and aid recipients through its control of the government and major firms. The likelihood of misusing aid is large if the elite is characterized by extensive economic and political power and little concern for social groups besides itself. To determine which countries have this type of elite we use a historically de...
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作者：Arellano, Cristina; Bulir, Ales; Lane, Timothy; Lipschitz, Leslie
作者单位：University of Minnesota System; University of Minnesota Twin Cities; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis; International Monetary Fund
摘要：The paper examines the effects of aid and its volatility on consumption, investment, and the structure of production in the context of an intertemporal two-sector general equilibrium model, calibrated using data for aid-dependent countries in Africa. A permanent flow of aid mainly finances consumption rather than investment-consistent with the historical failure of aid inflows to translate into sustained growth. Large aid flows are associated with higher real exchange rates and smaller tradabl...
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作者：Dean, Judith M.; Lovely, Mary E.; Wang, Hua
作者单位：Syracuse University; The World Bank
摘要：At the center of the pollution haven debate is the claim that foreign investors from industrial countries are attracted to weak environment regulations in developing countries. Some recent location choice studies have found evidence of this attraction, but only for inward FDI in industrial countries. The few studies of inward FDI in developing countries have been hampered by weak measures of environmental stringency and by insufficient data to estimate variation in firm response by pollution i...
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作者：Hauner, David
作者单位：International Monetary Fund
摘要：We examine the role of public debt in financial development. The literature has highlighted its Supportive role through providing collateral and benchmark. We contrast this safe asset view to a lazy banks view: developing banking sectors that lend mainly to the public sector may develop more slowly, because it could make banks profitable but inefficient. Results from country-level and bank-level regressions are more supportive of the lazy banks view. but the safe asset view seems to play a rol...
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作者：O'Donnell, Owen; Nicolas, Angel Lopez; Van Doorslaer, Eddy
作者单位：University of Macedonia; Universidad Politecnica de Cartagena; Pompeu Fabra University; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
摘要：Over a five-year period in the 1990s Vietnam experienced annual economic growth of more than 8% and a 15 point decrease in the proportion of children chronically malnourished (stunted). We estimate the extent to which changes in the distribution of child nutritional status can be explained by changes in the level and distribution of income, and of other covariates. This is done using data from the 1993 and 1998 Vietnam Living Standards Surveys and a flexible decomposition technique based on qu...
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作者：Epstein, Gil S.; Gang, Ira N.
作者单位：Rutgers University System; Rutgers University New Brunswick; Bar Ilan University; IZA Institute Labor Economics
摘要：We model the aid allocation process as a rent-seeking contest between two countries and investigate the effects of differing allocation rules on recipients' behavior in a simple framework. We investigate the aid allocation mechanism design that attempts to increase the governance quality of potential recipient countries: the potential recipients spend costly resources improving governance, while the donor country allocates the fund based on their governance quality. The paper compares two mech...
