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    <title>EconStor Collection: IAMO Forum 2011: Will the "BRICs Decade" Continue? – Prospects for Trade and Growth</title>
    <link>http://hdl.handle.net/10419/50781</link>
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      <title>The end of an era? The medium- and long-term effects of the global crisis on growth in low-income countries</title>
      <link>http://hdl.handle.net/10419/50806</link>
      <description>Title: The end of an era? The medium- and long-term effects of the global crisis on growth in low-income countries
&lt;br/&gt;
&lt;br/&gt;Authors: Berg, Andrew; Papageorgiou, Chris; Pattillo, Catherine; Spatafora, Nicola
&lt;br/&gt;
&lt;br/&gt;Abstract: This paper investigates the medium- and long-term growth effects of the global financial crises on Low-Income Countries (LICs). Using several methodological approaches, including impulse response function analysis, growth spells techniques and panel regressions, we show that external demand (ED) shocks are not historically associated with sharp declines in output growth. Given existing evidence that LICs were primarily impacted by such a shock in the global financial crisis, our analysis provides some optimism on the chances that LICs will avoid a protracted period of slow growth. However, we also show that there seem to be persistent output losses associated with ED shocks in the medium-run. In terms of policy implications, our analysis provides evidence that countries with lower deficits, lower debt, more flexible exchange rate regimes, and a higher stock of international reserves are more likely to dampen the effects of an ED shock on growth.</description>
      <pubDate>Fri, 29 Oct 2010 22:58:59 GMT</pubDate>
    </item>
    <item>
      <title>Costly posturing: Relative status, ceremonies and early child development</title>
      <link>http://hdl.handle.net/10419/50805</link>
      <description>Title: Costly posturing: Relative status, ceremonies and early child development
&lt;br/&gt;
&lt;br/&gt;Authors: Chen, Xi; Zhang, Xiaobo
&lt;br/&gt;
&lt;br/&gt;Abstract: Though social spending facilitates risk-pooling in the impoverished regions, too many resources devoted to social occasions may impose negative externalities and hinder efforts to alleviate poverty for households living close to subsistence. Conducting three waves census-type panel survey in rural western China with well-defined reference groups and detailed information on social occasions, gift exchanges, nutrients intake and health outcomes, we find that the squeeze effect originated from lavish ceremonies is associated with lower height-for-age zscore, higher probability of stunting and underweight in early child development. The lasting impact suggests that 'catch up' is limited. The squeeze is stronger for the fetal period and towards the lower tail of the distribution. Specifically, 39.2%, 33.3% and 64.6% of the sampled households suffer from net squeeze effect on stunting, underweight and lower height-for-age zscore, respectively. The squeeze effect is stronger for 1-3 age cohorts and between 2007 and 2009. We provide suggestive evidence on the intermediate pathways linking social events with poor health outcomes, such as share of food expenditure and basic nutrients intake. Our findings suggest more efficient policy interventions that target the households with pregnant women and of lower social rankings.</description>
      <pubDate>Fri, 29 Oct 2010 22:58:59 GMT</pubDate>
    </item>
    <item>
      <title>Status and development in the dairy sector in the BRIC</title>
      <link>http://hdl.handle.net/10419/50804</link>
      <description>Title: Status and development in the dairy sector in the BRIC
&lt;br/&gt;
&lt;br/&gt;Authors: Ramanovich, Mikhail; Ndambi, Asaah; Hemme, Torsten
&lt;br/&gt;
&lt;br/&gt;Abstract: Milk production is a very important element of the whole dairy chain. The BRIC countries are among the top 6 milk producing countries and produce nearly one third of the world's total milk volume. A large number of dairy animals and a relatively low milk output per animal show a great potential of the BRIC for a further growth of production. In the same time the BRIC countries comprise 42% of world's population. Expected population and prosperity growth will lead to a further growth in milk demand. The BRIC countries have a competitive level of milk production cost in international comparison. The success of the BRIC counties in the international milk market will depend on the contribution of all stakeholders in the dairy chain: farmers, processors, supporting industries and policy makers.</description>
      <pubDate>Fri, 29 Oct 2010 22:58:59 GMT</pubDate>
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    <item>
      <title>An empirical model of the environmental effect of FDI in host countries: Analysis based on Chinese panel data</title>
      <link>http://hdl.handle.net/10419/50803</link>
      <description>Title: An empirical model of the environmental effect of FDI in host countries: Analysis based on Chinese panel data
&lt;br/&gt;
&lt;br/&gt;Authors: Yang, Boqiong; Chen, Jianguo
&lt;br/&gt;
&lt;br/&gt;Abstract: From the 1970's, Foreign Direct Investment (FDI) flowed into host countries. With the development of economy in host countries the environment deteriorated. The overall goal of this paper is to estimate whether the impacts of FDI positive or negative on environment in host countries. To meet this overall goal, it is constructed a simultaneous system with data of 28 provinces in China (1992-2008). This system supposes the pollution indicators to be determined by economic scale, industrial composition and pollution density of a province, in which pollution density is created to estimate the environmental effect of FDI more exactly than traditional technological character. Also the domestic and foreign capital is tried to distinguish to make the pollution source clear. Based on a panel data of 28 provinces (1992-2008) with the three-stage least squares (3sls) estimator, the results of the system show that with the domestic investment, the environmental effect is positive, which means that FDI increases pollution emission. The direct environmental effect of FDI, which does not include domestic investment, is different decided by various pollution indicators.</description>
      <pubDate>Fri, 29 Oct 2010 22:58:59 GMT</pubDate>
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