Lartey, Emmanuel

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International macroeconomics, Monetary economics, Development economics
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Last updated January 31, 2023
Emmanuel K. K. Lartey is a professor of economics at California State University, Fullerton. He has also worked as an economist in the Office of the Chief Economist for the Africa Region at the World Bank. His research focuses on policy-relevant issues in international macroeconomics in the context of developing economies and covers manufacturing productivity and global value chains. He holds a PhD in economics from Boston College and possesses an extensive publication record.
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Now showing 1 - 3 of 3
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    Sources of Manufacturing Productivity Growth in Africa
    (World Bank, Washington, DC, 2019-08) Jones, Patricia ; Lartey, Emmanuel K.K. ; Mengistae, Taye ; Zeufack, Albert
    This paper investigates the sources of growth in manufacturing productivity in Cote D’Ivoire, Ethiopia and Tanzania in comparison with the case of Bangladesh. Based on the analysis of establishment census data since the mid-1990s, it finds that reallocation of market share between firms contributed substantially to productivity growth in each of the four countries, although to a varying extent. In Ethiopia, the impact of market share reallocations among survivors tended to be larger than those associated with increases in within-plant productivity. In addition, plant closure (or exit) boosted productivity more than new plant openings (or entry) did in the sense that the relative productivity of survivors (or continuing plants) was higher relative to that of closing plants (or exit cases) than it was relative to the productivity of newly opening plants (or new entrants). Reallocation of market share plays an important role in raising aggregate productivity in Côte d’Ivoire as well. But the pattern here is opposite to that in Ethiopia in that in Côte d’Ivoire entering (or newly opening) plants have larger impact on aggregate productivity growth than closing (or exiting) plants. Unlike the case with Cote D’Ivoire and of Ethiopia, the reallocation of market share among surviving plants is a smaller source of manufacturing productivity growth in Tanzania than the new plant openings and plant closure. The data suggest that the reallocation of market share among surviving plants and exiting plants has larger impact on productivity growth in Bangladesh than the productivity gap between new plants and survivors, as in the case of Ethiopia.
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    Financial Development, Exchange Rate Regimes, and Growth Dynamics
    (World Bank, Washington, DC, 2018-08) Kassa, Woubet ; Lartey, Emmanuel K.K.
    This paper utilizes data for African countries to analyze the extent to which financial development affects the dynamics of the relationship between exchange rate flexibility and economic growth. The findings indicate that financial development exerts a positive influence on the relationship between exchange rate flexibility and GDP growth as well as total factor productivity growth. The paper also documents a positive impact of trade openness on the relationship between exchange rate flexibility and growth. Moreover, the results show a strong and positive association between exchange rate flexibility and financial development. The findings, therefore, suggest that discussions and decisions on exchange rate policy should be undertaken with consideration for structural policies that address the development of the financial sector. In addition, the paper asserts that policy makers should adopt a stance that facilitates some flexibility in exchange rates to foster development of the financial infrastructure in these economies.
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    Exchange Rate Flexibility and the Effect of Remittances on Economic Growth
    (World Bank, Washington, DC, 2016-12) Lartey, Emmanuel K.K.
    This paper studies the question of whether exchange rate policy affects the impact of remittances on economic growth in recipient countries. The paper utilizes a comprehensive data set that comprises annual observations for 135 developing and transition countries, spanning 1970-2007. The data for exchange rate regimes is based on the Reinhart and Rogoff exchange rate regime classification, whereas the data for remittances and all other variables are from the World Bank's World Development Indicators database. The findings indicate that more flexible exchange rate regimes are associated with a greater increase in economic growth following an increase in remittances, but also that the impact of remittances on growth is positive under a fixed exchange rate regime. The estimates suggest that a 1 percent increase in remittances increases per capita growth by about 0.79 percent under a fixed exchange rate regime, and that this effect increases by about 0.13 percent for a 1 point increase in the exchange rate flexibility index. The results further suggest that the effect of remittances under a fixed exchange rate regime is positive in less financially developed countries as well, but do not provide conclusive evidence that this effect varies inversely with exchange rate flexibility in such economies as theorized.