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Is China Over-Investing and Does it Matter?
Lee, Il Houng; Syed, Murtaza H.; Xueyan, Liu - International Monetary Fund (IMF) - 2012
Now close to 50 percent of GDP, this paper assesses the appropriateness of China’s current investment levels. It finds that China’s capital-to-output ratio is within the range of other emerging markets, but its economic growth rates stand out, partly due to a surge in investment...
Persistent link: https://www.econbiz.de/10011142176
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Uganda; 2013 Article IV Consultation and Sixth Review Under the Policy Support Instrument, Request for a Three-Year Policy Support Instrument and Cancellation of Current Policy Sup...
International Monetary Fund (IMF); International … - 2013
This paper focuses on Uganda’s 2013 Article IV Consultation and Sixth Review Under the Policy Support Instrument, Request for a Three-Year Policy Support Instrument and cancellation of Current Policy Support Instrument. Driven mainly by investment and trade, growth has recovered to about...
Persistent link: https://www.econbiz.de/10011243441
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Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area
Quint, Dominic; Rabanal, Pau - International Monetary Fund (IMF) - 2013
In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. We find that the introduction of a...
Persistent link: https://www.econbiz.de/10010790358
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International Capital Crunches; The Time-Varying Role of Informational Asymmetries
Mody, Ashoka; Taylor, Mark P. - International Monetary Fund (IMF) - 2002
default risk—in conditioning capital flows. …
Persistent link: https://www.econbiz.de/10005825608
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Explaining Russia's Output Collapse; Aggregate Sources and Regional Evidence
Dolinskaya, Irina; Tytell, Irina - International Monetary Fund (IMF) - 2001
This paper explores sources of the output collapse in Russia during transition. A modified growth accounting framework is developed that takes into account changes in factor utilization typical of the transition process. The results indicate that declines in factor inputs and productivity were...
Persistent link: https://www.econbiz.de/10005826009
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Public Capital and Output Growth in Portugal; An Empirical Analysis
Ligthart, Johanna Elisabeth - International Monetary Fund (IMF) - 2000
The paper investigates the growth effects of public capital in Portugal using annual data for the period 1965-95. Both a production function and a vector autoregressive model are estimated. Public capital is shown to be a significant long-term determinant of output growth. The size of the...
Persistent link: https://www.econbiz.de/10005826148
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Evolution of the Relative Price of Goods and Services in a Neoclassical Model of Capital Accumulation
Klyuev, Vladimir - International Monetary Fund (IMF) - 2004
This paper provides an explanation for the secular increase in the price of services relative to that of manufactured goods that relies on capital accumulation rather than on an exogenous total factor productivity growth differential. The key assumptions of the two-sector, intertemporal...
Persistent link: https://www.econbiz.de/10005826155
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Wild or Tamed?; India's Potential Growth
Oura, Hiroko - International Monetary Fund (IMF) - 2007
With India's GDP expanding at a rate above 8 percent in recent years, the debate about whether India is overheating revolves mainly about whether growth is above potential-that is, whether the economy is exceeding its "speed limit." This paper attempts to shed light on this debate by providing...
Persistent link: https://www.econbiz.de/10005826268
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Real and Financial Sector Linkages in China and India
Aziz, Jahangir - International Monetary Fund (IMF) - 2008
explaining China's and India's growth. Specific financial sector policies are shown to map well the size and changes in the … investment wedge. In the case of China, nonperforming loans, borrowing constraints, and uncertainty over changes in government … rebalancing growth in China and sustaining high investment rate in India, further financial sector reforms could turn out to be …
Persistent link: https://www.econbiz.de/10005826386
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Foreign Aid Policy and Sources of Poverty; A Quantitative Framework
Mourmouras, Alex; Rangazas, Peter - International Monetary Fund (IMF) - 2006
The econometric literature has been unable to establish a robust association between foreign aid and growth and poverty reduction. In this paper we argue that aid effectiveness must be assessed using methods that go beyond cross-country regressions. We calibrate a dynamic general equilibrium...
Persistent link: https://www.econbiz.de/10005826661