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Full-Text Articles in Macroeconomics
Intra-Provincial Inequalities And Economic Growth In China, Joanna Gravier-Rymaszewska, Joanna Tyrowicz, Jacek Kochanowicz
Intra-Provincial Inequalities And Economic Growth In China, Joanna Gravier-Rymaszewska, Joanna Tyrowicz, Jacek Kochanowicz
Joanna Tyrowicz
This paper approaches the problem of inequalities in China. It is specifically focused on analyzing the effects of intra-provincial disparities on the development of the 28 mainland provinces in China. Intra-provincial inequalities, as measured by Theil index, seem positively related to growth, albeit the results are only convincing for the coastal provinces. A case by case analysis, however, suggests highly diversified patterns, including linear or an inverted u-shape for fastest growing coastal provinces and virtually no relationship for the majority of regions. The results corroborate some earlier raised questions about actual policy-making standards in China.
Saving Less When There Is More? Foreign Debt And Domestic Savings In Developing Countries, Joanna Tyrowicz, Luke Okafor Emeka
Saving Less When There Is More? Foreign Debt And Domestic Savings In Developing Countries, Joanna Tyrowicz, Luke Okafor Emeka
Joanna Tyrowicz
Although literature has given considerable attention to the effects of foreign debt on the growth, we still know little about its effects on the internal potential for capital formation. Literature suggests a number of channels through which availability of foreign financing could affect domestic savings. We test empirically this relationship using data for Sub-Saharan Africa and Latin America and the Caribbean over 1975-2004. Controlling for endogeneity, we find that foreign debt adversely influences domestic savings especially in the long run. The results are not susceptible to the choice of countries, although few outliers should be noted.
Foreign Debt And Domestic Savings In Developing Countries, Luke Okafor, Joanna Tyrowicz
Foreign Debt And Domestic Savings In Developing Countries, Luke Okafor, Joanna Tyrowicz
Joanna Tyrowicz
This paper approaches the question of potential causality between foreign debt and domestic savings in the context of developing countries. Literature provides evidence in as far as foreign debt and development is concerned, but little attention was given so far to internal potential for capital formation. We provide a theoretical framework and test its relevance using 1975-2004 data for two groups of countries: sub-Saharan Africa and Latin America with the Caribbean. With the use of instrumental variables we find negative impact of foreign debt on domestic savings especially in the long run. The results are not susceptible to the choice …
Labour Market Racial Discrimination In South Africa Revisited, Joanna Tyrowicz, Maciej Szelewicki
Labour Market Racial Discrimination In South Africa Revisited, Joanna Tyrowicz, Maciej Szelewicki
Joanna Tyrowicz
Discrimination is a significant issue in labour market economics across developed as well as developing countries. In this paper we inquire the actual size of wage discrimination in the Republic of Soutn Africa, accounting for large differences in endowments. We apply the Oaxaca-Blinder decomposition as well as propensity score matching to adequately determine the size of the pay gap. Although the size of the absolute racial pay gap is enormous, amounting for more than 500%, the actual estimated effect non-attributable to other factors ranges between 45%-55%. This estimator however assumes homogenous discrimination across the wage distribution, while data suggest that …