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Issues of taxation and development, which have long been a central concern of the IMF, have attracted wider and renewed interest in the last few years. This paper reflects on three broad lessons of experience: that developing countries differ vastly in tax matters, and in ways that are less than...
Persistent link: https://www.econbiz.de/10013098586
This paper takes a fresh look at the current theories of structural transformation and the role ofprivate and public fundamentals in the process. It summarizes some representative past andcurrent experiences of various countries vis-a-vis structural transformation with a focus on theroles of...
Persistent link: https://www.econbiz.de/10012909402
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
differentials across sectors: labor productivity is more volatile in agriculture and manufacturing than in services. Aggregate … output would therefore become less volatile as labor moves away from agriculture and manufacturing and toward the service … used to generate the time path of labor shares in agriculture, manufacturing and services in individual countries. Finally …
Persistent link: https://www.econbiz.de/10013085618
This paper examines the role of removing obstacles to competition in product markets in raising growth and productivity. Using firm-level data from Italy during 2003-13 and OECD measures of product market regulation, we estimate the effect of deregulation in network sectors on value added and...
Persistent link: https://www.econbiz.de/10012977836
transformation of output and exports, as well as indicators of their quality and sophistication. The move from agriculture to a wide …
Persistent link: https://www.econbiz.de/10013047970
This paper analyzes the link between public investment, economic growth and debt sustainability in Sierra Leone using an inter-temporal macroeconomic model. In the model, public capital improves the productive capacity of private capital, generating positive medium and long term effects to...
Persistent link: https://www.econbiz.de/10013016585
has especially low labor productivity in agriculture - a sector that employs a much larger share of the population than is …, agriculture plays a useful social and economic role as the employer of last resort. The paper makes a number of policy …
Persistent link: https://www.econbiz.de/10013024441
This paper explores the short-term employment effect of deregulating job protection forregular workers and how it varies with prevailing business cycle conditions. We apply a localprojection method to a newly constructed 'narrative' dataset of major regular job protectionreforms covering 26...
Persistent link: https://www.econbiz.de/10012929932
This paper estimates medium-term potential growth for a country undergoing significant structural and secular changes. Our forward-looking framework, incorporating three analytical approaches for examining economic prospects, constitutes an important complement to typical backward-looking...
Persistent link: https://www.econbiz.de/10012950400