Download or read book Intersectoral Dynamics and Economic Growth in Ecuador written by Norbert M. Fiess and published by World Bank Publications. This book was released on with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors analyze sectoral growth in Ecuador using multivariate cointegration analysis. They find significant long-run relationships between the agricultural industrial and service sectors. Moreover, they are able to derive dynamic sector models that combine the short-run links between the three sectors with long-run dynamics. Their findings suggest that more attention should be paid to interdependencies in sectoral growth, since an improved understanding of intersectoral dynamics may facilitate the implementation of policy aimed at increasing economic growth in Ecuador--Summary.
Download or read book Intersectoral Dynamics and Economic Growth in Ecuador written by Norbert M. Fiess and published by World Bank Publications. This book was released on 2001 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors analyze sectoral growth in Ecuador using multivariate cointegration analysis. They find significant long-run relationships between the agricultural industrial and service sectors. Moreover, they are able to derive dynamic sector models that combine the short-run links between the three sectors with long-run dynamics. Their findings suggest that more attention should be paid to interdependencies in sectoral growth, since an improved understanding of intersectoral dynamics may facilitate the implementation of policy aimed at increasing economic growth in Ecuador--Summary.
Download or read book Intersectoral Dynamics and Economic Growth in Ecuador written by Dorte Verner and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: January 2001 The frequent recommen--dation to exclude the oil sector from economic analysis may be short-sighted, as adverse shocks to the oil industry are likely to affect other sectors through the financial and public sectors, with which the oil sector has many links. There are also significant long-run relationships between the agricultural, industrial, and service sectors. Fiess and Verner analyze sectoral growth in Ecuador using multivariate cointegration analysis. They find significant long-run relationships between the agricultural, industrial, and service sectors. Moreover, they are able to derive dynamic sector models that combine the short-run links between the three sectors with long-run dynamics. When they disaggregate the three sectors into their intrasectoral components, they discover many interesting relationships that contribute to a better understanding of inter- and intrasectoral dynamics in the context of Ecuadorian economic growth. Their findings suggest that more attention should be paid to interdependencies in sectoral growth, since an improved understanding of intersectoral dynamics may facilitate the implementation of policy aimed at increasing economic growth in Ecuador. There appears to be no direct link between the oil sector and the non-oil industrial sectors. But strong evidence supports cointegration between the oil industry and financial services as well as between the oil industry and public services. This means, among other things, that the oil sector cannot be excluded from intersectoral growth analysis, because an adverse shock to the oil industry is likely to affect other sectors through the financial sector, the public sector, or both. This paper--a product of the Economic Policy Sector Unit, Latin America and the Caribbean Region--is part of a larger effort in the region to investigate intersec-toral growth dynamics. The authors may be contacted at [email protected] or [email protected].
Download or read book Intersectoral Dynamics and Economic Growth in Ecuador written by Norbert M. Fiess and published by . This book was released on 2016 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: The frequent recommendation to exclude the oil sector from economic analysis may be short-sighted, as adverse shocks to the oil industry are likely to affect other sectors through the financial and public sectors, with which the oil sector has many links. There are also significant long-run relationships between the agricultural, industrial, and service sectors.Fiess and Verner analyze sectoral growth in Ecuador using multivariate cointegration analysis. They find significant long-run relationships between the agricultural, industrial, and service sectors. Moreover, they are able to derive dynamic sector models that combine the short-run links between the three sectors with long-run dynamics.When they disaggregate the three sectors into their intrasectoral components, they discover many interesting relationships that contribute to a better understanding of inter- and intrasectoral dynamics in the context of Ecuadorian economic growth.Their findings suggest that more attention should be paid to interdependencies in sectoral growth, since an improved understanding of intersectoral dynamics may facilitate the implementation of policy aimed at increasing economic growth in Ecuador.There appears to be no direct link between the oil sector and the non-oil industrial sectors. But strong evidence supports cointegration between the oil industry and financial services as well as between the oil industry and public services. This means, among other things, that the oil sector cannot be excluded from intersectoral growth analysis, because an adverse shock to the oil industry is likely to affect other sectors through the financial sector, the public sector, or both.This paper - a product of the Economic Policy Sector Unit, Latin America and the Caribbean Region - is part of a larger effort in the region to investigate intersec-toral growth dynamics. The authors may be contacted at [email protected] or [email protected].
