Labour institutions and vulnerability of developing economies under capital inflows

References

• Aghion, P., & Howitt, D. (2009). The economics of growth. Cambridge, MA: MIT Press.
   Google Scholar
• Aizenman, J., Jinjarak, Y., & Park, D. (2013). Capital flows and economic growth in the era of financial integration and crisis. Open Economies Review, 24, 371–396. 10.1007/s11079-012-9247-3
   Web of Science ®Google Scholar
• Alfaro, L., Kalemli-Ozcan, S., & Volosovych, V. (2008). Why does not capital flow from rich to poor countries? An empirical investigation. Review of Economics and Statistics, 90, 347–368. 10.1162/rest.90.2.347
   Web of Science ®Google Scholar
• Al-Sadig, A. (2013). The effects of foreign direct investment on private domestic investment: Evidence from developing countries. Empirical Economics, 44, 1267–1275. 10.1007/s00181-012-0569-1
   Web of Science ®Google Scholar
• Barro, R. J., & Sala-i-Martin, X. (1995). (Second edition 2004). Economic growth. New York, NY: McGraw-Hill.
   Google Scholar
• Benigno, G., & Fornaro, L. (2014). Financial resource curse. The Scandinavian Journal of Economics, 116, 58–86. 10.1111/sjoe.12047
   Web of Science ®Google Scholar
• Blanchard, O. I., & Fisher, S. (1989). Lectures on macroeconomics. Cambridge, MA: MIT Press.
   Google Scholar
• Burnside, C., & Dollar, D. (2000). Aid, policies, and growth. American Economic Review, 90, 847–868. 10.1257/aer.90.4.847
   Web of Science ®Google Scholar
• Cardarelli, R., Elekdag, S., & Kose, M. A. (2010). Capital inflows: Macroeconomic implications and policy responses. Economic Systems, 34, 333–356. 10.1016/j.ecosys.2010.01.004
   Google Scholar
• Chervin, M., & Van Wijnbergen, C. (2010). Economic growth and the volatility of foreign aid. Tinbergen Institute Discussion Paper TI 2010-002/2. Amsterdam: University of Amsterdam. Retrieved from http://papers.tinbergen.nl/10002.pdf
   Google Scholar
• Dalgaard, C.-J., & Erickson, L. (2006). Solow versus Harrod-Domar: Reexamining the aid costs of the first millennium development goals. IMF Working Paper WP/O6/284. IMF Institute. Retrieved from https://www.imf.org/external/pubs/ft/wp/2006/wp06284.pdf
   Google Scholar
• Desai, M. A., Foley, C. F., & Hines, J. R. (2005). Foreign direct investment and the domestic capital stock. American Economic Review, 95, 33–38. 10.1257/000282805774670185
   Web of Science ®Google Scholar
• Djankov, S., Montalvo, Jose G., & Reynal-Querol, M. (2008). The curse of aid. Journal of Economic Growth, 13, 169–194. 10.1007/s10887-008-9032-8
   Web of Science ®Google Scholar
• Easterley, W. (2002). The elusive quest for growth: Economist’s adventures and misadventures in the tropics. Cambridge: MIT Press.
   Google Scholar
• Easterley, W. (2003). Can foreign aid buy growth? Journal of Economic Perspectives, 17, 23–48.10.1257/089533003769204344
   Web of Science ®Google Scholar
• Frankel, M. (1962). The production function in allocation and growth: A synthesis. American Economic Review, 52, 995–1022.
   Web of Science ®Google Scholar
• Frankel, J. A. (2012). The natural resource curse: A survey of diagnoses and some prescriptions. In R. Arezki, C. Pattillo, M. Quintyn, & M. Zhu (Eds.), Commodity price volatility and inclusive growth in low-income countries (pp. 7–34). Washington, DC: International Monetary Fund.
   Google Scholar
• Gourinchas, P.-O., & Jeanne, O. (2013). Capital flows to developing countries: The allocation puzzle. The Review of Economic Studies, 80, 1484–1515. 10.1093/restud/rdt004
   Web of Science ®Google Scholar
• Hirano, Y. (2013). Roles of foreign aid in narrowing development gaps: A cross-country analysis on aid, institutions, and growth. Forum on International Development Studies, 43, 79–96.
   Google Scholar
• Jones, C. J. (1995). Time series tests of endogenous growth models. The Quarterly Journal of Economics, 110, 495–525. 10.2307/2118448
   Web of Science ®Google Scholar
• Korolev, A. V., & Matveenko, V. D. (2006). Structure of equilibrium time varying trajectories in the Lucas endogenous growth model. Automation and Remote Control, 67, 624–633. 10.1134/S0005117906040102
   Web of Science ®Google Scholar
• Lewis, W. A. (1954). Economic development with unlimited supplies of labour. The Manchester School, 22, 139–191. 10.1111/j.1467-9957.1954.tb00021.x
   Google Scholar
• Lucas, R. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22, 3–42. 10.1016/0304-3932(88)90168-7
   Web of Science ®Google Scholar
• Matveenko, V. D. (2006). Economic growth theory and the dynamics of the Russian economy. Journal of Mathematical Sciences, 133, 1491–1503. 10.1007/s10958-006-0064-3
   Google Scholar
• Matveenko, V. D., & Saveliev, P. A. (2005). Labor supply in Russia: Studying the role of outside options of the employed. EERC Working Paper Series No. 00-215E. Economics Education and Research Consortium. Retrieved from http://eercnetwork.com/paper?page=25&sort=author&type=asc
   Google Scholar
• McGrattan, E. R. (1998). A defense of AK growth models. Federal Reserve Bank of Minneapolis Quarterly Review, 22, 13–27.
   Google Scholar
• Nandi, S. (2011). Time series tests of the AK model of endogenous growth. In J. K. Sengupta (Ed.), Technology, innovations and growth (pp. 144–184). Houndmills Basingstoke: Palgrave Macmillan.
   Google Scholar
• Ranis, G. (2006). Is dualism worth revisiting? In A. de Janvry & R. Kanbur (Eds.), Poverty, inequality and development (pp. 371–385). Dordrecht: Kluwer. 10.1007/0-387-29748-0
   Google Scholar
• Rogers, M. (2003). A survey of economic growth. Economic Record, 79, 112–135. 10.1111/ecor.2003.79.issue-244
   Web of Science ®Google Scholar
• Van der Ploeg, F. (2011). Natural resources: Curse or blessing. Journal of Economic Literature, 49, 366–420. 10.1257/jel.49.2.366
   Web of Science ®Google Scholar
• Xie, D. (1994). Divergence in economic performance: Transitional dynamics with multiple equilibria. Journal of Economic Theory, 63, 97–112. 10.1006/jeth.1994.1034
   Web of Science ®Google Scholar