FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3124454969> ?p ?o ?g. }

• W3124454969 abstract "The last quarter of twentieth century has witnessed a dramatic decrease of restrictions in a number of areas such as international trade, capital account, and domestic financial sector in developing countries. Growth impacts of these liberalizations at large on the economy have long been investigated. Since the research to date focuses on the long-run impacts of reforms, much less is known about their short-run effects. Yet, this issue is important since possible short-run losses due to the adjustment costs may trigger dispute about the implementation of reforms. The aim of this paper is to answer the following questions: Is there any difference between short-run and long-run effects of reforms? Are reforms harmful in the short-run? What are the policy implications to alleviate the short-run costs of the reforms? In order to the aforementioned questions, this paper employs Pooled Mean Group (PMG) estimator developed by Pesaran et al. (1999). PMG estimator takes into consideration the cross-country heterogeneity and allows obtaining both the short-run and the long-run parameters of the model within the same estimation framework. Despite the short-run coefficients differ across groups, PMG estimator constrains the long-run coefficients to be homogenous over cross countries. This feature of the estimator is crucial for the research question of the paper since short-run adjustment to the reforms might depend on country-specific characteristics such as policy regimes and market imperfections. On the other hand, I expect that the long-run relationship between economic reforms and growth is homogeneous across countries. The main findings can be summarized as follows. In the long-run, international trade, capital account, and domestic financial reforms are positively associated with real per capita GDP. Moreover the positive long-run relationship between reforms and growth is robust to inclusion of de facto measures of reforms and quality of democracy variable. Having identified the long-run relationship, I take the short-run coefficients of the reforms for each country and analyze their determinants. Results indicate that, stimulating institutions preceding reforms is a prerequisite in order to mitigate the adverse short-run impacts. It is also worth noting that, countries gain from international trade reform already in the short-run provided that they are financially more closed." @default.
• W3124454969 created "2021-02-01" @default.
• W3124454969 creator A5088995807 @default.
• W3124454969 date "2013-01-01" @default.
• W3124454969 modified "2023-09-23" @default.
• W3124454969 title "Economic Reforms and Growth in Developing Countries" @default.
• W3124454969 hasPublicationYear "2013" @default.
• W3124454969 type Work @default.
• W3124454969 sameAs 3124454969 @default.
• W3124454969 citedByCount "0" @default.
• W3124454969 crossrefType "posted-content" @default.
• W3124454969 hasAuthorship W3124454969A5088995807 @default.
• W3124454969 hasConcept C10138342 @default.
• W3124454969 hasConcept C105795698 @default.
• W3124454969 hasConcept C139719470 @default.
• W3124454969 hasConcept C149782125 @default.
• W3124454969 hasConcept C162324750 @default.
• W3124454969 hasConcept C166957645 @default.
• W3124454969 hasConcept C17744445 @default.
• W3124454969 hasConcept C182306322 @default.
• W3124454969 hasConcept C185429906 @default.
• W3124454969 hasConcept C187736073 @default.
• W3124454969 hasConcept C191935318 @default.
• W3124454969 hasConcept C199539241 @default.
• W3124454969 hasConcept C204208750 @default.
• W3124454969 hasConcept C2992544869 @default.
• W3124454969 hasConcept C33923547 @default.
• W3124454969 hasConcept C50522688 @default.
• W3124454969 hasConcept C83646750 @default.
• W3124454969 hasConcept C83864248 @default.
• W3124454969 hasConcept C95457728 @default.
• W3124454969 hasConcept C96250715 @default.
• W3124454969 hasConceptScore W3124454969C10138342 @default.
• W3124454969 hasConceptScore W3124454969C105795698 @default.
• W3124454969 hasConceptScore W3124454969C139719470 @default.
• W3124454969 hasConceptScore W3124454969C149782125 @default.
• W3124454969 hasConceptScore W3124454969C162324750 @default.
• W3124454969 hasConceptScore W3124454969C166957645 @default.
• W3124454969 hasConceptScore W3124454969C17744445 @default.
• W3124454969 hasConceptScore W3124454969C182306322 @default.
• W3124454969 hasConceptScore W3124454969C185429906 @default.
• W3124454969 hasConceptScore W3124454969C187736073 @default.
• W3124454969 hasConceptScore W3124454969C191935318 @default.
• W3124454969 hasConceptScore W3124454969C199539241 @default.
• W3124454969 hasConceptScore W3124454969C204208750 @default.
• W3124454969 hasConceptScore W3124454969C2992544869 @default.
• W3124454969 hasConceptScore W3124454969C33923547 @default.
• W3124454969 hasConceptScore W3124454969C50522688 @default.
• W3124454969 hasConceptScore W3124454969C83646750 @default.
• W3124454969 hasConceptScore W3124454969C83864248 @default.
• W3124454969 hasConceptScore W3124454969C95457728 @default.
• W3124454969 hasConceptScore W3124454969C96250715 @default.
• W3124454969 hasLocation W31244549691 @default.
• W3124454969 hasOpenAccess W3124454969 @default.
• W3124454969 hasPrimaryLocation W31244549691 @default.
• W3124454969 hasRelatedWork W1555898943 @default.
• W3124454969 hasRelatedWork W1700000662 @default.
• W3124454969 hasRelatedWork W1747085347 @default.
• W3124454969 hasRelatedWork W1981661447 @default.
• W3124454969 hasRelatedWork W202382916 @default.
• W3124454969 hasRelatedWork W2116917324 @default.
• W3124454969 hasRelatedWork W2126196599 @default.
• W3124454969 hasRelatedWork W2128512537 @default.
• W3124454969 hasRelatedWork W2183973057 @default.
• W3124454969 hasRelatedWork W2268680319 @default.
• W3124454969 hasRelatedWork W2287040097 @default.
• W3124454969 hasRelatedWork W2585074432 @default.
• W3124454969 hasRelatedWork W2586896295 @default.
• W3124454969 hasRelatedWork W2590087781 @default.
• W3124454969 hasRelatedWork W2771005420 @default.
• W3124454969 hasRelatedWork W2787920990 @default.
• W3124454969 hasRelatedWork W2887294376 @default.
• W3124454969 hasRelatedWork W3025801220 @default.
• W3124454969 hasRelatedWork W3122295949 @default.
• W3124454969 hasRelatedWork W3122743528 @default.
• W3124454969 isParatext "false" @default.
• W3124454969 isRetracted "false" @default.
• W3124454969 magId "3124454969" @default.
• W3124454969 workType "article" @default.