Narrow search
Showing 1 - 7 of 7
Cover Image
Technological Adaptation, Trade, and Growth
Chong, Alberto; Zanforlin, L. - International Monetary Fund (IMF) - 2000
This paper extends Grossman and Helpman’s seminal work (1991), and presents an endogenous growth model where innovations created in a high-tech sector may be assimilated or adapted by a low-tech sector. Applying a simple Heckscher-Ohlin framework, the effects of technological diffusion are...
Persistent link: https://www.econbiz.de/10005599706
Cover Image
The Welfare Implications of Services Liberalization in a Developing Country; Evidence from Tunisia
Jouini, Nizar; Rebei, Nooman - International Monetary Fund (IMF) - 2013
We propose an integrated method based on a two-sector small open economy dynamic and stochastic general equilibrium model to estimate non-tariff barriers and quantify the impact of services liberalization. The major component of trade barriers is explicitly modeled through the introduction of...
Persistent link: https://www.econbiz.de/10011242426
Cover Image
Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out
Broner, Fernando; Erce, Aitor; Martin, Alberto; … - International Monetary Fund (IMF) - 2013
reallocated from the private to the public sectors, reducing investment and deepening the recessions even further. To account for …. This implies that domestic debt purchases displace productive investment. The model shows that these purchases reduce …
Persistent link: https://www.econbiz.de/10010790241
Cover Image
Procyclical Behavior of Institutional Investors During the Recent Financial Crisis; Causes, Impacts, and Challenges
Papaioannou, Michael G; Park, Joonkyu; Pihlman, Jukka; … - International Monetary Fund (IMF) - 2013
This paper (i) provides evidence on the procyclical investment behavior of major institutional investors during the … implications of procyclical behavior; and (iv) proposes a framework for sound investment practices for long-term investors. Such … procyclical investment behavior is understandable and may be considered rational from an individual institution’s perspective …
Persistent link: https://www.econbiz.de/10011242388
Cover Image
Four Decades of Terms-of-Trade Booms; Saving-Investment Patterns and a New Metric of Income Windfall
Adler, Gustavo; Magud, Nicolas E. - International Monetary Fund (IMF) - 2013
asset accumulation appear to have contributed more to post-boom income than those devoted to domestic investment. …
Persistent link: https://www.econbiz.de/10011242443
Cover Image
Tracking Global Demand for Advanced Economy Sovereign Debt
Arslanalp, Serkan; Tsuda, Takahiro - International Monetary Fund (IMF) - 2012
€”sovereign funding shock scenarios (FSS)—to conduct forward-looking analysis to assess sovereigns’ vulnerability to sudden investor …
Persistent link: https://www.econbiz.de/10011142015
Cover Image
Real Money Investors and Sovereign Bond Yields
Jaramillo, Laura; Zhang, Yuanyan Sophia - International Monetary Fund (IMF) - 2013
Experience from the global financial crisis suggests that countries’ borrowing costs are not solely determined by macro and fiscal fundamentals. Factors such as ownership structures of government securities, among others, also play a significant role. This paper investigates the effect of...
Persistent link: https://www.econbiz.de/10011142157