Showing 1 - 10 of 348
Over the past decade, China's growth model has become more reliant on investment and its footprint in global imports … has widened substantially. Several economies within China's supply chain are increasingly exposed to its investment …-led growth and face growing risks from a deceleration in investment in China. This note quantifies potential global spillovers …
Persistent link: https://www.econbiz.de/10013096278
This paper studies the linkage between structural coherence and economic growth. Structural coherence is defined as the degree that a country's industrial structure optimally reflects its factor endowment fundamentals. The paper found that at least for the overall capital, the shares of capital...
Persistent link: https://www.econbiz.de/10013098637
We examine determinants of, and interactions between, capital inflows, financial development, and domestic investment … macroeconomic policy. Both private capital inflows and domestic credit exert a positive effect on investment; they also mediate most … of the investment impact of the global price of risk and domestic borrowing costs. Surprisingly, neither greater domestic …
Persistent link: https://www.econbiz.de/10013102284
This paper proposes a possible framework for identifying excessive investment. Based on this method, it finds evidence … that some types of investment are becoming excessive in China, particularly in inland provinces. In these regions, private … consumption has on average become more dependent on investment (rather than vice versa) and the impact is relatively short …
Persistent link: https://www.econbiz.de/10013082858
vulnerable to financial frictions. By sheltering intangible investment from financial shocks, counter-cyclical macroeconomic … policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation …
Persistent link: https://www.econbiz.de/10012840222
The paper analyzes Jamaica's experience of low growth despite consistently high investment. Cross-country analysis … excessively on a few maturing sectors with limited scope for productivity growth. Furthermore, public investment has been crowded …
Persistent link: https://www.econbiz.de/10012778208
to investment and growth, they reduce the government's ability to increase supporters' consumption. The model predicts … that resource abundance is conductive to poor policies and, consequently, to low investment. The implications of the model …
Persistent link: https://www.econbiz.de/10012782830
detail the impact of low oil prices on investment. The framework alsocaptures the impact of current and planned policies on … investment, partly offsetting the sharpdecline in oil investment. Improvements in productivity are essential to lift potential …
Persistent link: https://www.econbiz.de/10012942332
This study examines the drivers of growth in Asian countries, with focus on the role of investment, the exchange rate … evidence is found that reduced financial risk and higher foreign direct investment support growth. The exchange rate regime …
Persistent link: https://www.econbiz.de/10013013822
We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different … mixes of investment in human capital and infrastructure. We show that investment in human capital is much more effective …
Persistent link: https://www.econbiz.de/10012828060