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The spectacular growth of many economies in East Asia over the past 30years has impressed the economics profession, which often refers to thesuccess of the so-called Four Tigers of the region (Hong Kong, Korea, Singapore, and Taiwan Province of China) as ""miraculous."" This papercritically...
Persistent link: https://www.econbiz.de/10014402766
This paper develops a model merging the monetary approach to the balance of payments and a neoclassical growth model into a unified framework in which inflation, growth, and the balance of payments are simultaneously determined. The empirical part of the paper presents estimates of the key...
Persistent link: https://www.econbiz.de/10014396167
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
Although the theoretical relationships are ambiguous, evidence suggestsa strong link between the choice of the exchange rate regime and economicperformance. The paper argues that adopting a pegged exchange rate canlead to lower inflation, but also to slower growth in productivity. Itfinds that...
Persistent link: https://www.econbiz.de/10014399171
This paper analyses the impact of government tax and subsidy policy on immigration of human capital and the effect of … because of differences in income tax rates or technology, can bring about a reduction in the steady state growth rate of the … occur making convergence unlikely. While in a closed economy, tax-financed increases in subsidy to education can have a …
Persistent link: https://www.econbiz.de/10014395877
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
The coronavirus crisis has stiffened debt and development-related headwinds that had become strong even before 2020. Sustaining development while maintaining debt sustainability has been made harder by the protracted effects of the pandemic on public finances, earnings and employment, and human...
Persistent link: https://www.econbiz.de/10015060471
This Selected Issues paper examines prospects for increasing growth and reducing poverty in the Solomon Islands. The paper highlights that agriculture constitutes the largest sector of the Solomon Islands economy, averaging about 20 percent of GDP throughout the 1990s. The Solomon Islands also...
Persistent link: https://www.econbiz.de/10014405896
the medium term. Enforcing the tax agreement with, a Gold Ridge company, and implementing the new resource taxation regime …
Persistent link: https://www.econbiz.de/10014397153
This paper presents the Tax Summary for the Solomon Islands. The paper discusses that normal business expenses are …
Persistent link: https://www.econbiz.de/10014401565