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The IMF staff report for the 2013 Article IV Consultation focuses on Malaysia’s economic developments and policies. The IMF report discusses that continued growth in domestic demand, especially investment, and a pickup in external demand should help maintain robust growth going forward...
Persistent link: https://www.econbiz.de/10011245217
We examine the issue of technical assistance versus brain drain repatriation as alternative strategies for transferring scarce skills to a skill-poor economy. Technical assistance relies mainly on expatriate skills and labor from the host country, while brain drain repatriation seeks to effect a...
Persistent link: https://www.econbiz.de/10014400864
This paper formulates a simple aggregate growth model that is capable of assessing the impact of macroeconomic policies on the long-term performance of a developing country. The model emphasizes expenditures on human capital and the dynamics of external debt, and yields empirically testable...
Persistent link: https://www.econbiz.de/10014396208
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital acquisition. We use the standard system GMM approach as well as...
Persistent link: https://www.econbiz.de/10014396933
This paper analyses the impact of government tax and subsidy policy on immigration of human capital and the effect of such immigration on growth and incomes. In the context of a two-country endogenous growth model with heterogeneous agents and human capital accumulation, we argue that human...
Persistent link: https://www.econbiz.de/10014395877
This paper argues that the development of human capital in the public sector should be an important ingredient in any proposed set of “second-generation” reforms for Africa. In the post-colonial era the quality of governance has seriously declined, and the stock of human capital in the...
Persistent link: https://www.econbiz.de/10014401612
Persistent link: https://www.econbiz.de/10004245519
This 2004 Article IV Consultation highlights that in recent years, Singapore’s economy has been hit hard by a series of … an economic expansion largely uninterrupted since the 1970s. The shocks have come at a time when Singapore is also facing …
Persistent link: https://www.econbiz.de/10014406018
This Statistical Appendix report on Singapore discusses the economic indicators for the period 1995–99. The report …; foreign direct investment inflows by industry; assets and liabilities of the Monetary Authority of Singapore; assets and … liabilities of commercial banks of Singapore; summary of balance of payments; export and import performance; services and income …
Persistent link: https://www.econbiz.de/10014402630
This Selected Issues paper assesses the stability of Singapore’s banking system in a regional context. It proposes a … Monetary Authority of Singapore’s exchange rate-centered framework is well suited to shape monetary decision making, given the …
Persistent link: https://www.econbiz.de/10014402949