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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

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

Industry in the South of Italy and the crisis

Bronzini, Raffaello; Cannari, Luigi; Staderini, Alessandra - Banca d'Italia - 2013

In the last decade, and especially in the course of the recent global economic slowdown, the gap between southern and northern industry has widened. Industrial investment and employment decreased more sharply in the South than in the rest of Italy, and the contribution of the southern regions to...

Persistent link: https://www.econbiz.de/10011100337

Endogenous Productivity and Development Accounting

Armenter, Roc; Lahiri, Amartya - Society for Economic Dynamics - SED - 2006

We model an environment in which different vintages of capital with their different productivities coexist. A reduction in the cost of investment induces investment in new capital which raises both measured capital and measured productivity simultaneously. We calibrate this model to...

Persistent link: https://www.econbiz.de/10005069227

Why does educational attainment differ across U.S. states?

Hendricks, Lutz - Society for Economic Dynamics - SED - 2004

College attainment differs nearly two-fold across U.S. states. This paper shows that highly educated states employ skill-biased technologies, specialize in skill-intensive industries, but do not pay lower skill premia. A theory based on agglomeration economies is developed to account for these...

Persistent link: https://www.econbiz.de/10005069466

Why are Some Cities So Crowded?

Rappaport, Jordan - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005090861