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Centripetal forces in China's Economic Take-Off
Dayal-Gulati, Anuradha; Husain, Aasim M. - International Monetary Fund (IMF) - 2000
development: (i) that economic takeoff is associated with technological transfer through foreign direct investment (FDI); and (ii …
Persistent link: https://www.econbiz.de/10005769171
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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
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Political Risk Aversion
Valderrama, Laura - International Monetary Fund (IMF) - 2009
This paper studies the effect of individual uncertainty on collective decision-making to implement innovation. We show how individual uncertainty creates a bias for the status quo even under irreversible voting decisions, in contrast with Fernandez and Rodrik (1991). Blocking innovation is...
Persistent link: https://www.econbiz.de/10008528646
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Investment-Led Growth in China; Global Spillovers
Ahuja, Ashvin; Nabar, Malhar - International Monetary Fund (IMF) - 2012
Over the past decade, China’s growth model has become more reliant on investment and its footprint in global imports … has widened substantially. Several economies within China’s supply chain are increasingly exposed to its investment …-led growth and face growing risks from a deceleration in investment in China. This note quantifies potential global spillovers …
Persistent link: https://www.econbiz.de/10011242248
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And Schumpeter Said, "This is How Thou Shalt Grow"; Further Quest for Economic Growth in Poor Countries
Beaugrand, Philippe - International Monetary Fund (IMF) - 2004
The paper reviews the “stylized facts” on economic growth gathered by Easterly and Levine in their 2001 joint paper and illustrates some of the points made on the basis of data from the IMF’s World Economic Outlook on real growth and per capita GDP since 1970. The data show that the growth...
Persistent link: https://www.econbiz.de/10005825901
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You Say You Want a Revolution; Information Technology and Growth
Morsink, James; Haacker, Markus - International Monetary Fund (IMF) - 2002
The information technology (IT) revolution has arrived, but how much will it change the world? It has been established that IT is contributing to labor productivity growth through both increases in the levels of IT capital per worker and total factor productivity (TFP) growth in the production...
Persistent link: https://www.econbiz.de/10005769153
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Productivity or Employment; Is It a Choice?
Michelis, Andrea De; Estevão, Marcello M.; Wilson, … - International Monetary Fund (IMF) - 2013
Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends on their effect on aggregate demand. We raise the possibility that in response to labor supply shocks firms adjust efficiency, rendering TFP endogenous to firms’ production...
Persistent link: https://www.econbiz.de/10011242298
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Intangible Capital, Relative Asset Shortages and Bubbles
Giglio, Stefano; Severo, Tiago - International Monetary Fund (IMF) - 2011
We analyze an overlapping generations economy with financial frictions and accumulation of both physical and intangible capital. The key difference between them is that intangible capital cannot be used as collateral for borrowing. As intangibles become more important in production, financial...
Persistent link: https://www.econbiz.de/10009370542
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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
mining investment of more than M 5 billion will lead to increased diamond exports, higher GDP, and faster growth in tax …
Persistent link: https://www.econbiz.de/10011245521