Download or read book Oil Agriculture and the Public Sector written by Norbert M. Fiess and published by . This book was released on 2016 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a recent paper, Fiess and Verner (2000) analyze sectoral growth in Ecuador and find significant long-run and short-run relationships between the agricultural, industrial, and service sectors. They take this as evidence against the dual economy model which rules out a long-run relationship between agricultural and industrial output and show further that a more detailed picture of the growth process can be discovered, once the agricultural, industrial, and service sectors are disaggregated further into intrasector components. Fiess and Verner extend their initial results and provide insight from a multivariate cointegration analysis of intrasector components. They are able to identify three cointegrating relationships, each of which has its own meaningful economic interpretation - two cointegration relationships capture the direct and indirect effects of the quot;petrolizationquot; of the Ecuadorian economy. A third relationship clearly indicates a link between agriculture and industrial activity. Since this third cointegrating relationship seems to coincide in time with the trade liberalization at the end of the 1980s, promoting agriculture appears to be an important way to promote sustainable economic growth in Ecuador.This paper - a product of the Office of the Chief Economist and the Economic Policy Sector Unit, Latin America and the Caribbean Region - is part of a larger effort in the region to better understand intersectoral growth dynamics.
Download or read book Development What Now Past Present and Future Challenges in International Development written by Cristian Talesco and published by Department of Applied Social Sciences - The Hong Kong Polytechnic University. This book was released on 2016-06-15 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume on international development is a collection of papers presented at the international postgraduate conference “Development: What Now?” in Hong Kong from the 9th to 11th October 2014. With the support of the Postgraduate Students Conference Grant of the Research Grants Council of Hong Kong, this conference was organised by the Department of Applied Social Science of the Hong Kong Polytechnic University. The conference aimed to contribute in answering the vital question for the future of development studies: “What Now?” The conference explored some of the past, present and future challenges in international development. It was a grand success attracting over 60 participants from Germany, Indonesia, Canada, Italy, India, Poland, China, Malaysia, Vietnam, Australia, Nigeria, Singapore, Thailand, Brazil, the UK and Hong Kong. The participants presented their research papers on ten major themes. These included (1) Empowering People, Climate Change and Education; (2) Poverty Reduction; (3) Gender Studies; (4) Human Rights, Environment and Wellbeing; (5) Foreign Aid and Development Cooperation; (6) Security and Transnationality; (7) Economic Development; (8) Urban and Rural Development; (9) Governance, Diplomacy and Health in Development; (10) Sociology and Diversity in Psychology, Literature and Advertising. The highlights of the conference were the two defining speeches delivered by Emeritus Professor Robert J. Holton of Trinity College Dublin and The University of South Australia, and Professor Damien Kingsbury of Deakin University, Australia. These two keynote speeches, together with other outstanding conference papers, have been selected and published in this volume.
Download or read book Can Reforming Global Institutions Help Developing Countries Share More in the Benefits from Globalization written by Andres Solimano and published by World Bank Publications. This book was released on 1997 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effect of International Monetary Fund and World Bank Programs on Poverty written by William Easterly and published by World Bank Publications. This book was released on 2001 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is some evidence that IMF and World Bank adjustment lending smooths consumption for the poor, reducing the rise in poverty for any given contraction of the economy but also reducing the fall in poverty for any given expansion. Adjustment lending plays a similar role as inequality, reducing poverty's sensitivity to the economy's aggregate growth rate.
Download or read book On the Dynamics of Economic Growth written by Mr.Michael Sarel and published by International Monetary Fund. This book was released on 1994-11-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the dynamics of economic growth. First, it demonstrates that the standard neoclassical growth model with constant elasticity of intertemporal substitution is not consistent with the patterns of development we observe in the real world, once we consider the initial conditions. Second, it examines an alternative growth model, which is consistent with endogenously determined initial conditions and also generates dynamics that are in accord with the historical patterns of growth rates, capital flows, savings rates and labor supply. The alternative model is a generalized version of the neoclassical growth model, with increasing rates of intertemporal substitution due to a Stone-Geary type of utility.
Download or read book Firm level Survey Provides Data on Asia s Corporate Crisis and Recovery written by Mary Hallward-Driemeier and published by World Bank Publications. This book was released on 2001 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This rich new database on 4,000 Asian firms, operating in Indonesia, the Republic of Korea, Malaysia, the Philippines, and Thailand, focuses on the impact of Asia's economic crisis and on the longer-run determinants of productivity, employment practices, and financial structure.
