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The Pacific Speed of Growth; How Fast Can It Be and What Determines It?

Yang, Yongzheng; Chen, Hong; Singh, Shiu raj; Singh, Baljeet - International Monetary Fund (IMF) - 2013

This study aims to test within a relatively homogeneous group of small states what differentiates the growth performance of Pacific island countries (PICs) from their peers. We find that PICs are disadvantaged by distance and hampered by lower investment and exports compared with other small...

Persistent link: https://www.econbiz.de/10011242206

The Growth Comeback in Developing Economies; A New Hope or Back to the Future?

Bluedorn, John C; Duttagupta, Rupa; Guajardo, Jaime; … - International Monetary Fund (IMF) - 2013

Growth takeoffs in developing economies have rebounded in the past two decades. Although recent takeoffs have lasted longer than takeoffs before the 1990s, a key question is whether they could unravel like some did in the past. This paper finds that recent takeoffs are associated with stronger...

Persistent link: https://www.econbiz.de/10011242243

Enhancing Chinaâ€™s Medium-Term Growth Prospects; The Path to a High-Income Economy

Nabar, Malhar; Papa M'B. P. N'Diaye - International Monetary Fund (IMF) - 2013

probability of stalled convergence increases. On the other hand, with reforms to accelerate TFP growth and shift the economy away … from its continued reliance on capital accumulation, China can grow at a healthy pace and maintain its convergence toward … and sustain such a convergence toward the level of more prosperous economies. …

Persistent link: https://www.econbiz.de/10011242319

Emerging Markets in Transition: Growth Prospects and Challenges

Cubeddu, Luis M.; Culiuc, Alexander; Fayad, Ghada; Gao, Yuan - International Monetary Fund (IMF) - 2014

After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the...

Persistent link: https://www.econbiz.de/10010878427

Credit Crunch in East Asia: A Retrospective

Enya, Masahiro; Kohsaka, Akira; Pobre, Mervin - Graduate School of Economics, Osaka University - 2004

In this paper, we explore the issue on credit crunch from a comparative perspective. Utilizing longer time series data, we investigate the existence of credit crunch in selected crisis-hit economies in East Asia over the period 1980-2002. We detected some episodes of credit crunch both before...

Persistent link: https://www.econbiz.de/10005710077

Public Expenditure Composition and Economic Growth: Optimal Adjustment by Using Gradient Method

Miyakoshi, Tatsuyoshi; Tsukuda, Yoshihiko; Kono, Tatsuhito - Graduate School of Economics, Osaka University - 2007

Previous researches studied how the components of fiscal spending affect the economic growth but did not explicitly enquire into how to adjust the components in order to achieve the highest rate of economic growth starting from the present shares of components. We investigate how to determine...

Persistent link: https://www.econbiz.de/10005773329

Dynamic effects of anticipated and temporary tax changes in a R&D-Based growth model

Takao, Kizuku - Graduate School of Economics, Osaka University - 2014

Tax changes are often announced before the implementations and are not permanent but only temporary. R&D firms will optimally adjust their investment decision to a tax schedule accordingly. This paper analyzes how anticipated and temporary tax changes dynamically affect the innovation...

Persistent link: https://www.econbiz.de/10010907601