User profiles for J. Benson Durham
J. Benson DurhamAdjunct Professor of International Affairs, Columbia University Verified email at columbia.edu Cited by 2392 |
Absorptive capacity and the effects of foreign direct investment and equity foreign portfolio investment on economic growth
JB Durham - European economic review, 2004 - Elsevier
This study examines the effects of foreign direct investment (FDI) and equity foreign portfolio
investment (EFPI) on economic growth using data on 80 countries from 1979 through 1998. …
investment (EFPI) on economic growth using data on 80 countries from 1979 through 1998. …
Economic growth and political regimes
JB Durham - Journal of Economic Growth, 1999 - Springer
The absence of continuous regime type measures that focus on institutions rather than
outcomes besets studies on whether democratic or authoritarian regimes grow faster. Additional …
outcomes besets studies on whether democratic or authoritarian regimes grow faster. Additional …
Foreign portfolio investment, foreign bank lending, and economic growth
JB Durham - FRB International Finance Discussion Paper, 2003 - papers.ssrn.com
In contrast to the empirical literature's focus on foreign direct investment (FDI), this study
examines the effects of foreign portfolio investment (FPI) and" other" foreign investment (OFI) on …
examines the effects of foreign portfolio investment (FPI) and" other" foreign investment (OFI) on …
The effects of stock market development on growth and private investment in lower-income countries
JB Durham - Emerging Markets Review, 2002 - Elsevier
Recent literature argues that stock market liberalisation has positive long- and short-run
effects on macroeconomic growth and private investment, respectively. However, given a …
effects on macroeconomic growth and private investment, respectively. However, given a …
Monetary policy and stock price returns
JB Durham - Financial analysts journal, 2003 - Taylor & Francis
Some studies have argued that monetary policy affects stock market performance over
monthly or quarterly horizons, which has important implications for both investors and central …
monthly or quarterly horizons, which has important implications for both investors and central …
The effect of monetary policy on monthly and quarterly stock market returns
JB Durham - Available at SSRN 293102, 2001 - papers.ssrn.com
Several studies report an empirical link between changes in monetary policy and short-as
well as long-run stock market performance in the United States. Such findings are germane …
well as long-run stock market performance in the United States. Such findings are germane …
An estimate of the inflation risk premium using a three-factor affine term structure model
JB Durham - 2006 - papers.ssrn.com
This paper decomposes nominal Treasury yields into expected real rates, expected inflation
rates, real risk premiums, and inflation risk premiums by separately calibrating a three-factor …
rates, real risk premiums, and inflation risk premiums by separately calibrating a three-factor …
More on monetary policy and stock price returns
JB Durham - Financial Analysts Journal, 2005 - Taylor & Francis
Recent research suggests a persistent empirical relation between US monetary policy and
stock returns since the mid-1980s. The findings seem questionable and incomplete, however, …
stock returns since the mid-1980s. The findings seem questionable and incomplete, however, …
Economic growth and institutions: some sensitivity analyses, 1961–2000
JB Durham - International Organization, 2004 - cambridge.org
Do institutions help explain macroeconomic performance? This article addresses two issues.
First, especially given the practical implications of the literature, measurement of institutions …
First, especially given the practical implications of the literature, measurement of institutions …
Sacrifice ratios and monetary policy credibility: do smaller budget deficits, inflation-indexed debt, and inflation targets lower disinflation costs?
JB Durham - Inflation-Indexed Debt, and Inflation Targets Lower …, 2001 - papers.ssrn.com
A growing empirical literature addresses the determinants of the sacrifice ratio, an imperfect
measure of the tradeoff between inflation and aggregate output. This study endeavors to …
measure of the tradeoff between inflation and aggregate output. This study endeavors to …