Download or read book Racing to the Bottom written by David Wheeler and published by World Bank Publications. This book was released on 2001 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Critics of free trade have raised the specter of a "race to the bottom" in which environmental standards collapse because polluters threaten to relocate to "pollution havens" in the developing world. The flaw in the race-to-the-bottom model is that its basic assumptions misrepresent the political economy of pollution control in developing countries
Download or read book Poverty and Public Celebrations in Rural India written by Vijayendra Rao and published by World Bank Publications. This book was released on 2001 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author examines the paradox of very poor households, spending large sums on celebrations. Using qualitative, and quantitative data from South India, the author demonstrates that spending on weddings, and festivals can be explained by integrating an anthropological understanding of how identity is shaped in Indian society, with an economic analysis of decision-making under conditions of extreme poverty, and risk. The author argues that publicly observable celebrations have two functions: they provide a space for maintaining social reputations, and webs of obligation, and, they serve as arenas for status-making competitions. The first role is central to maintaining the networks essential for social relationships, and coping with poverty. The second is a correlate of mobility that may become more prevalent as incomes rise. Development policies that favor individual over collective action, reduce the incentives for the networking function, and increase the incentives for status-enhancing functions - thus reducing social cohesion, and increasing conspicuous consumption. Market-driven improvements in urban employment, for example, could reduce a family's dependence on its traditional networks, could reduce incentives to maintain these networks, and could reduce social cohesion within a village, and thus its capacity for collective action. In contrast, micro-finance programs, and social funds try to retain, and even build a community's capacity for collective action.
Download or read book Mutual Fund Investment in Emerging Markets written by Graciela Laura Kaminsky and published by World Bank Publications. This book was released on 1999 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: January 2001 How do mutual funds behave when they invest in emerging economies? For one thing, mutual funds' flows are not stable. Withdrawals from emerging markets during recent crises were large, which squares with existing evidence of financial contagion. International mutual funds are one of the main channels for capital flows to emerging economies. Although mutual funds have become important contributors to financial market integration, little is known about their investment allocation and strategies. Kaminsky, Lyons, and Schmukler provide an overview of mutual fund activity in emerging markets. First, they describe international mutual funds' relative size, asset allocation, and country allocation. Second, they focus on fund behavior during crises, by analyzing data at the level of both investors and fund managers. Among their findings: Equity investment in emerging markets has grown rapidly in the 1990s, much of it flowing through mutual funds. Collectively, these funds hold a sizable share of market capitalization in emerging economies. Asian and Latin American funds achieved the fastest growth, but are smaller than domestic U.S. funds and world funds. When investing abroad, U.S. mutual funds invest more in equity than in bonds. World funds invest mainly in developed nations (Canada, Europe, Japan, and the United States). Ten percent of their investment is in Asia and Latin America. Mutual funds usually invest in a few countries within each region. Mutual fund investment was very responsive to the crises of the 1990s. Withdrawals from emerging markets during recent crises were large, which squares with existing evidence of financial contagion. Investments in Asian and Latin American mutual funds are volatile. Because redemptions and injections are large relative to total funds under management, funds' flows are not stable. The cash held by managers during injections and redemptions does not fluctuate significantly, so investors' actions are typically reflected in emerging market inflows and outflows. This paper--a product of Macroeconomics and Growth, Development Research Group--is part of a larger effort in the group to understand the operation of financial markets and the effects of financial globalization. The study was funded by the Bank's Research Support Budget under the research project "Mutual Funds in Emerging Markets." The authors may be contacted at [email protected], lyons@haas. berkeley.edu, or [email protected].
Download or read book Statistica written by and published by . This book was released on 2003 with total page 762 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Measuring Education Inequality written by Vinod Thomas and published by World Bank Publications. This book was released on 2001 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Equal access to education is a basic human right. But in many countries gaps in education between various groups are staggering. An education Gini index -- a new indicator for the distribution of human capital and welfare -- facilitates comparison of education inequality across countries and over time.
Download or read book Wage Effects of Union and Industrial Councils in South Africa written by and published by World Bank Publications. This book was released on with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Is Investment in Africa Too Low or Too High Macro and Micro Evidence written by Howard Pack, Shantayanan Devarajan, William Russell Easterly and published by World Bank Publications. This book was released on 2001 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many analysts decry the level of investment in Africa, saying it is too low. But there is no evidence, in cross-country data or in microeconomic data from Tanzania, that private and public capital is productive in Africa. In that sense, investment in Africa may be viewed as too high.
