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The Global Impact of the Systemic Economies and MENA Business Cycles
Cashin, Paul; Mohaddes, Kamiar; Raissi, Mehdi - International Monetary Fund (IMF) - 2012
This paper analyzes spillovers from macroeconomic shocks in systemic economies (China, the Euro Area, and the United … developments in China than to shocks in the Euro Area or the United States, in line with the direction of evolving trade patterns … and the emergence of China as a key driver of the global economy. Outward spillovers from the GCC region and MENA oil …
Persistent link: https://www.econbiz.de/10010790399
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Measuring External Risks for Peru: Insights from a Macroeconomic Model for a Small Open and Partially Dollarized Economy
Han, Fei - International Monetary Fund (IMF) - 2014
This paper quantifies the effects of external risks for Peru, with particular attention to two major external risks, China’s investment slowdown and the U.S. monetary policy tightening. In particular, a macroeconomic model for a small open and partially dollarized economy is developed and...
Persistent link: https://www.econbiz.de/10011142105
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Firm Heterogeneity and Weak Intellectual Property Rights
Watt, Stanley - International Monetary Fund (IMF) - 2007
In weak intellectual property rights (IPR) environments, the imitation of proprietary technology by domestic firms has become a deterrent for foreign investment. Different multinationals may view this deterrent differently. This paper develops a model where firms with more technology are less...
Persistent link: https://www.econbiz.de/10005825669
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Tax Concessions and Foreign Direct Investmentin the Eastern Caribbean Currency Union
Chai, Jingqing; Goyal, Rishi - International Monetary Fund (IMF) - 2008
Tax concessions have been employed as a central component of the development strategy in the small island states comprising the Eastern Caribbean Currency Union. This paper compares the costs of concessions in terms of revenues forgone with the benefits in terms of increased foreign direct...
Persistent link: https://www.econbiz.de/10005826331
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FDI from BRICs to LICs; Emerging Growth Driver?
Mlachila, Montfort; Takebe, Misa - International Monetary Fund (IMF) - 2011
FDI-flows from Brazil, Russia, India and China (BRICs). The paper finds that official data sources undoubtedly …
Persistent link: https://www.econbiz.de/10009203549
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Rwanda; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2008
Rwanda’s Economic Development and Poverty Reduction Strategy provides a medium-term framework for achieving the country’s long-term development goals and aspirations as embodied in Rwanda Vision 2020, the seven-year Government of Rwanda programme, and the Millennium Development...
Persistent link: https://www.econbiz.de/10011244912
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Kingdom of Lesotho; Poverty Reduction Strategy Paper: National Strategic Development Plan
International Monetary Fund (IMF); International … - 2012
This paper describes the Kingdom of Lesotho’s Poverty Reduction Strategy Paper and National Strategic Development Plan (NSDP) 2012/13–2016/17. NSDP recognizes, as a point of departure, the need and urgency for Lesotho to radically transform its economy. To achieve the National...
Persistent link: https://www.econbiz.de/10011245521
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Ghana; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2012
Ghana has pursued several programs to accelerate the growth of the economy. In 1995, the government presented “Ghana: Vision 2020,†aimed at making Ghana a middle-income country in 25 years. Vision 2020 focused on human development, economic growth, rural development, urban...
Persistent link: https://www.econbiz.de/10011245703
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The Endogenous Skill Bias of Technical Change and Inequality in Developing Countries
Behar, Alberto - International Monetary Fund (IMF) - 2013
This paper draws on existing empirical literature and an original theoretical model to argue that globalization and skill supply affect the extent to which technology adoption in developing countries favors skilled workers. Developing countries are experiencing technical change that is...
Persistent link: https://www.econbiz.de/10010790338
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Institutional Inertia
Valderrama, Laura - International Monetary Fund (IMF) - 2009
We study the relative efficiency of outside-owned versus employee-owned firms and analyze implications for institutional change in a context of technological innovation. When decisions are made through majority voting, the vote on technology choice is used to influence the later vote on the...
Persistent link: https://www.econbiz.de/10008528612