Showing 1 - 10 of 320
The term structure of domestic investment grade bond spreads - or corporate spread curve - contains useful information to predict future changes in industrial production, beyond the information already contained in interest rates, commercial paper-treasury bill spreads, and lagged values of...
Persistent link: https://www.econbiz.de/10013317968
This paper provides an empirical benchmarking of growth, productivity and export patterns for developing NREs against … service export baskets. Technological progress and specialization in trade in services may offer diversification options for …
Persistent link: https://www.econbiz.de/10013015610
We explore the contribution of product-quality upgrading to the export performance of six fast-growing Asian economies … changes in these countries' sectoral export shares during 1970-2010. We build a multisector Ricardian trade model which allows … for changes in product quality, and calibrate it to generate predictions about export volumes. Unlike previous literature …
Persistent link: https://www.econbiz.de/10012843384
Structural transformation depends not only on how much countries export but also on what they export and with whom they … complexity of the export basket. We identify five priority areas for policies: (1) reduction of trade costs, at and behind the …
Persistent link: https://www.econbiz.de/10013019027
direct measures of product variety calculated from 6-digit OECD export and import data. Although the issue is still far from …
Persistent link: https://www.econbiz.de/10013317978
This study investigates the impact of the current financial crisis on Canada's potential GDP growth. Using a simple accounting framework to decompose trend GDP growth into changes in capital, labor services and total factor productivity, we find a sizeable drop in Canadian potential growth in...
Persistent link: https://www.econbiz.de/10013134722
The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade-the ambition of most...
Persistent link: https://www.econbiz.de/10013096275
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...
Persistent link: https://www.econbiz.de/10013096278
We investigate the relation between changes in tax composition and long-run economic growth using a new dataset covering a broad cross-section of countries with different income levels. We specifically consider 69 countries with at least 20 years of observations on total tax revenue during the...
Persistent link: https://www.econbiz.de/10013097287
Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly aging population and ameliorating income inequality. This paper argues that a gradual increase in social spending could promote more sustainable and inclusive growth in Korea....
Persistent link: https://www.econbiz.de/10013098277