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This Joint Staff Advisory Note (JSAN) reviews the Kenya Vision 2030 (the Vision) First Medium-Term Plan (MTP) 2008–12 prepared by the government of Kenya. IMF staff finds that the objectives of the MTP are generally compelling and well considered on a sector-by-sector basis, but less so...
Persistent link: https://www.econbiz.de/10011243861
Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress. At the same time, the...
Persistent link: https://www.econbiz.de/10005768889
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-specific technical change, associated with...
Persistent link: https://www.econbiz.de/10005248234
information communication technology (ICT). Using panel data for 76 emerging and advanced countries for the period 1990-2003, the … paper finds that credit and stock market development tends to foster ICT development. Financial structure, however, does not … appear to have any significant relationship with ICT development. The conclusions of the paper highlight the role of …
Persistent link: https://www.econbiz.de/10005263968
This Selected Issues paper examines the role of information and communication technology (ICT) in the recent … (TFP) growth is a broad phenomenon that encompasses non-ICT producing sectors, consistent with the view that ICT is a â …
Persistent link: https://www.econbiz.de/10005825041
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
The contribution of the information and communication technology (ICT) sector to growth in Asian economies is clearly … paper employs an extension of the standard growth accounting framework, using estimates of stock of ICT capital (hardware …, software, and telecommunications equipment), to estimate the direct contributions to growth. The contribution of ICT to growth …
Persistent link: https://www.econbiz.de/10005768879
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
While production of ICT equipment plays a subordinate role for economic growth in most of these countries, they do … benefit from capital deepening arising from falling prices of ICT equipment. Adapting established growth accounting approaches … to the data environment of low-income countries, we quantify the growth impacts of absorption of ICT equipment, finding …
Persistent link: https://www.econbiz.de/10008470403
This paper studies the impact of information and communication technologies (ICT), especially mobile phone rollout, on … of the channels through which mobile phone development influences economic growth. In estimating the impact of ICT on … economic growth, we use a wide range of ICT indicators, including mobile and fixed telephone penetration rates and the cost of …
Persistent link: https://www.econbiz.de/10009019587