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Publications (25)
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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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This paper analyses the trends in within-country inequality during the post-World War II period, with particular attention to the last 20 years, on the basis of a review of the relevant literature and of an econometric analysis of inequality trends in 73 countries accounting for 80 per cent of the...
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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...
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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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Inequality has risen in many countries over the last two decades, especially in the transition economies, but also in many developing and developed economies. This is disturbing since little progress can be made in poverty reduction when inequality is high and rising. Moreover, contrary to earlier...
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– Evidence and Interpretation
Until recently, the literature on income inequality within countries suggested that trends in this area had remained stable over the last few decades, and that there is no relation between changes in inequality on the one side and domestic and external liberalization on the other. Against this...
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This study evaluates the impact of the over seventy Social Funds (SFs) which were introduced since the mid-1980s to offset the surge in poverty spurred by adjustment. SFs benefited from greater visibility and financial support by the donor community than traditional social security programmes, and...
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As seen from the year 2001, economic policy in developing and post-socialist economies during the preceding 10-15 years had one dominating theme - external 'liberalization' or the drastic lowering or removal of long-standing barriers to almost all international transactions in markets for goods and...
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This paper reviews income distribution in developing (and transition) countries in recent decades. On average, before-tax income distribution is less unequal in developing countries than it is in industrial countries. However, unlike industrial countries, developing countries in general have not...
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– A Critical Analysis
Much of the vast literature on changes in income distribution in advanced countries during the last two decades attributes these either to globalization (specifically in the form of trade liberalization with low-wage developing countries), or to skill-biased technology, or to a combination of the...
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– What Are the New Insights after the Washington Consensus?
The economic reform policies in the 1980s and the 1990s under the so-called Washington Consensus have recently led to growing concern for inequality. This paper looks at some of the labour market outcomes of the economic reform policies in terms of inequality. The paper argues that labour market...
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In this paper we propose to measure the inequality of educational achievements by constructing a Gini index on educational attainments. We then use the proposed measure to analyse the relationship between inequality in incomes and educational achievements (in terms of both the average attainments...
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– The Experience of Thailand
The impressive economic growth record of Thailand before 1997 was dominated by the increasing importance of modem industrialization, as well as the expansion of other sectors. This occurred at the expense of agriculture, which accounts for the largest employment pool. At the same time, the country...
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– The Case of Turkey
This study attempts to investigate and assess the impact of financial liberalization and the ongoing rise of financial rents on income distribution in the post-1980 Turkish economy. Our quantitative investigation of the dynamics of macroeconomic development over this period discloses an overall...
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– Accounting for the Evolution of Venezuelan Inequality
This paper studies the evolution of Venezuelan inequality since 1970. It finds a striking increase in Venezuelan inequality that has been due mainly to the rise in capital's share of GDP. It shows that the increase can be traced back to the coupling of a collapse in the ratio of physical to human...
Displaying 16 of 25 results