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The global economy is undergoing a rapid digital transformation that is changing many conventional notions about our behavior and preferences. This includes the way in which we, as consumers, as businesses, or in interactions with government, seek out goods and services and pay for them or how...
Persistent link: https://www.econbiz.de/10013254877
We explore the role of business services in knowledge accumulation and growth and the determinants of knowledge diffusion including the role of distance. A continuous-time model is estimated on several European countries, Japan, and the United States. Policy simulations illustrate the benefits...
Persistent link: https://www.econbiz.de/10014399872
An introductory guide to the IMF’s technical assistance. Providing technical assistance to member countries-particularly developing countries and countries in transition-is at the core of the IMF’s mission. Technical assistance, which includes training for government and central banks...
Persistent link: https://www.econbiz.de/10014398576
The effects on growth of the integration of an autarkic country into the world economy are analyzed, focusing on the … differing roles of imitation and innovation in human capital accumulation. The country initially concentrates on imitation of … foreign knowledge; subsequently, as it approaches the knowledge frontier, innovation plays a greater role. Late developers …
Persistent link: https://www.econbiz.de/10014403371
knock-on effects from the decline in world oil prices …
Persistent link: https://www.econbiz.de/10014408561
gaps, global output would be closer to potential by 3 percentage points. Meanwhile, many parts of the rest of the world …
Persistent link: https://www.econbiz.de/10014410440
Spillover reports examine the external effects of domestic policies in five systemic economies (S5), comprising China, the Euro Area, Japan, the United Kingdom, and the United States. The report aims to provide an added perspective to the policy line developed in the Article IV discussions with...
Persistent link: https://www.econbiz.de/10014410532
Global spillovers have entered a new phase. With crisis-related spillovers and risks fading, changing growth patterns are the main source of spillovers in the global economy at this juncture. Two key trends are highly relevant here. First, signs of self-sustaining recovery in some advanced...
Persistent link: https://www.econbiz.de/10014410571
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