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Publications (13)
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This paper analyzes the short-term effects of foreign capital flows on aggregate demand in Mexico: their magnitude, transmission channels, and the possible influence of the country’s choice of exchange rate regime. The study is motivated by the introduction of a floating system in December 1994, in...
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Using panel data, this paper explores the effects of openness to international trade and foreign direct investment (FDI) on economic growth. Fixed-effect and adjusted fixed-effect (regional-effect) estimations yield results consistent with the hypothesis of conditional convergence. FDI has a...
Working Paper
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– An Analysis of Knowledge Diffusion in Academic Journals
The thought that the academy might function like a ‘market place for ideas’ has been influential in the economics of science and is increasingly so in the philosophy of science/economic methodology literature. This paper contributes to this literature by examining one respect in which the academy...
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– An Econometric Study
The objectives of this paper are to examine the impact of liberalization on trade deficits and current accounts for developing economies. Attempts at liberalization in trade could lead to an increase in imports in the short run and this could cause both trade and current account deficits in...
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– Initial welfare Consequences of Price Liberalization in Eastern Europe
A one-good, representative consumer model of the pre-reform consumer sector of transition economies is developed. An equation is derived that permits empirical estimation of the welfare effect of price liberalization. Empirical estimates are calculated for Poland and Russia. These estimates indicate...
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– Lessons from China
Using a survey of 300 state-owned enterprises (SOEs), we argue that the acceleration of inflation in China after 1984 was caused by the decentralization reforms in the state sector. These reforms allowed the SOEs to realize their innate tendencies to over-consume and over-invest. The evidence...
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– How, Why and for Whom?
Many Soviet state enterprises are changing their legal form. Permissive but imprecise legislation, policy paralysis at all levels of government, the breakdown of the state supply system, and continued excess demand, have allowed managers of state firms to initiate "spontaneous privatization" --...
Displaying 13 of 13 results