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The Federal Democratic Republic of Ethiopia; Selected Issues
International Monetary Fund (IMF); International … - 2013
This Selected Issues paper reviews the extent to which growth in Ethiopia has translated into higher living standards. A key feature of the economic strategy has been an explicit commitment to poverty reduction and structural transformation. This is underpinned by the vision of a...
Persistent link: https://www.econbiz.de/10011244172
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Measuring the Informal Economy in the Caucasus and Central Asia
Abdih, Yasser; Medina, Leandro - International Monetary Fund (IMF) - 2013
This study estimates the size of the informal economy, and the relative contribution of each underlying factor, for the Caucasus and Central Asia countries in 2008. Using a Multiple Indicator-Multiple Cause model, we find that a burdensome tax system, rigid labor market, low institutional...
Persistent link: https://www.econbiz.de/10010790402
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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
entrepreneurs innovate—in the Schumpeterian sense—in order to bring about structural changes in the economy. The conclusion …
Persistent link: https://www.econbiz.de/10005825901
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Show Me the Money; Access to Finance for Small Borrowers in Canada
Klyuev, Vladimir - International Monetary Fund (IMF) - 2008
This paper examines access to business finance by Canadian small and medium-sized enterprises (SMEs) and to housing finance by Canadian households (particularly non-prime borrowers) against the background of a fairly concentrated and protected banking industry. It finds access broadly adequate...
Persistent link: https://www.econbiz.de/10005769089
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Growth and Capital Flows with Risky Entrepreneurship
Sandri, Damiano - International Monetary Fund (IMF) - 2010
This paper shows that the behavior of entrepreneurs facing incomplete financial markets and risky investment can … uninsurable risk of losing invested capital forces entrepreneurs to rely on self-financing, so that when business opportunities … open up entrepreneurs increase saving to finance the investment that produces growth. The key insight is that saving has to …
Persistent link: https://www.econbiz.de/10008519499
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Sudden Stops, Output Drops, and Credit Collapses
Dagher, Jihad - International Monetary Fund (IMF) - 2010
This paper proposes a tractable Sudden Stop model to explain the main patterns in firm level data in a sample of Southeast Asian firms during the Asian crisis. The model, which features trend shocks and financial frictions, is able to generate the main patterns observed in the sample during and...
Persistent link: https://www.econbiz.de/10008646413
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Cameroon: 2014 Article IV Consultation
International Monetary Fund (IMF); International … - 2014
. The overarching policy issue remains unchanged: how to set Cameroon on a higher growth path, while mitigating low but …
Persistent link: https://www.econbiz.de/10011244273
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Cameroon; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
This paper presents key discussions of Cameroon’s 2013 Article IV Consultation. Economic activity in Cameroon has …
Persistent link: https://www.econbiz.de/10011245394
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Fiscal Sustainability, Public Investment, and Growth in Natural Resource-Rich, Low-Income Countries; The Case of Cameroon
Samaké, Issouf; Muthoora, Priscilla S.; Versailles, Bruno - International Monetary Fund (IMF) - 2013
sustainability in Cameroon. We develop a dynamic stochastic general equilibrium model to analyze the effects of such investment on … that Cameroon’s large infrastructural needs and relatively low current debt levels could justify a temporary deviation from …
Persistent link: https://www.econbiz.de/10011242196
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Inclusive Growth; An Application of the Social Opportunity Function to Selected African Countries
Adedeji, Olumuyiwa; Du, Huancheng; Opoku-Afari, Maxwell - International Monetary Fund (IMF) - 2013
The inclusiveness of growth depends on the extent of access to economic and social opportunities. This paper applies the concept of social opportunity function to ascertain the inclusiveness of growth episodes in selected African countries. Premised on the concept of social welfare function,...
Persistent link: https://www.econbiz.de/10011242365