Showing 1 - 10 of 42
This paper examines the case for internationally coordinated indirect taxes on aviation (as a source of general revenue-not (necessarily) as a source of development finance). The case for such taxes is strong: the tax burden on international aviation is currently limited, yet it contributes...
Persistent link: https://www.econbiz.de/10005769201
This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the...
Persistent link: https://www.econbiz.de/10010790497
From its early post-war catch-up phase, Germany’s formidable export engine has been its consistent driver of growth. But Germany has almost equally consistently run current account surpluses. Exports have powered the dynamic phases and helped emerge from stagnation. Volatile external...
Persistent link: https://www.econbiz.de/10011142028
Domestic private saving rates have been on a declining trend in many Emerging Markets (EMs), raising questions about countries’ ability to generate sufficient domestic resources to finance investment. This paper examines how countries have managed to achieve protracted increases in the...
Persistent link: https://www.econbiz.de/10011142181
fluctuations due to product quality. Our model shows that the elasticity of demand perceived by exporters decreases with a real … depreciation and with quality, leading to more pricing-to-market and to a smaller response of export volumes to a real depreciation … for higher quality goods. We test the proposed theory using a highly disaggregated Argentinean firm-level wine export …
Persistent link: https://www.econbiz.de/10010790394
income countries and states have high demand for low quality products which can be produced efficiently in small plants. I … respect to quality on the consumer side. On the producer side, high quality production has higher marginal costs and requires … higher fixed costs. These two features imply that high quality producers are larger on average and charge higher prices. The …
Persistent link: https://www.econbiz.de/10011106152
Poverty Reduction Strategy Papers (PRSPs) are prepared by member countries in broad consultation with stakeholders and development partners, including the staffs of the World Bank and the IMF. Updated every three years with annual progress reports, they describe the country’s...
Persistent link: https://www.econbiz.de/10011245452
This paper develops new, far more extensive estimates of export quality, covering 178 countries and hundreds of … products over 1962–2010. Quality upgrading is particularly rapid during the early stages of development, with quality … quality growth rates. Within any given product line, quality converges both conditionally and unconditionally to the world …
Persistent link: https://www.econbiz.de/10011123871
Sound corporate governance is essential for a well-functioning banking system and the integrity of financial markets. The paper discusses the corporate governance of Italian banks, its regulatory framework, and the specific challenges arising from the role played by foundations and large...
Persistent link: https://www.econbiz.de/10010959465
This technical note on strategic issues in Development Bank (DB) reform for Mexico examines advances in the area of DB and funds in 2000–05. There have been significant but uneven changes in the institutional setting, instruments, transparency of subsidies, and performance behavior of DBs...
Persistent link: https://www.econbiz.de/10011243205