Andrea F. Presbitero

TL;DR: In this paper, the authors investigated the impact of public debt on economic growth in low and middle-income countries and found that public debt has a negative impact on output growth up to a threshold of 90 percent of GDP, beyond which its effect becomes irrelevant.

TL;DR: The authors investigated whether and how participation and positioning in the global value chains (GVCs) of host countries is associated with local sourcing by foreign investors, and found that more intense GVC participation and upstream specialization are associated with a higher share of inputs sourced locally by the foreign investors.

TL;DR: In this article, the authors examined how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies, and found that remittance is negatively correlated with the business cycle in recipient countries, and increase in response to adverse exogenous shocks, such as natural disasters or large declines in the terms of trade.

TL;DR: In this article, the relationship between external debt and economic growth in poor countries was investigated and a negative linear relationship was found for a panel of 152 developing countries over the period 1977-2002, and the results showed that external debt impairs economic growth through the liquidity constraint, the creation of macroeconomic instability, the lower efficiency of investment and its effect on macroeconomic policies and institutional development.

TL;DR: In this paper, the authors present two views of the European sovereign debt crisis: the first is that the South in the euro zone has been fiscally irresponsible, and has failed to implement supply-side policies such as liberalizing labor markets and the market for services.