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Making Trade an Engine of Growth for All : The Case for Trade and for Policies to Facilitate Adjustment

International Monetary Fund - 2017

The role of trade in the global economy is at a critical juncture. Increased trade integration helped to drive economic growth in advanced and developing economies in the latter part of the 20th century. Since the early 2000's, however, a slowdown in the pace of trade reform, a post-crisis...

Persistent link: https://www.econbiz.de/10014408691

Job Creation : Why Some Countries Do Better

International Monetary Fund - 2000

Over the past decade, the United States has been very successful atcreating jobs. Some other industrial countries have clearly lagged behind. But what is the reason why some countries are more successful than others at creating employment? Are there common factors that explainjob creation? This...

Persistent link: https://www.econbiz.de/10014402731

Commodity Price Volatility and the Sources of Growth

International Monetary Fund - 2012

(CPMG) methodology of Pesaran et al. (1999) for estimation. The latter takes account of cross-country heterogeneity and …

Persistent link: https://www.econbiz.de/10014396933

Deconstructing the International Business Cycle : Why Does a U.S. Sneeze Give the Rest of the World a Cold?

International Monetary Fund - 2010

The 2008 crisis underscored the interconnectedness of the international business cycle, with U.S. shocks leading to the largest global slowdown since the 1930s. We estimate spillover effects across major advanced country regions in a structural VAR (SVAR) using pre-crisis data. Our new method...

Persistent link: https://www.econbiz.de/10014402644

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 main problems in the assessment of the effect is the endogeneity of the relation. In order to address this issue, this paper applies the identification through heteroskedasticity...

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

Do IMF-Supported Programs Work? : A Survey of the Cross-Country Empirical Evidence

International Monetary Fund - 1998

Over the last two decades a number of cross-country empirical studies have been undertaken to assess whether IMF-supported adjustment programs have led to an improved balance of payments and current account balance, lower inflation, and higher growth. These studies use a variety of methodologies...

Persistent link: https://www.econbiz.de/10014401507

Corruption and Military Spending

International Monetary Fund - 2000

Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such a relationship exists. The empirical analysis is based on data from four different sources for up to 120 countries in the period 1985–98. The association between military...

Persistent link: https://www.econbiz.de/10014399916

Pakistan's Macroeconomic Adjustment and Resumption of Growth, 1999-2004

International Monetary Fund - 2005

investment; and (3) the structural reforms implemented in Pakistan during the past four years should make the observed … strengthening in domestic savings and rise in domestic investment permanent, auguring well for accelerated growth within a …, and by an acceleration of structural reforms to further improve productivity and the investment climate …

Persistent link: https://www.econbiz.de/10014400063

Export Instability and Policy Implications for Developing Countries

International Monetary Fund - 1990

A study by the author published in 1988 proposed the hypothesis that export instability depends upon the level of industrialization of the exporting country and the position of exports in the product cycle (growth or mature products). This paper provides further empirical evidence in support of...

Persistent link: https://www.econbiz.de/10014396185

Stabilization and Growth in an Open Islamic Economy

International Monetary Fund - 1988

Islam proposes the replacement of an interest-based financial system with one which operates on the basis of risk and profit sharing. Using a general equilibrium model, this paper investigates some open-economy implications of the adoption of Islamic banking for growth and stabilization of the...

Persistent link: https://www.econbiz.de/10014396001

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