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An Empirical Reassessment of the Relationship Between Finance and Growth

Favarra, Giovanni - International Monetary Fund (IMF) - 2003

This paper reexamines the empirical relationship between financial development and economic growth. It presents evidence based on cross-section and panel data using an updated dataset, a variety of econometric methods, and two standard measures of financial development: the level of liquid...

Persistent link: https://www.econbiz.de/10005826253

Is Russia Still Driving Regional Economic Growth?

Pani, Marco; Jafarov, Etibar; Shiells, Clinton R. - International Monetary Fund (IMF) - 2005

This paper investigates whether the linkages between economic growth in Russia and growth in other countries in the region have weakened over time, particularly following the 1998 Russian crisis. It specifies an econometric model that includes standard growth determinants as well as Russian...

Persistent link: https://www.econbiz.de/10005599404

In Search of Coincident and Leading Indicators of Economic Activity in Argentina

Simone, Alejandro - International Monetary Fund (IMF) - 2001

Time series on economic activity in developing countries, in particular real GDP, are reported with important lags. Therefore, it is useful to construct indicators that coincide or lead the actual direction and level of economic activity. A general methodology to construct these indicators is...

Persistent link: https://www.econbiz.de/10005604906

Technology Shocks and Aggregate Fluctuations; How Well Does the RBC Model Fit Postwar U.S. Data?

Galí, Jordi; Rabanal, Pau - International Monetary Fund (IMF) - 2004

instead to demand factors as the main force behind the strong positive comovement between output and labor input measures. …

Persistent link: https://www.econbiz.de/10005605356

Does Demand Volatility Lower Growth and Raise Inflation? Evidence from the Caribbean

Kandil, Magda E. - International Monetary Fund (IMF) - 2014

The paper investigates asymmetry in the allocation of aggregate demand shocks between real output growth and price … existence of structural constraints, implying that positive demand shocks feed predominantly into prices while negative demand … shocks mainly affect output. The high variability of aggregate demand in Caribbean countries, frequently exposed to shocks …

Persistent link: https://www.econbiz.de/10010790404

Government Spending, Legislature Size, and the Executive Veto

Baqir, Reza - International Monetary Fund (IMF) - 2001

Recent work on the political economy of fiscal policy has asked how budgetary institutions affect fiscal outcomes. But what determines the budgetary institutions? In this paper I consider one such institution: the executive veto. A simple theoretical framework predicts that jurisdictions with...

Persistent link: https://www.econbiz.de/10005768732

Institutions V. Geography; Sub-National Evidence From the United States

Romero-Barrutieta, Alma; Clifton, Eric V. - International Monetary Fund (IMF) - 2006

Empirical studies of the impact of geography and institutions on growth and development at the international level have become common place, but the high degree of abstraction at that level has led to calls for subnational studies. This paper examines these issues for a region of the United...

Persistent link: https://www.econbiz.de/10005768750

Once Again, is Openness Good for Growth?

International Monetary Fund (IMF); International … - 2004

Rodriguez and Rodrik (2000) argue that the relation between openness and growth is still an open question. One of the main problems in the assessment of the effect is the endogeneity of the relation. In order to address this issue, this paper applies the identification through heteroskedasticity...

Persistent link: https://www.econbiz.de/10005768790

Service offshoring, Productivity, and Employment; Evidence From the United States

Amiti, Mary; Wei, Shang-Jin - International Monetary Fund (IMF) - 2005

aggregate industry level of 96 industries indicating that there is sufficient growth in demand in other industries within these …

Persistent link: https://www.econbiz.de/10005768861

Institutions, Program Implementation, and Macroeconomic Performance

Nsouli, Saleh M.; Atoian, Rouben; Mourmouras, Alex - International Monetary Fund (IMF) - 2004

This paper assesses empirically the links among a country's institutions and political environment, its implementation of IMF-supported programs, and macroeconomic performance in a sample of 197 programs approved between 1992 and 2002. We find that a stronger institutional and political...

Persistent link: https://www.econbiz.de/10005769007