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The Output Decline in the Aftermath of Reform; The Cases of Bulgaria, Czechoslovakia, and Romania
Ostry, Jonathan David; Borensztein, Eduardo; Demekas, … - International Monetary Fund (IMF) - 1992
This paper analyzes the declines in economic activity experienced by Bulgaria, the Czech and Slovak Federal Republic (CSFR), and Romania in the period since the initiation of market-oriented reforms in these countries. The paper reviews developments in the three countries and empirically...
Persistent link: https://www.econbiz.de/10005599534
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The Great Contractions in Russia, the Baltics and the Other Countries of the Former Soviet Union; A View From the Supply Side
International Monetary Fund (IMF); International … - 2000
collapsing investment and shrinking employment. Sharp declines in productivity, reflecting in part transition-related factors …
Persistent link: https://www.econbiz.de/10005263697
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South Africa; The Cyclical Behavior of the Markups and its Implications for Monetary Policy
Klein, Nir - International Monetary Fund (IMF) - 2011
The study looks at the cyclical behavior of the markups and assesses its impact on inflation dynamics. The analysis finds that the aggregate level of the private sector's markup is relatively high, thus pointing to the lack of strong competition in South Africa's product markets. Additionally,...
Persistent link: https://www.econbiz.de/10009293762
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Regional Convergence in Latin America
Sutton, Bennett; Lindow, Genevieve; Serra, Maria Isabel; … - International Monetary Fund (IMF) - 2006
This paper presents empirical evidence on convergence of per capita output for regions within six large middle-income Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. It explores the role played by several exogenous sectoral shocks and differences in steady states...
Persistent link: https://www.econbiz.de/10005769080
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A Multi-Industry Model of Growth with Financing Constraints
Ilyina, Anna; Samaniego, Roberto M. - International Monetary Fund (IMF) - 2009
This paper develops a multi-industry growth model in which firms require external funds to conduct productivity …
Persistent link: https://www.econbiz.de/10008528634
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Relating the Knowledge Production Function to total Factor Productivity; An Endogenous Growth Puzzle
Joutz, Frederick L.; Abdih, Yasser - International Monetary Fund (IMF) - 2005
The knowledge production function is central to R&D-based growth models. This paper empirically investigates the … knowledge production function and intertemporal spillover effects using cointegration techniques. Time-series evidence suggests … there are two long-run cointegrating relationships. The first captures a long-run knowledge production function; the second …
Persistent link: https://www.econbiz.de/10005605296
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The Quality of the Recent High-Growth Episode in Sub-Saharan Africa
Martinez, Marcelo; Mlachila, Montfort - International Monetary Fund (IMF) - 2013
The paper explores the quality of the recent high-growth episode in sub-Saharan Africa by examining the following two questions: (i) what has been the nature and pattern of SSA growth over the past 15 years and how does it compare with previous episodes? (ii) has this growth had an impact on...
Persistent link: https://www.econbiz.de/10011123863
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Philippines; Selected Issues Paper
International Monetary Fund (IMF); International … - 2011
This paper estimates potential growth in the Philippines using different methodologies, and discusses growth prospects for the medium term. Several approaches can be used to estimate potential growth. It also describes a forecasting and monetary policy analysis system (FPAS) model. Using the...
Persistent link: https://www.econbiz.de/10011243322
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Guinea; Poverty Reduction Strategy Paper—Progress Report
International Monetary Fund (IMF); International … - 2012
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
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Credit Constraints, Productivity Shocks and Consumption Volatility in Emerging Economies
Bhattacharya, Rudrani; Patnaik, Ila - International Monetary Fund (IMF) - 2013
consumption volatility. Calibration of the model for pre and post financial reform in India provides support for the model's key …
Persistent link: https://www.econbiz.de/10010790416