Development Economics eJournal最新文献

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Financial Development and Economic Growth in CEMAC Countries 中共体国家的金融发展与经济增长
Development Economics eJournal Pub Date : 2011-11-26 DOI: 10.2139/ssrn.1964903
Luc Nembot Ndeffo, C. Kuipou, Edward Edokat Tafah
{"title":"Financial Development and Economic Growth in CEMAC Countries","authors":"Luc Nembot Ndeffo, C. Kuipou, Edward Edokat Tafah","doi":"10.2139/ssrn.1964903","DOIUrl":"https://doi.org/10.2139/ssrn.1964903","url":null,"abstract":"The main aim of this research work is to determine the relationship that exists between financial development and the growth rate of per capita real GDP in CEMAC countries using panel data estimation techniques. It emphasises the reciprocal impact of financial development on growth in order to determine the type of relationship that exist and make policy recommendations.To do this, we measured financial development and economic growth with the liquidity rate and the growth rate of per capita real GDP respectively. We tested these two measures in a static panel model using Ordinary Least Squares (OLS) for the first model and Feasible Generalised Least Squares (FGLS) for the second. Based on the results obtained from data on these countries for the period from 1980 to 2006, we established that financial development negatively affects economic growth and that the inverse positive relationship is not significant. These results, coupled with those of Granger causality test, allow us to show that there exists a unidirectional causality running from economic growth to financial development in CEMAC countries. We concluded by making policy recommendations in order to ameliorate this relationship.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"63 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124684911","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
Impact of the Global Economic Crisis on Taipei, China’s Industrial Structure and Firm Activity 全球经济危机对台北、中国产业结构与企业活动的影响
Development Economics eJournal Pub Date : 2011-11-22 DOI: 10.2139/ssrn.1963073
Jack Hou
{"title":"Impact of the Global Economic Crisis on Taipei, China’s Industrial Structure and Firm Activity","authors":"Jack Hou","doi":"10.2139/ssrn.1963073","DOIUrl":"https://doi.org/10.2139/ssrn.1963073","url":null,"abstract":"i»?Confronted by the current global economic crisis, Taipei,China’s economy has suffered much like its neighbors. However, Taipei,China is different from other East Asia economies in several aspects. First, Taipei,China’s industrial organization is dominated by small and medium-sized enterprises (SMEs), unlike the chaebols of the Republic of Korea or the Japanese Kabushiki-gaish. Second, Taipei,China has experienced extraordinary “hollowing-out†of its industrial base as many firms (both large and SMEs) have moved their manufacturing operation to People’s Republic of China (PRC). This is also manifested in the fact that Taipei,China has become one of the largest sources of FDI in the PRC, and Taipei,China’s trade dependency with the PRC is ever rising. A silver lining is that when the sub-prime crisis hit the United States and weakened her import demand, the aforementioned hollowing-out meant less direct employment impact on Taipei,China. However, given the dominance of SMEs in Taipei,China (97.6% of business establishments, and 77.1% of employment), it is of vital importance to develop ways to aid SMEs in surviving this crisis. Indeed, the government can utilize this crisis to reform and strengthen SMEs so they can continue to be the backbone of Taipei,China’s economy. In this paper, I discuss the strengths and weaknesses of SMEs in Taipei,China. Policy recommendations are presented to address the weaknesses of the SMEs, including short-run and long-run approaches.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134323423","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Aligning with One’s Own: Private Voting and Public Outcomes in Elections in Rural India 与自己保持一致:印度农村选举中的私人投票和公共结果
Development Economics eJournal Pub Date : 2011-11-22 DOI: 10.2139/ssrn.1963420
R. Jha, H. Nagarajan, K. Pradhan
{"title":"Aligning with One’s Own: Private Voting and Public Outcomes in Elections in Rural India","authors":"R. Jha, H. Nagarajan, K. Pradhan","doi":"10.2139/ssrn.1963420","DOIUrl":"https://doi.org/10.2139/ssrn.1963420","url":null,"abstract":"This paper has the objective of showing that identity based voting will lead to improvements in household welfare through increased access to welfare programs. Using newly available data from rural India, we establish that identity based voting will lead to enhanced participation in welfare programs and increased consumption growth. We also show that consumption growth is retarded if households do not engage in identity based voting. Using 3 stage least squares, we are able to show that identity based voting results from the externalities derived from membership in social and information networks, and such voting by enhancing participation in welfare programs leads to significant increases in household consumption growth.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132153005","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Complementarity, Impatience, and the Resilience of Natural-Resource - Dependent Economies 自然资源依赖型经济的互补性、不耐性和弹性
