Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This paper presents evidence on the behavior of output and inflation in the transition economies during 1992–95. A regression analysis explores the differences in output performance across the transition economies during this period. The paper then engages in a numerical, somewhat speculative, exercise to assess the long-run growth potential of the transition economies. It concludes that it should take about 20 years for the faster reformers to reach current OECD per capita levels.

Foreign Exchange --- Inflation --- Macroeconomics --- Demography --- Open Economy Macroeconomics --- Economic Growth of Open Economies --- Socialist Systems and Transitional Economies: General --- Price Level --- Deflation --- Macroeconomics: Consumption --- Saving --- Wealth --- Demographic Trends, Macroeconomic Effects, and Forecasts --- Currency --- Foreign exchange --- Population & migration geography --- Exchange rate arrangements --- Government consumption --- Population growth --- Conventional peg --- Prices --- National accounts --- Population and demographics --- Consumption --- Economics --- Population --- Russian Federation

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This paper provides a quantitative assessment of the impact of economic growth in the United States on growth in other countries. Using panel data estimation, the paper finds a significant positive impact of U.S. growth on growth in the rest of the world, especially developing countries, during the past few decades. The evidence suggests that the impact of U.S. growth on other countries can be explained by the significance of the United States as a global trading partner. The paper provides estimates of the direct impact of trade with the United States on growth in several individual countries.

Exports and Imports --- Inflation --- Macroeconomics --- Demography --- Trade: General --- Macroeconomics: Consumption --- Saving --- Wealth --- Demographic Trends, Macroeconomic Effects, and Forecasts --- Retail and Wholesale Trade --- e-Commerce --- Price Level --- Deflation --- Education: General --- International economics --- Population & migration geography --- Education --- Exports --- Government consumption --- Population growth --- Trade in goods --- International trade --- National accounts --- Population and demographics --- Consumption --- Economics --- Population --- Balance of trade --- Prices --- United States --- E-Commerce

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The current destination of Central and Eastern European countries—explicitly for some, implicitly for all—is Brussels. The concept of the distance from Brussels is multi-dimensional. One simple measure, not without theoretical and empirical justification, is physical distance. This paper’s focus, however, lies more in the distances in time and economic space. The paper first compares income gaps between Central and Eastern European and European Union (EU) countries, then evaluates recent economic performance in Central and Eastern Europe in light of EU standards. Finally; addresses the question of how long it will take the Central and Eastern European countries to close the income gap with EU countries.

Inflation --- Macroeconomics --- Demography --- Economic Integration --- Open Economy Macroeconomics --- Economic Growth of Open Economies --- Personal Income, Wealth, and Their Distributions --- Macroeconomics: Consumption --- Saving --- Wealth --- Fiscal Policy --- Price Level --- Deflation --- Demographic Trends, Macroeconomic Effects, and Forecasts --- Aggregate Factor Income Distribution --- Population & migration geography --- Personal income --- Government consumption --- Fiscal stance --- Population growth --- National accounts --- Fiscal policy --- Prices --- Population and demographics --- Income --- Consumption --- Economics --- Population --- Czech Republic

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This paper revisits the cross-country growth empirics debate using a novel Limited Information Bayesian Model Averaging framework to address model uncertainty in the context of a dynamic growth model in panel data with endogenous regressors. Our empirical findings suggest that once model uncertainty is accounted for there is strong evidence that initial income, investment, life expectancy, and population growth are robustly correlated with economic growth. We also find evidence that debt, openness, and inflation are robust growth determinants. Overall, the set of our robust growth determinants differs from those identified by other studies that incorporate model uncertainty, but ignore dynamics and/or endogeneity. This underscores the importance of accounting for model uncertainty and endogeneity in the investigation of growth determinants.

Exports and Imports --- Inflation --- Macroeconomics --- Demography --- Demographic Trends, Macroeconomic Effects, and Forecasts --- Health: General --- Personal Income, Wealth, and Their Distributions --- Empirical Studies of Trade --- Price Level --- Deflation --- Population & migration geography --- Health economics --- International economics --- Population growth --- Health --- Personal income --- Terms of trade --- Population --- Income --- Economic policy --- nternational cooperation --- Prices --- Nternational cooperation

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Amid rapid population growth, migration in sub-Saharan Africa has been increasing briskly over the last 20 years. Up to the 1990s, the stock of migrants—citizens of one country living in another country—was dominated by intraregional migration, but over the last 15 years, migration outside the region has picked up sharply. In the coming decades, sub-Saharan African migration will be shaped by an ongoing demographic transition involving an enlargement of the working-age population, and migration outside the region, in particular to advanced economies, is set to continue expanding. This note explores the main drivers of sub-Saharan African migration, focusing on migration outside the region, as this has greater global spillovers. It finds that the economic impact of migration for the region occurs mainly through two channels. First, the migration of young and educated workers—brain drain—takes a toll as human capital is already scarce in the region, although some recent studies suggest that migration may have also a positive effect—brain gain. Second, remittances represent an important source of foreign exchange and income in a number of sub-Saharan African countries, contribute to the alleviation of poverty, and help smooth business cycles.

Balance of payments --- Demographic change --- Demographic Economics: General --- Demographic transition --- Demographic Trends, Macroeconomic Effects, and Forecasts --- Demography --- Emigration and Immigration --- Emigration and immigration --- Exports and Imports --- International economics --- International finance --- International Migration --- Migration --- Migration, immigration & emigration --- Population & demography --- Population & migration geography --- Population and demographics --- Population growth --- Population --- Remittances --- Côte d'Ivoire