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Human Capital Flight : Impact of Migrationon Income and Growth

International Monetary Fund - 1994

such immigration on growth and incomes. In the context of a two-country endogenous growth model with heterogeneous agents … because of differences in income tax rates or technology, can bring about a reduction in the steady state growth rate of the … country of emigration. Additionally, permanent difference in the growth rates as well as incomes between the two countries can …

Persistent link: https://www.econbiz.de/10014395877

Once Again, is Openness Good for Growth?

International Monetary Fund - 2004

Rodriguez and Rodrik (2000) argue that the relation between openness and growth is still an open question. One of the … paper applies the identification through heteroskedasticity methodology to estimate the effect of openness on growth while … properly controlling for the effect of growth on openness. The results suggest that openness would have a positive effect on …

Persistent link: https://www.econbiz.de/10014401435

The Welfare Effects of Public Expenditure Programs Reconsidered

International Monetary Fund - 1989

The paper proposes a new welfare-based measure to evaluate the distributive effects of public programs. The proposed measure differs from traditional approaches in two important ways: first, it is based on life-cycle considerations, since most public expenditure programs have an intertemporal...

Persistent link: https://www.econbiz.de/10014396379

Elasticity Optimism

International Monetary Fund - 2009

In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...

Persistent link: https://www.econbiz.de/10014402215

Investment, Openness and Country Risk

International Monetary Fund - 1987

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

Persistent link: https://www.econbiz.de/10014395944

Trade Reform Under Partial Currency Convertibility : Some Suggestive Results

International Monetary Fund - 1988

This paper discusses the macroeconomic implications of trade reform in the presence of capital account restrictions. The latter is modelled by recognizing prior constraints on free currency convertibility that are imposed via the use of a multiple exchange rate system. The results of the...

Persistent link: https://www.econbiz.de/10014396238

France : Selected Issues

International Monetary Fund - 1997

major forces behind the recent and projected growth in expenditure …

Persistent link: https://www.econbiz.de/10014397240

France : Selected Issues

International Monetary Fund - 1999

This Selected Issues paper addresses the question of what policy changes in France are needed under European Monetary Union (EMU), as regards the role of fiscal policy in stabilizing the economy. The fiscal strategy over the past two and a half decades is reviewed, and, against this background,...

Persistent link: https://www.econbiz.de/10014397924

France : Selected Issues

International Monetary Fund - 1999

This Selected Issues paper analyzes developments and issues in banking and financial markets in France. The paper provides an overview of the transition from a state-directed to a market-based financial system. It adopts a comprehensive approach and discusses the outcome of this transition in...

Persistent link: https://www.econbiz.de/10014397996

Does the Exchange Regime Matter for inflation and Growth?

International Monetary Fund - 1996

also to slower growth in productivity. Itfinds that on average per capita GDP growth was slightly faster underfloating …

Persistent link: https://www.econbiz.de/10014399171