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And Schumpeter Said, "This is How Thou Shalt Grow"; Further Quest for Economic Growth in Poor Countries
Beaugrand, Philippe - International Monetary Fund (IMF) - 2004
entrepreneurs innovate—in the Schumpeterian sense—in order to bring about structural changes in the economy. The conclusion …
Persistent link: https://www.econbiz.de/10005825901
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Show Me the Money; Access to Finance for Small Borrowers in Canada
Klyuev, Vladimir - International Monetary Fund (IMF) - 2008
This paper examines access to business finance by Canadian small and medium-sized enterprises (SMEs) and to housing finance by Canadian households (particularly non-prime borrowers) against the background of a fairly concentrated and protected banking industry. It finds access broadly adequate...
Persistent link: https://www.econbiz.de/10005769089
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Growth and Capital Flows with Risky Entrepreneurship
Sandri, Damiano - International Monetary Fund (IMF) - 2010
This paper shows that the behavior of entrepreneurs facing incomplete financial markets and risky investment can … uninsurable risk of losing invested capital forces entrepreneurs to rely on self-financing, so that when business opportunities … open up entrepreneurs increase saving to finance the investment that produces growth. The key insight is that saving has to …
Persistent link: https://www.econbiz.de/10008519499
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Sudden Stops, Output Drops, and Credit Collapses
Dagher, Jihad - International Monetary Fund (IMF) - 2010
This paper proposes a tractable Sudden Stop model to explain the main patterns in firm level data in a sample of Southeast Asian firms during the Asian crisis. The model, which features trend shocks and financial frictions, is able to generate the main patterns observed in the sample during and...
Persistent link: https://www.econbiz.de/10008646413
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What Attracts tourists to Paradise?
Tsounta, Evridiki - International Monetary Fund (IMF) - 2008
This paper investigates the determinants of tourism demand in the Eastern Caribbean Currency Union. We estimate the demand function in a panel setting using annual data from 1979 to 2005. Results show that tourism arrivals are significantly affected by economic developments in the source...
Persistent link: https://www.econbiz.de/10005769110
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Eastern Caribbean Currency Union; Selected Issues
International Monetary Fund (IMF); International … - 2003
This Selected Issues paper analyzes the competitive threats to the tourism sector in the Eastern Caribbean Currency Union (ECCU). The paper concludes that the ECCU countries have lost competitiveness globally and vis-à-vis newly emergent Caribbean tourist destinations as a result of both price...
Persistent link: https://www.econbiz.de/10005591118
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Sex Discrimination and Growth
Esteve-Volart, Berta - International Monetary Fund (IMF) - 2000
This paper argues that sex discrimination is an inefficient practice. We model sex discrimination as the complete exclusion of females from the labor market or as the exclusion of females from managerial positions. The former implies a reduction in GDP per capita; the latter distorts the...
Persistent link: https://www.econbiz.de/10005599386
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Islamic Republic of Afghanistan; Interim Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2006
The report describes the policy framework for the Interim Afghanistan National Development Strategy (I-ANDS) and the vision for Afghanistan's developments. It reviews the progress under I-ANDS, analyzes the macroeconomic environment, characteristics of poverty and the policy goals, assesses the...
Persistent link: https://www.econbiz.de/10011244173
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Sierra Leone; Ex Post Assessment of Longer-Term Program Engagement
International Monetary Fund (IMF); International … - 2010
The political and security focus has shifted from post-conflict needs to consolidating gains on peace and stability. Macroeconomic stability has been re-established, and debt relief has improved the debt sustainability outlook. This enabled a gradual switch in policy priorities toward creating...
Persistent link: https://www.econbiz.de/10011244831
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Nicaragua; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2010
This poverty reduction strategy paper on Nicaragua shows that the main obstacles to poverty reduction are related to culture, historical, and structural factors, as well as weak public policy. The lack of proper physical infrastructure, the weaknesses in the energy matrix, the flaws in the...
Persistent link: https://www.econbiz.de/10011244863