Similar Search Results

Capital Income Taxation and Economic Growth in Open Economies

Palomba, Geremia - International Monetary Fund (IMF) - 2004

necessarily the same. A country can increase its share of the existing world capital by changing its taxes but, depending on the …

Persistent link: https://www.econbiz.de/10005263657

The Savings Trap and Economic Take-Off

Ghosh, Atish R.; Asilis, Carlos M. - International Monetary Fund (IMF) - 1992

We develop an overlapping generations model of a developing economy in which ‘culture’ and technology interact to determine savings, investment and growth. Investment is assumed to involve intermediation or other costs which may, in each period, result in either of two stable equilibria for...

Persistent link: https://www.econbiz.de/10005263787

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

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

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

Managing Risks in Financial Market Development; The Role of Sequencing

International Monetary Fund (IMF); International … - 2003

This paper proposes an integrated and risk-based approach to the sequencing and coordination of reforms to develop domestic financial markets. The paper argues that there is a hierarchy of financial markets that reflects the complexity of risks in each market and the interlinkages among markets....

Persistent link: https://www.econbiz.de/10005768863

Capital Flows and Demographics; An Asian Perspective

Lueth, Erik - International Monetary Fund (IMF) - 2008

with the yen carry-trade; and that China is key to understanding Asia's demographic impact on the world. It also finds that … for regional financial integration among world regions. Moreover, the demographic transition is unlikely to result in an … asset price meltdown and could even raise world interest rates under perfect capital mobility. …

Persistent link: https://www.econbiz.de/10005768978

Germany; Selected Issues

International Monetary Fund (IMF); International … - 2004

This Selected Issues paper on Germany reviews investment trends and business capital stock in Organization for Economic Co-operation and DevelopmentÂ (OECD) countries. Sharp wage increases are found to boost capital formation in the short term as employers substitute capital for labor at a...

Persistent link: https://www.econbiz.de/10005591372

External Capital Structure; Theory and Evidence

Lane, Philip R.; Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2000

Recent years have witnessed a change in the composition of capital flows to developing countries, and FDI and equity flows have been playing an increasing role. In this paper we discuss the challenges for international macroeconomics that these developments pose and characterize stylized facts...

Persistent link: https://www.econbiz.de/10005599542

International Risk Sharing and Currency Unions; The CFA Zones

Yehoue, Etienne B. - International Monetary Fund (IMF) - 2005

This paper explores income and consumption smoothing patterns among the member countries of each of the CFA zones-the CEMAC2 and the WAEMU3-during the period 1980-2000. I find that for the CEMAC, only about 15 percent of shocks to GDP are smoothed through the standard channels (that is, capital...

Persistent link: https://www.econbiz.de/10005599656

1
2
3
4
5
6
7
8
9
10
Next
Last