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This paper adds to the existing literature on the macroeconomic determinants of Aid for Trade (AfT). It investigates the impact of both multilateral trade policy liberalization and the export share of AfT-recipient countries in global trade market on the AfT amounts that accrue to these...
Living standards in China have greatly improved over the past few decades. Both sustained economic growth and an expansion of the social security system have contributed to a sharp reduction in the number of people in poverty. However, urban–rural inequalities remain large, and some of the...
The current paper investigates the impact of sovereign ratings on sudden stops of capital in the context of the Eurozone. Our analysis focuses on the qualitative aspect of ratings on the hypothesis that such aspect has a concrete impact on capital movements. A panel probit model is utilized for...
Making the most of international capital flows by allowing countries to reap their benefits while reducing associated risks has always been a challenge and has led to considerable economic research over the past 30 years. This challenge became even more acute following the Global Financial...
With persisting slower growth worldwide and in China, over-capacity in some heavy industry sectors, declining profitability, and intensifying competition from other, lower-cost emerging economies, corporate behavior in China needs to change and focus more on efficiency and sustainability. A...
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