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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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Liberia; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2008
This paper discusses implementation of the Poverty Reduction Strategy (PRS) in Liberia. Liberia’s PRS articulates the government’s overall vision and major strategies for moving toward rapid, inclusive, and sustainable growth and development during the period 2008–11. This...
Persistent link: https://www.econbiz.de/10011245748
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Gender and its Relevance to Macroeconomic Policy: A Survey
Stotsky, Janet Gale - International Monetary Fund (IMF) - 2006
that reducing gender inequality and improving the status of women may contribute to higher rates of economic growth and … greater macroeconomic stability. Women's relative lack of opportunities in developing countries inhibits economic growth … labor and financial markets is critical to enabling women to take full advantage of improved macroeconomic conditions …
Persistent link: https://www.econbiz.de/10005826540
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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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Japan; Financial Sector Assessment Program—Technical Note on Credit Intermediation
International Monetary Fund (IMF); International … - 2012
This paper is an analysis of Japan’s credit channel. The economic condition has no hindrance, but credit demand showed an inert performance. The state’s policies have helped the flow of finance and prevent bankruptcy, but several other aspects act as an impediment to credit...
Persistent link: https://www.econbiz.de/10011244991
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Microfinance in Africa; Experience and Lessons From Selected African Countries
Blavy, Rodolphe; Basu, Anupam; Yülek, Murat  - International Monetary Fund (IMF) - 2004
Based on the experience of selected countries, this paper offers a critical presentation of the development of the microfinance sector in Africa. The paper supports the view that microfinance institutions, especially those engaged in full financial intermediation, complement effectively the...
Persistent link: https://www.econbiz.de/10005263661
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External Finance, Sudden Stops, and Financial Crisis; What is Different This Time?
International Monetary Fund (IMF); International … - 2010
This paper develops a two-country DSGE model to investigate the transmission of a global financial crisis to a small open economy. We find that economies hit by a sudden stop arising from financial distress in the global economy are likely to face a more prolonged crisis than sudden stop...
Persistent link: https://www.econbiz.de/10008560432