Spillovers To Low Income Countries

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Spillovers to Low-Income Countries

Author : Ms.Era Dabla-Norris,Mr.Raphael A. Espinoza,Mrs.Sarwat Jahan
Publisher : International Monetary Fund
Page : 27 pages
File Size : 44,6 Mb
Release : 2012-02-01
Category : Business & Economics
ISBN : 9781463937102

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Spillovers to Low-Income Countries by Ms.Era Dabla-Norris,Mr.Raphael A. Espinoza,Mrs.Sarwat Jahan Pdf

This paper documents the expanding economic linkages between low-income countries (LICs) and a narrow group of "Emerging Market leaders" that have become major players in regional and global trade and financial flows. VAR models show that these linkages have increased the share of growth volatility that can be attributed to foreign shocks in LICs. Dynamic panel models further analyze the impact of LIC trade orientation and production structure on the sensitivity to foreign shocks. The empirical results demonstrate that the elasticity of growth to trading partners' growth is high for LICs in Asia, Latin America and the Caribbean, and Europe and Central Asia. However, for commodity-exporting LICs in Sub-Saharan Africa and the Middle East, terms of trade shocks and demand from the emerging market leaders are the main channels of transmission of foreign shocks.

Low-Income Countries' BRIC Linkage

Author : Issouf Samaké,Yongzheng Yang
Publisher : International Monetary Fund
Page : 37 pages
File Size : 52,6 Mb
Release : 2011-11-01
Category : Business & Economics
ISBN : 9781463924669

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Low-Income Countries' BRIC Linkage by Issouf Samaké,Yongzheng Yang Pdf

Trade and financial ties between low-income countries (LICs) and Brazil, Russia, India, and China (BRICs) have expanded rapidly in recent years. This gives rise to the potential for growth to spill over from the latter to the former. We employ a global vector autoregression (GVAR) model to investigate the extent of business cycle transmission from BRICs to LICs through both direct (FDI, trade, productivity, exchange rates) and indirect (global commodity prices, demand, and interest rates) channels. The estimation results show that there are significant direct spillovers while indirect spillovers also matters in many cases. Based on these results, we show that growing LIC-BRIC ties have significantly helped alleviate the adverse impact of the recent global financial crisis on LIC economies.

Making Foreign Direct Investment Work for Sub-Saharan Africa

Author : Thomas Farole,Deborah Winkler
Publisher : World Bank Publications
Page : 302 pages
File Size : 52,8 Mb
Release : 2014-01-13
Category : Business & Economics
ISBN : 9781464801266

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Making Foreign Direct Investment Work for Sub-Saharan Africa by Thomas Farole,Deborah Winkler Pdf

This book presents the results of a groundbreaking study on ‘spillovers’ of knowledge and technology from global value-chain oriented foreign direct investment (FDI) in Sub-Saharan Africa, and discusses implications for policymakers hoping to harness the power of FDI for economic development.

World Economic Outlook, April 2007

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 323 pages
File Size : 49,8 Mb
Release : 2006-09-19
Category : Business & Economics
ISBN : 9781589066267

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World Economic Outlook, April 2007 by International Monetary Fund. Research Dept. Pdf

The IMF’s World Economic Outlook is packed with country specific facts, figures, and worldwide projections that present the outlook for growth, inflation, trade, and other economic developments in a clear, practical format. Leading international economists pull together the latest data on key topics, producing informed projections and policy analyses that show where the global economy is headed in the years to come. Business executives, policymakers, bankers, investors, marketing strategists, and economists worldwide refer to the WEO with confidence because it delivers a balanced view of the current economic situation, built upon the respected and extensive macroeconomic expertise and statistical resources of the IMF. The WEO is the product of a unique international exercise in information gathering and analysis performed by over 1,000 economists on the IMF staff. An annual subscription to the World Economic Outlook, published at least twice a year in English, French, Spanish, and Arabic, offers a comprehensive assessment of the international economic situation as well as prospects for the future. With its analyses backed by the expertise and unparalleled resources of the IMF, the World Economic Outlook is the authoritative reference in its field. Today, when even small economic fluctuations can trigger major financial swings, the WEO supplies a solid source of actionable information and data.

Spillovers in International Corporate Taxation

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 87 pages
File Size : 46,7 Mb
Release : 2014-09-05
Category : Business & Economics
ISBN : 9781498343367

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Spillovers in International Corporate Taxation by International Monetary Fund Pdf

This paper explores the nature, significance and policy implications of spillovers in international corporate taxation—the effects of one country’s rules and practices on others. It complements current initiatives focused on tax avoidance by multinationals, notably the G20-OECD project on Base Erosion and Profit shifting (BEPS). The paper draws on the IMF’s experience on international tax issues with its wide membership, including through technical assistance (TA), and on its previous analytical work, to analyze spillovers and how they might be addressed. In doing so, it goes beyond current initiatives to look at a wide set of possible responses.

