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作者：Glick, P; Sahn, DE
作者单位：Cornell University
摘要：We estimate a discrete choice model of primary schooling and simulate policy alternatives for rural Madagascar. Among school quality factors, the results highlight the negative impacts on schooling demand of poor facility quality and the use of multigrade teaching (several grades being taught simultaneously by one teacher) in public schools. Simulations indicate the feasibility of reducing multigrade in public schools by adding teachers and classrooms, a policy that would lead to modest improv...
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作者：Arango, Luis E.; Melo, Luis F.
作者单位：Banco de la Republica Colombia
摘要：The study of asymmetric behavior of macroeconomic variables over business cycles has had a long tradition in economics. In this present work, we find evidence in favor of the hypothesis of having a STAR-type nonlinear asymmetric behavior of the economic activity, over the last two decades, in three Latin American countries: Brazil, Colombia, and Mexico. For Chile and Venezuela, the null hypothesis of a linear process could not be rejected under the method established by Granger and Terasvirta ...
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作者：Au, Chun-Chung; Henderson, J. Vernon
作者单位：Brown University
摘要：China strongly restricts rural-urban migration, resulting in a well acknowledged surplus of labor in agriculture. But migration is also restricted within sectors. This paper argues that these intra-sector restrictions lead to insufficient agglomeration of economic activity in both the rural industrial and urban sectors, with resulting first order losses in GDP. For urban areas the paper estimates a city productivity relationship, based on city GDP numbers. The effects of access, educational at...
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作者：Pande, Rohini
作者单位：Yale University
摘要：This paper examines the political economy of government-led coordination of economic activity in a simple two-sector model in which individuals' choice of agricultural technology affects industrialization. We demonstrate the existence of multiple equilibria; the economy is either characterized by the use of a traditional agricultural technology and a low level of industrialization or the use of a mechanized technology and a high level of industrialization. Relative to the traditional technolog...
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作者：Chen, SS
作者单位：National Taiwan University
摘要：In this paper the interest rate-exchange rate nexus and the effectiveness of an interest rate defense are investigated empirically. I present a reduced form evidence which characterizes the empirical relationship between interest rates and exchange rates. I use a Markov-switching specification of the nominal exchange rate with time-varying transition probabilities. Empirical evidence from six developing countries: Indonesia, South Korea, the Philippines, Thailand, Mexico, and Turkey indicates ...
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作者：Seki, Erika
作者单位：University of Aberdeen
摘要：This paper examines how rotation arrangement between two groups of fishers with different institutional arrangements affects fishing behaviour and economic outcomes in a particular economic environment characterised by price discrimination and product durability. In one group, fishers cooperate and maximise the extraction of rents, while members in the second group behave noncooperatively. Applying a model of alternating duopoly, we show that the cooperating group behaves like a price discrimi...
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作者：Kazianga, Harounan; Udry, Christopher
作者单位：Columbia University; Yale University
摘要：This paper explores the extent of consumption smoothing between 1981 and 1985 in rural Burkina Faso. In particular, we examine the extent to which livestock, grain storage and inter-household transfers are used to smooth consumption against income risk. The survey coincided with a period of severe drought, so the results provide direct evidence on the effectiveness of these various insurance mechanisms when they are the most needed. We find evidence of little consumption smoothing. In particul...
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作者：Otero, J; Ramírez, M
作者单位：Universidad del Rosario
摘要：In this paper we model the Colombian inflation rate in terms of excess demand effects from asset, goods and factor markets. In contrast to previous results for a group of industrial economies, we find that domestic factors are a far more powerful influence on inflation than are external factors. The paper pays particular attention to the potential effects of the Constitutional Reform of 1991, which created a Central Bank independent from other parts of government. We find that the creation of ...
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作者：Genicot, Garance; Ray, Debraj
作者单位：New York University; Georgetown University; Consejo Superior de Investigaciones Cientificas (CSIC); CSIC - Institut d'Analisi Economica (IAE)
摘要：In a credit market with enforcement constraints, we study the effects of a change in the outside options of a potential defaulter on the terms of the credit contract, as well as on borrower payoffs. The results crucially depend on the allocation of bargaining power between the borrower and the lender. We prove that there is a crucial threshold of relative weights such that if the borrower has power that exceeds this threshold, her expected utility must go up whenever her outside options come d...
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作者：Schmukler, SL; Vesperoni, E
作者单位：The World Bank; International Monetary Fund
摘要：This paper studies how financial globalization affects debt structure in emerging economies. We find that by accessing international markets, firms increase their long-term debt and extend their debt maturity. In contrast, with financial liberalization, long-term debt decreases and the maturity structure shifts to the short term for the average firm. These effects are stronger in economies with less developed domestic financial systems. The evidence is consistent with financial integration hav...