Development Economics eJournal Pub Date : 2011-11-14 DOI: 10.2139/ssrn.1959292
M. Quaas, D. van Soest, Stefan Baumgärtner
{"title":"Complementarity, Impatience, and the Resilience of Natural-Resource - Dependent Economies","authors":"M. Quaas, D. van Soest, Stefan Baumgärtner","doi":"10.2139/ssrn.1959292","DOIUrl":"https://doi.org/10.2139/ssrn.1959292","url":null,"abstract":"We study how society's preferences affect the resilience of economies that depend on more than one type of natural resource. In particular, we analyze whether the degree of complementarity of natural resources in consumer preferences may give rise to multiple steady states and path dependence even when resources are managed optimally. We find that, for a given social discount rate, society tends to be less willing to buffer exogenous shocks if resource good are complements in consumption than if they are substitutes. The stronger the complementarity between the various types of natural resources, the less resilient the economy is, and even more so the higher is the social discount rate.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"144 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123258097","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 98
The Impossible Trinity and Capital Flows in East Asia 不可能的三位一体与东亚的资本流动
Development Economics eJournal Pub Date : 2011-11-06 DOI: 10.2139/ssrn.1955726
S. Grenville
{"title":"The Impossible Trinity and Capital Flows in East Asia","authors":"S. Grenville","doi":"10.2139/ssrn.1955726","DOIUrl":"https://doi.org/10.2139/ssrn.1955726","url":null,"abstract":"While the initial certainty and stark simplicity of the Impossible Trinity have fuzzed and softened over time, this idea still holds a powerful sway over analysis of exchange rates and in the policy debate on capital flows. Yet the practical evidence suggests that the constraints on policy implicit in this doctrine are greatly exaggerated. This disconnect between the analysis and the practical world seems a major limitation on developing suitable policies for addressing the very real problems which large volatile capital flows are causing emerging countries. The Impossible Trinity argument has been an unhelpful element in developing an effective policy framework to address these foreign capital inflows.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120953537","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 9
The Household Enterprise Sector in Tanzania: Why it Matters and Who Cares 坦桑尼亚的家庭企业部门:为什么重要,谁关心
Development Economics eJournal Pub Date : 2011-11-01 DOI: 10.1596/1813-9450-5882
J. Kweka, Louise Fox
{"title":"The Household Enterprise Sector in Tanzania: Why it Matters and Who Cares","authors":"J. Kweka, Louise Fox","doi":"10.1596/1813-9450-5882","DOIUrl":"https://doi.org/10.1596/1813-9450-5882","url":null,"abstract":"The household enterprise sector has a significant role in the Tanzanian economy. It employs a larger share of the urban labor force than wage employment, and is increasingly seen as an alternative to agriculture as a source of additional income for rural and urban households. The sector is uniquely placed within the informal sector, where it represents both conditions of informal employment and informal enterprise. This paper presents a case study on Tanzania using a mixed approach by combining both quantitative and qualitative analysis to examine the important role of household enterprises in the labor force of Tanzania, and to identify key factors that influence their productivity. Household enterprise owners are similar to typical labor force participants although primary education appears to be the minimum qualification for household enterprise operators to be successful. Access to location matters -- good, secure location in a marketplace or industrial cluster raises earnings - and access to transport and electricity is found to have a significant effect on earnings as well. In large urban areas, the biggest constraint faced by household enterprises is the lack of access to secure workspace to run the small business. Although lack of credit is a problem across all enterprises in Tanzania, household enterprises are more vulnerable because they are largely left out of the financial sector either as savers or borrowers. Although HEs are part of the livelihood strategies of over half of households in Tanzania, they are ignored in the current development policy frameworks, which emphasize formalization, not productivity. Tanzania has a large number of programs and projects for informal enterprises, but there is no set of policies and program interventions targeted at the household enterprise sector. This gap exacerbates the vulnerability of household enterprises, and reduces their productivity.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"48 10","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133818714","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 33
Explaining the Demand for Sovereignty 解释主权需求
Development Economics eJournal Pub Date : 2011-11-01 DOI: 10.1596/1813-9450-5888