Making Foreign Direct Investment Work for Sub-Saharan Africa

Author : Thomas Farole,Deborah Winkler
Publisher : World Bank Publications
Page : 302 pages
File Size : 53,7 Mb
Release : 2014-01-13
Category : Business & Economics
ISBN : 9781464801273

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Making Foreign Direct Investment Work for Sub-Saharan Africa by Thomas Farole,Deborah Winkler Pdf

This book presents the results of a groundbreaking study on spillovers of knowledge and technology from global value-chain oriented foreign direct investment (FDI) in Sub-Saharan Africa, and discusses implications for policymakers hoping to harness the power of FDI for economic development.

Understanding the Spillovers and Transboundary Impacts of Public Policies Implementing the 2030 Agenda for More Resilient Societies

Author : OECD,Joint Research Centre - European Commission
Publisher : OECD Publishing
Page : 212 pages
File Size : 54,9 Mb
Release : 2021-04-08
Category : Electronic
ISBN : 9789264765504

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Understanding the Spillovers and Transboundary Impacts of Public Policies Implementing the 2030 Agenda for More Resilient Societies by OECD,Joint Research Centre - European Commission Pdf

The multidimensional and intergenerational nature of the 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs) calls for integrated policies. Progress made in a particular social, economic or environmental area or individual goal may generate synergies and trade-offs across dimensions (spillover effects), and steps taken in one country could have positive or negative impacts beyond national borders (transboundary effects).

Low-Income Countries' BRIC Linkage

Author : Yongzheng Yang
Publisher : Unknown
Page : 36 pages
File Size : 47,5 Mb
Release : 2015
Category : Electronic
ISBN : OCLC:1308514238

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Low-Income Countries' BRIC Linkage by Yongzheng Yang Pdf

Trade and financial ties between low-income countries (LICs) and Brazil, Russia, India, and China (BRICs) have expanded rapidly in recent years. This gives rise to the potential for growth to spill over from the latter to the former. We employ a global vector autoregression (GVAR) model to investigate the extent of business cycle transmission from BRICs to LICs through both direct (FDI, trade, productivity, exchange rates) and indirect (global commodity prices, demand, and interest rates) channels. The estimation results show that there are significant direct spillovers while indirect spillovers also matters in many cases. Based on these results, we show that growing LIC-BRIC ties have significantly helped alleviate the adverse impact of the recent global financial crisis on LIC economies.

Network Effects of International Shocks and Spillovers

Author : Mr.Alexei Kireyev,Andrei Leonidov
Publisher : International Monetary Fund
Page : 43 pages
File Size : 51,6 Mb
Release : 2015-07-07
Category : Business & Economics
ISBN : 9781513542928

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Network Effects of International Shocks and Spillovers by Mr.Alexei Kireyev,Andrei Leonidov Pdf

This paper proposes a method for assessing international spillovers from nominal demand shocks. It quantifies the impact of a shock in one country on all other countries. The paper concludes that the network effects in shock spillovers can be substantial, comparable, and often exceed the initial shock. Individual countries may amplify, absorb, or block spillovers. Most developed countries pass-through shocks, whereas low-income countries and oil exporters tend to block shock spillovers. The method is used to study demand shocks originating from a large and medium country, China and Ukraine respectively.

Multinationals and Foreign Investment in Economic Development

Author : E. Graham
Publisher : Springer
Page : 233 pages
File Size : 45,6 Mb
Release : 2005-04-28
Category : Political Science
ISBN : 9780230522954

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Multinationals and Foreign Investment in Economic Development by E. Graham Pdf

During the past twenty or so years, foreign direct investment (FDI) flows have increased at rates approaching the astounding, especially so during the 1990s. While much of the increase was due to unprecedented cross-border mergers and acquisitions among high-income countries, the amount of FDI flowing to developing nations also grew substantially. This volume examines the economics of this FDI to developing countries. Some chapters are theoretical in nature, others empirical, and still others are largely policy-oriented. Topics covered include whether FDI makes an autonomous contribution to growth in these nations and whether or not 'spillovers' are generated by this investments. Also covered are effects of policy intervention by governments on FDI flows and whether non-economic factors (e.g. cultural factors) might figure as determinants of location of FDI.

