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The Elusive Gains From International Financial Integration
Gourinchas, Pierre-Olivier; Jeanne, Olivier - International Monetary Fund (IMF) - 2004
from a take-off in domestic productivity of the magnitude observed in some of these countries. …
Persistent link: https://www.econbiz.de/10005605034
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Multinational Enterprises, International Trade, and Productivity Growth; Firm-Level Evidence From the United States
Yeaple, Stephen R.; Keller, Wolfgang - International Monetary Fund (IMF) - 2003
(FDI) between 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity … productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for import-related spillovers, but it …
Persistent link: https://www.econbiz.de/10005263684
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Does Technological Diffusion Explain Australia's Productivity Performance?
Tressel, Thierry - International Monetary Fund (IMF) - 2008
-factor productivity (MFP) in a panel of industries in 15 OECD countries over the period 1980 to 2003, with a special focus on Australia … productivity best practices over the past 16 years, and have benefited from the diffusion of Information and Communication …'s productivity performance and adoption of ICTs. …
Persistent link: https://www.econbiz.de/10005768866
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Institutional Inertia
Valderrama, Laura - International Monetary Fund (IMF) - 2009
We study the relative efficiency of outside-owned versus employee-owned firms and analyze implications for institutional change in a context of technological innovation. When decisions are made through majority voting, the vote on technology choice is used to influence the later vote on the...
Persistent link: https://www.econbiz.de/10008528612
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Political Risk Aversion
Valderrama, Laura - International Monetary Fund (IMF) - 2009
This paper studies the effect of individual uncertainty on collective decision-making to implement innovation. We show how individual uncertainty creates a bias for the status quo even under irreversible voting decisions, in contrast with Fernandez and Rodrik (1991). Blocking innovation is...
Persistent link: https://www.econbiz.de/10008528646
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Tax Concessions and Foreign Direct Investmentin the Eastern Caribbean Currency Union
Chai, Jingqing; Goyal, Rishi - International Monetary Fund (IMF) - 2008
Tax concessions have been employed as a central component of the development strategy in the small island states comprising the Eastern Caribbean Currency Union. This paper compares the costs of concessions in terms of revenues forgone with the benefits in terms of increased foreign direct...
Persistent link: https://www.econbiz.de/10005826331
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China'S Integration Into the World Economy; Implications for Developing Countries
Yang, Yongzheng - International Monetary Fund (IMF) - 2003
Although the rest of the world had waited a long time for China to open up, feelings were mixed when it actually did and began to integrate rapidly with the world economy. With the country’s recent accession to the World Trade Organization (WTO), many of its trading partners are increasingly...
Persistent link: https://www.econbiz.de/10005605423
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The Endogenous Skill Bias of Technical Change and Inequality in Developing Countries
Behar, Alberto - International Monetary Fund (IMF) - 2013
This paper draws on existing empirical literature and an original theoretical model to argue that globalization and …
Persistent link: https://www.econbiz.de/10010790338
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The Valuation Channel of External Adjustment
Lee, Jaewoo; Ghironi, Fabio; Rebucci, Alessandro - International Monetary Fund (IMF) - 2009
International financial integration has greatly increased the scope for changes in a country's net foreign asset position through the valuation channel, namely capital gains and losses on external assets and liabilities. We examine this valuation channel in a dynamic equilibrium portfolio model...
Persistent link: https://www.econbiz.de/10008497614
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Benchmarking Structural Transformation Across the World
Dabla-Norris, Era; Thomas, Alun H.; Garcia-Verdu, Rodrigo; … - International Monetary Fund (IMF) - 2013
This paper documents stylized facts on the process of structural transformation around the world and empirically analyzes its determinants using data on real value added by sector of economic activity (agriculture, manufacturing and services) for a panel of 168 countries over the period...
Persistent link: https://www.econbiz.de/10010790237