Showing 1 - 10 of 724
This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses … results suggest that trade is growing slowly not only because of slow growth of Gross Domestic Product (GDP), but also because …
Persistent link: https://www.econbiz.de/10013027665
A growing body of empirical evidence suggests that inequality-income or gender related-canimpede economic growth. Using … legal gender-based restrictions, arejointly negatively associated with per capita GDP growth. Examining the relationship for … capita income growth in sub-Saharan Africa could be higher by as muchas 0.9 percentage points on average if inequality was …
Persistent link: https://www.econbiz.de/10012977859
inequality has risen in most of Asia, in contrast to many regions. While in the past, rapid growth in Asia has come with … equitable distribution of the gains, more recently fast-growing Asian economies have been unable to replicate the 'growth with … equity' miracle. There is a growing consensus that high levels of inequality can hamper the pace and sustainability of growth …
Persistent link: https://www.econbiz.de/10012995280
Thailand stands out in international comparison as a country with a high dispersion of productivity across sectors. It … across sectors, but that process - which made a significant contribution to Thailand's growth in the past - appears to have …
Persistent link: https://www.econbiz.de/10013024441
Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in distinguishing between cycle and trend in real time. This is important given the central role in monetary policy of assessments of economic activity relative to capacity. We show that...
Persistent link: https://www.econbiz.de/10013027622
GDP growth in India. We collect data on a sample of 14 Indian states over the period 1989-2013, and use the cross …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5percent. This …
Persistent link: https://www.econbiz.de/10013028686
We document the evolution of poverty and inequality across Indian states during the recent period of rapid growth (2004 …-09), and examine the role of growth and distribution in reducing poverty. Robust economic growth has been a major driver of … explaining inclusive growth and its components, using a new measure of inclusive growth. Social expenditures, spending on …
Persistent link: https://www.econbiz.de/10013053957
The paper discusses the effectiveness of independent fiscal institutions -- or fiscal councils -- in taming the deficit bias that emerged in the 1970s. After a review of the main theoretical arguments and recent trends about fiscal councils, we develop a stylized model showing how a fiscal...
Persistent link: https://www.econbiz.de/10012977753
This paper analyzes the effects of product market reforms in the short and medium term across 10 regulated industries and 18 advanced economies for the period 1998-2013 using internationally comparable firm-level data based on Orbis. It provides four key insights. First, product market reforms...
Persistent link: https://www.econbiz.de/10012977841
attracted increasing interest from the international community with the G-20, IMF, and World Bank Group assuming an active role …, economic growth, and financial stability. Nonetheless, the issue of its robust measurement is still outstanding. The new …
Persistent link: https://www.econbiz.de/10013057310