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Estimating Potential Growth in the Middle East and Central Asia
Mitra, Pritha; Hosny, Amr; Abajyan, Gohar; Fischer, Mark - International Monetary Fund (IMF) - 2015
the next five years. The reasons behind this slowdown differ across the region. Lower productivity growth drives the … productivity growth is key to unlocking the region’s higher growth potential. For oil importers, raising physical capital …
Persistent link: https://www.econbiz.de/10011242348
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How can Korea Boost Potential Output to Ensure Continued Income Convergence?
Jain-Chandra, Sonali; Zhang, Longmei - International Monetary Fund (IMF) - 2014
Korea’s rapid growth has slowed in recent years, suggesting lower potential growth. This paper uses an array of techniques, including statistical filters, a multivariate model and the production function, to estimate Korea’s potential growth. The main finding is that trend growth...
Persistent link: https://www.econbiz.de/10011142072
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Tales From Two Neighbors; Productivity Growth in Canada and the United States
Cerisola, Martin D.; Chan-Lau, Jorge A. - International Monetary Fund (IMF) - 2000
This paper assesses productivity trends in Canada vis-a-vis the United States from two perspectives. The first one is … based on estimates of total factor productivity. The second one decomposes productivity growth into two sources: investment … underlying cause of the pickup in productivity in Canada and the narrowing of the productivity gap with the United States. …
Persistent link: https://www.econbiz.de/10005248234
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Dynamic Gains From Trade; Evidence From South Africa
Subramanian, Arvind; Jonsson, Gunnar - International Monetary Fund (IMF) - 2000
This paper examines the empirical relationship between trade and total factor productivity (TFP) in South Africa. It …
Persistent link: https://www.econbiz.de/10005264046
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Public Debt and Productivity; The Difficult Quest for Growth in Jamaica
Blavy, Rodolphe - International Monetary Fund (IMF) - 2006
provides evidence of a significant and negative relationship between total public debt and productivity growth. Looking at the … specific channels through which high debt affects productivity growth and the allocation of resources in Jamaica, the study … excessively on a few maturing sectors with limited scope for productivity growth. Furthermore, public investment has been crowded …
Persistent link: https://www.econbiz.de/10005768824
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Real Exchange Rates in Growing Economies; How Strong is the Role of the Nontradables Sector?
Miyajima, Ken - International Monetary Fund (IMF) - 2005
This paper emphasizes the importance of total factor productivity (TFP) developments in the nontradables sector to …
Persistent link: https://www.econbiz.de/10005768939
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Benchmarking Structural Transformation Across the World
Dabla-Norris, Era; Thomas, Alun H.; Garcia-Verdu, Rodrigo; … - International Monetary Fund (IMF) - 2013
This paper documents stylized facts on the process of structural transformation around the world and empirically analyzes its determinants using data on real value added by sector of economic activity (agriculture, manufacturing and services) for a panel of 168 countries over the period...
Persistent link: https://www.econbiz.de/10010790237
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Output Gap in Presence of Financial Frictions and Monetary Policy Trade-offs
Furlanetto, Francesco; Gelain, Paolo; Sanjani, Marzie Taheri - International Monetary Fund (IMF) - 2014
The recent global financial crisis illustrates that financial frictions are a significant source of volatility in the economy. This paper investigates monetary policy stabilization in an environment where financial frictions are a relevant source of macroeconomic fluctuation. We derive a measure...
Persistent link: https://www.econbiz.de/10010800969
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Estimating Sri Lanka’s Potential Output
Ding, Ding; Nelmes, John; Perera, Roshan; Tulin, Volodymyr - International Monetary Fund (IMF) - 2014
In this paper we present various techniques to estimate Sri Lanka’s potential output and output gap, including statistical and model-based approaches. Compared to conventional statistical filters that rely exclusively on information in a single series, the model-based approaches allow...
Persistent link: https://www.econbiz.de/10011142089
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Effects of Globalizationon Labor's Share in National Income
Guscina, Anastasia - International Monetary Fund (IMF) - 2006
The past two decades have seen a decline in labor's share of national income in several industrial countries. This paper analyzes the role of three factors in explaining movements in labor's share--factor-biased technological progress, openness to trade, and changes in employment...
Persistent link: https://www.econbiz.de/10005769331