FDI Spillovers, Financial Markets, and Economic Development

Author : Laura Alfaro,Areendam Chanda,Sebnem Kalemli-Ozcan,Selin Sayek
Publisher : International Monetary Fund
Page : 34 pages
File Size : 46,7 Mb
Release : 2003-09-01
Category : Business & Economics
ISBN : 9781451859485

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FDI Spillovers, Financial Markets, and Economic Development by Laura Alfaro,Areendam Chanda,Sebnem Kalemli-Ozcan,Selin Sayek Pdf

This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and economic development. We model an economy with a continuum of agents indexed by their level of ability. Agents can either work for the foreign company or undertake entrepreneurial activities, which are subject to a fixed cost. Better financial markets allow agents to take advantage of knowledge spillovers from FDI, magnifying the output effects of FDI. Empirically, we show that well-developed financial markets allow significant gains from FDI, while FDI alone plays an ambiguous role in contributing to development.

Network Effects of International Shocks and Spillovers

Author : Alexei Kireyev,Andrei Leonidov
Publisher : Unknown
Page : 128 pages
File Size : 49,7 Mb
Release : 2015
Category : Monetary policy
ISBN : 1513511408

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Network Effects of International Shocks and Spillovers by Alexei Kireyev,Andrei Leonidov Pdf

This paper proposes a method for assessing international spillovers from nominal demand shocks. It quantifies the impact of a shock in one country on all other countries. The paper concludes that the network effects in shock spillovers can be substantial, comparable, and often exceed the initial shock. Individual countries may amplify, absorb, or block spillovers. Most developed countries pass-through shocks, whereas low-income countries and oil exporters tend to block shock spillovers. The method is used to study demand shocks originating from a large and medium country, China and Ukraine res

World Economic Outlook, April 2007

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 323 pages
File Size : 41,5 Mb
Release : 2006-09-19
Category : Business & Economics
ISBN : 9781451923810

Get Book

World Economic Outlook, April 2007 by International Monetary Fund. Research Dept. Pdf

The IMF’s World Economic Outlook is packed with country specific facts, figures, and worldwide projections that present the outlook for growth, inflation, trade, and other economic developments in a clear, practical format. Leading international economists pull together the latest data on key topics, producing informed projections and policy analyses that show where the global economy is headed in the years to come. Business executives, policymakers, bankers, investors, marketing strategists, and economists worldwide refer to the WEO with confidence because it delivers a balanced view of the current economic situation, built upon the respected and extensive macroeconomic expertise and statistical resources of the IMF. The WEO is the product of a unique international exercise in information gathering and analysis performed by over 1,000 economists on the IMF staff. An annual subscription to the World Economic Outlook, published at least twice a year in English, French, Spanish, and Arabic, offers a comprehensive assessment of the international economic situation as well as prospects for the future. With its analyses backed by the expertise and unparalleled resources of the IMF, the World Economic Outlook is the authoritative reference in its field. Today, when even small economic fluctuations can trigger major financial swings, the WEO supplies a solid source of actionable information and data.

Multinationals and Foreign Investment in Economic Development

Author : E. Graham
Publisher : Palgrave Macmillan
Page : 233 pages
File Size : 51,7 Mb
Release : 2005-04-28
Category : Political Science
ISBN : 1349525642

Get Book

Multinationals and Foreign Investment in Economic Development by E. Graham Pdf

During the past twenty or so years, foreign direct investment (FDI) flows have increased at rates approaching the astounding, especially so during the 1990s. While much of the increase was due to unprecedented cross-border mergers and acquisitions among high-income countries, the amount of FDI flowing to developing nations also grew substantially. This volume examines the economics of this FDI to developing countries. Some chapters are theoretical in nature, others empirical, and still others are largely policy-oriented. Topics covered include whether FDI makes an autonomous contribution to growth in these nations and whether or not 'spillovers' are generated by this investments. Also covered are effects of policy intervention by governments on FDI flows and whether non-economic factors (e.g. cultural factors) might figure as determinants of location of FDI.

Catching Up, Spillovers and Innovation Networks in a Schumpeterian Perspective

Author : Andreas Pyka,Maria da Graça Derengowski Fonseca
Publisher : Springer Science & Business Media
Page : 293 pages
File Size : 45,9 Mb
Release : 2011-05-10
Category : Business & Economics
ISBN : 9783642158865

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Catching Up, Spillovers and Innovation Networks in a Schumpeterian Perspective by Andreas Pyka,Maria da Graça Derengowski Fonseca Pdf

This book discusses the influence of technological and institutional change on development and growth, the impact on innovation of labor markets, the spatial distribution of innovation dynamics, and the meaning of knowledge generation and knowledge diffusion processes for development policies. The individual articles demonstrate the powerful possibilities that emerge from the toolkit of evolutionary and Schumpeterian economics. The book shows that evolutionary economics can be applied to the multi-facetted phenomena of economic development, and that a strong orientation on knowledge and innovation is key to development, especially in less developed and emerging economies.