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-level administrative data - that large immigration flows since 2012 have had dampening effects on aggregate wage growth, as complementarity …
Persistent link: https://www.econbiz.de/10012843295
This paper studies the impact of U.S. immigration barriers on global knowledge production. We present four key findings … developing countries. Fourth, certain ‘push’ incentives that reduce immigration barriers—by addressing financing constraints for …
Persistent link: https://www.econbiz.de/10013226450
This paper uses census and household survey data on Cameroon, Ghana, and South Africa toexamine immigration's impact in … the context of a segmented labor market in Sub-SaharanAfrica. We find that immigration affects (i) employment (ii … the impact depends on the degree of complementarity between immigrants and nativeworkers' skills. Immigration is found to …
Persistent link: https://www.econbiz.de/10013315124
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
We study how macroeconomic shocks affect U.S. public debt dynamics using a VAR with debt feedback. Following a fiscal austerity shock, the debt ratio initially declines and then returns to its pre-shock path. Yet, the effect is not statistically significant. In a weak economic environment, the...
Persistent link: https://www.econbiz.de/10013098577
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