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The New Normal: A Sector-level Perspective on Productivity Trends in Advanced Economies
Dabla-Norris, Era; Guo, Si; Haksar, Vikram; Kim, Minsuk; … - International Monetary Fund (IMF) - 2015
Total factor productivity growth was stagnant or slowing in many advanced countries even prior to the crisis. This paper documents sector-level productivity patterns across advanced economies prior to the crisis and examines the role of product and labor market rigidities as well as innovation...
Persistent link: https://www.econbiz.de/10011245883
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Sector-Level Productivity, Structural Change, and Rebalancing in China
Nabar, Malhar; Yan, Kai - International Monetary Fund (IMF) - 2013
This paper studies structural changes underlying China's remarkable and unprecedented growth in recent years. While patterns of structural transformation across China's provinces are broadly in line with international experience, one important difference is in labor productivity differentials...
Persistent link: https://www.econbiz.de/10010790282
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Das Public Kapital: How Much Would Higher German Public Investment Help Germany and the Euro Area?
Elekdag, Selim; Muir, Dirk - International Monetary Fund (IMF) - 2014
Given the backdrop of pressing infrastructure needs, this paper argues that higher German public investment would not only stimulate domestic demand in the near term and reduce the current account surplus, but would also raise output over the longer-run as well as generate beneficial regional...
Persistent link: https://www.econbiz.de/10011123846
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Germany; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
This 2013 Article IV Consultation highlights that Germany’s economic rebound of 2010–11 gave way to weakening momentum during the course of 2012. Although exports to non-European trading partners began to recover by mid-2012, in line with improved prospects in the United States and...
Persistent link: https://www.econbiz.de/10011244067
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Tests of German Resilience
Bornhorst, Fabian; Mody, Ashoka - International Monetary Fund (IMF) - 2012
. But Germany has almost equally consistently run current account surpluses. Exports have powered the dynamic phases and … delivery of services, will be good for Germany and for the global economy. Absent such an effort, German growth will remain … constrained, and Germany will play only a modest role in spurring growth elsewhere. …
Persistent link: https://www.econbiz.de/10011142028
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Public Investment as an Engine of Growth
Warner, Andrew M. - International Monetary Fund (IMF) - 2014
This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in accelerating economic growth in low-income countries. It looks at big long-lasting drives in public capital spending, as these were arguably clear and exogenous policy decisions. On...
Persistent link: https://www.econbiz.de/10010959467
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Kingdom of the Netherlands-Aruba; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2013
This Selected Issues paper analyzes sustaining potential growth in Aruba. As in the other Caribbean countries, there are growing concerns in Aruba about the slowdown in economic growth over the past two decades and the consequent tepid outlook for potential growth. Tackling such concerns...
Persistent link: https://www.econbiz.de/10011245149
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Public Investment, Public Finance, and Growth: The Impact of Distortionary Taxation, Recurrent Costs, and Incomplete Appropriability
Adam, Christopher; Bevan, David - International Monetary Fund (IMF) - 2014
Effective public investment requires governments to address the "recurrent cost problem" to ensure operations and maintenance (O&M) expenditures are sufficient to sustain the flow of productive public capital services to private factors of production. Building on the model of Buffie et al...
Persistent link: https://www.econbiz.de/10010790277
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Guatemala; Selected Issues and Analytical Notes
International Monetary Fund (IMF); International … - 2013
This Selected Issues paper estimates both Guatemala’s potential output and output gap using a wide range of econometric techniques. The analysis suggests that Guatemala’s potential output growth is about 3.5 percent for the whole sample period and that the output gap is almost...
Persistent link: https://www.econbiz.de/10011243930
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Slowdown in Emerging Markets: Sign of a Bumpy Road Ahead?
Tsounta, Evridiki - International Monetary Fund (IMF) - 2014
Following very strong growth during the period 2000–12, emerging market economies (EMEs) experienced a slowdown in the last couple of years. This paper examines the supply-side drivers of the strong growth performance of 63 EMEs and investigates if the recent slowdown in growth is...
Persistent link: https://www.econbiz.de/10011142160