Nicholas Sambanis, Branko Milanovic
{"title":"Explaining the Demand for Sovereignty","authors":"Nicholas Sambanis, Branko Milanovic","doi":"10.1596/1813-9450-5888","DOIUrl":"https://doi.org/10.1596/1813-9450-5888","url":null,"abstract":"Why do groups want to secede and where are we most likely to see demands for self-determination? This paper proposes an economic explanation whereby a tradeoff between income and sovereignty implies that, other things being equal, richer regions are more likely to want more autonomy and conflict arises due to a disparity between desired and actual levels of sovereignty. The authors provide simple empirical tests using new data collected at the level of second-tier administrative subdivisions in 48 decentralized countries. They find a positive association between, on the one hand, relative regional income, regional population share, natural resource endowment, and regional inter-personal inequality and, on the other hand, observed sovereignty levels. Ethnically distinct regions have lower sovereignty, but this association is only conditional on controlling for the interactive effects between ethnic distinctiveness and regional inter-personal inequality.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"162 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134318831","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 51
Corporate Governance, Enforcement, and Firm Value: Evidence from India 公司治理、执行和公司价值:来自印度的证据
Development Economics eJournal Pub Date : 2011-11-01 DOI: 10.2139/ssrn.1105732
Dhammika Dharmapala, Vikramaditya S. Khanna
{"title":"Corporate Governance, Enforcement, and Firm Value: Evidence from India","authors":"Dhammika Dharmapala, Vikramaditya S. Khanna","doi":"10.2139/ssrn.1105732","DOIUrl":"https://doi.org/10.2139/ssrn.1105732","url":null,"abstract":"This article analyzes the impact of corporate governance on firm value using a sequence of reforms in India (Clause 49) enacted in 2000, for which more severe penalties were introduced in 2004. The reforms did not apply to all firms and resulted in treatment and control groups of firms with overlapping characteristics. A difference-in-difference approach (controlling for various factors including firm-specific time trends) shows a substantial positive causal effect of the reforms in combination with the 2004 sanction increase. A regression discontinuity analysis, focusing on the thresholds for application of the reforms, leads to similar results. Across various specifications, the estimated effect is at least 6% of firm value. This effect is large, but comparable in magnitude to effects found in other studies of major corporate governance reforms, especially in emerging markets. (JEL G34, G38, K22, O16). The Author 2012. Published by Oxford University Press on behalf of Yale University. All rights reserved. For Permissions, please email: journals.permissions@oup.com, Oxford University Press.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124465281","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 130
The Impact of Mobile Telephone Use on Economic Development of Households in Uganda 移动电话使用对乌干达家庭经济发展的影响
Development Economics eJournal Pub Date : 2011-10-28 DOI: 10.2139/ssrn.1952525
Sanne Blauw, P. Franses
{"title":"The Impact of Mobile Telephone Use on Economic Development of Households in Uganda","authors":"Sanne Blauw, P. Franses","doi":"10.2139/ssrn.1952525","DOIUrl":"https://doi.org/10.2139/ssrn.1952525","url":null,"abstract":"We examine the impact of mobile telephone use on economic development of individual households. Unique cross-sectional data were collected in personal interviews with heads of households (N=196) in Uganda. Economic development is measured at the household level by the Progress out of Poverty Index. We find strong support that mobile phone use positively impacts economic development.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123008688","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 7
Automotive Wire Harness Trade for Haitian Development 汽车线束贸易为海地发展
Development Economics eJournal Pub Date : 2011-10-16 DOI: 10.2139/ssrn.1944906
T. Doran
{"title":"Automotive Wire Harness Trade for Haitian Development","authors":"T. Doran","doi":"10.2139/ssrn.1944906","DOIUrl":"https://doi.org/10.2139/ssrn.1944906","url":null,"abstract":"A piece of legislation extended since 1983 grants tariff free exports of automotive wire harnesses from Haiti to the United States. A log-log gravity model is used to determine if the legislation would be of benefit to Haiti. The resulting estimate shows Haiti is very unlikely to gain from the legislation due to its poor infrastructure and lack of ability to trade with ease. However, problems from the observations without trade cause concerns over the reliability of the OLS version of the gravity model. A zero inflated Poisson and a zero inflated Negative Binomial are used to investigate the reasonableness of the legislation, and the OLS Gravity model. The legislation, however, does not appear to give much assistance to developing Haiti.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124482452","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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