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This note is on Korea’s transition to a knowledge-based economy, the prospects and challenges ahead, and the development of its financial sector. Assessment of recent government initiatives to develop capital markets has been presented. The note discusses restrictions on Chaebol ownership...
Persistent link: https://www.econbiz.de/10011243724
India’s real GDP growth slipped substantially after the North Atlantic financial crisis. Return to a sustained high … growth trajectory is feasible but it will need much more focused attention to the revival of manufacturing and to the … ahead will be more difficult in view of the protracted slowdown in global growth and trade. …
Persistent link: https://www.econbiz.de/10011242441
The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting … of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and growth slowdown, then …
Persistent link: https://www.econbiz.de/10011142116
GDP growth in India. We collect data on a sample of 14 Indian states over the period 1989–2013, and use the cross …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5 percent. This …
Persistent link: https://www.econbiz.de/10011142122
that will need to be addressed for China to maintain sustained high growth and continued global integration. …
Persistent link: https://www.econbiz.de/10005252521
This paper analyzes the factors behind the recent growth of India's services sector. The high growth of services output … services by other sectors, and rising exports, were important in boosting services growth in the 1990s, supply side factors … services exports is well known, but the paper also finds considerable scope for growth in the Indian service economy provided …
Persistent link: https://www.econbiz.de/10005264131
A new dataset on export sophistication reveals that in many countries the importance of modern services, and the …. Sophisticated sectors are more likely to act as a catalyst for broad-based economic growth, rather than turning into isolated … sophisticated goods and services. An appropriate macroeconomic policy is particularly important for goods, skilled labor and good …
Persistent link: https://www.econbiz.de/10009654173
stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an …
Persistent link: https://www.econbiz.de/10005767351
This paper examines the effect of the major Canada-U.S. trade agreements on the dynamics of business cycles and productivity in Canada. The North American Free Trade Agreement (NAFTA) and its predecessor, the Canada-U.S. Free Trade Agreement (CUSFTA), have led to a substantial expansion of trade...
Persistent link: https://www.econbiz.de/10005769318
light of the 2008-09 global recession. Using structural VAR models, it is found that a one percent shock to U.S. growth …
Persistent link: https://www.econbiz.de/10008519508