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The Impact of U.S. Economic Growthon the Rest of the World; How Much Does it Matter?

Vamvakidis, Athanasios; Arora, Vivek B. - International Monetary Fund (IMF) - 2001

This paper provides a quantitative assessment of the impact of economic growth in the United States on growth in other countries. Using panel data estimation, the paper finds a significant positive impact of U.S. growth on growth in the rest of the world, especially developing countries, during...

Persistent link: https://www.econbiz.de/10005769024

The Implications of South African Economic Growth for the Rest of Africa

Arora, Vivek B.; Vamvakidis, Athanasios - International Monetary Fund (IMF) - 2005

This paper measures the extent to which South African economic growth is an engine of growth in sub-Saharan Africa. Results based on panel data estimation for 47 African countries over four decades suggest that South African growth has a substantial positive impact on growth in the rest of...

Persistent link: https://www.econbiz.de/10005599760

How Much Do Trading Partners Matter for Economic Growth?

Arora, Vivek B.; Vamvakidis, Athanasios - International Monetary Fund (IMF) - 2004

This paper empirically examines the extent to which a country's economic growth is influenced by its trading partner economies. Panel estimation results based on four decades of data for over 100 countries show that trading partners' growth and relative income levels have a strong effect on...

Persistent link: https://www.econbiz.de/10005605092

China's Economic Growth; International Spillovers

Vamvakidis, Athanasios; Arora, Vivek B. - International Monetary Fund (IMF) - 2010

This paper presents some facts on Chinaâ€™s role in the world economy and measures the impact of Chinaâ€™s growth on growth in the rest of the world in the short and long term. Short-run estimates based on VARs and error-correction models suggest that spillover effects of...

Persistent link: https://www.econbiz.de/10008560430

Regional Wage Differentiation and Wage Bargaining Systems in the EU

Vamvakidis, Athanasios - International Monetary Fund (IMF) - 2008

The theoretical literature has argued that a centralized wage bargaining system may result in low regional wage differentiation and high regional unemployment differentials. The empirical literature has found that centralized wage bargaining leads to lower wage inequality for different skills,...

Persistent link: https://www.econbiz.de/10005264211

The Wage-Price Spiral; Industrial Country Evidence and Implications

Kandil, Magda E. - International Monetary Fund (IMF) - 2003

Using quarterly time-series data for a sample of twelve industrial countries, the paper investigates the dynamics of nominal wage and price adjustments in the face of aggregate demand shocks. The evidence illustrates patterns of the wage-price spiral and accompanying fluctuations. During...

Persistent link: https://www.econbiz.de/10005599403

Cost of Living Adjustment and Business Cycles; Disaggregated Evidence

Kandil, Magda E. - International Monetary Fund (IMF) - 2000

For a sample of US industries, nominal wage and price inflation follow aggregate price inflation closely during economic expansions. Hence, fluctuations in profit markup and real output are moderate in the face of expansionary demand shocks. During recessions, however, industrial nominal wage...

Persistent link: https://www.econbiz.de/10005599427

Economic Growth in Croatia; Potential and Constraints

Moore, David; Vamvakidis, Athanasios - International Monetary Fund (IMF) - 2007

This paper examines the factors and constraints that affect recent and potential growth in Croatia, as well as policies that can influence it. On current productivity trends, it estimates Croatia's potential growth rate at 4-4Â½ percent, a result reasonably robust to different methodologies....

Persistent link: https://www.econbiz.de/10005599301

Labor Market Issues in the Caribbean: Scope to Mobilize Employment Growth

Kandil, Magda E.; Lindow, Genevieve; Mansilla, Mario; … - International Monetary Fund (IMF) - 2014

The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean … countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth … to major sources of labor market determinants, in the long and short run. The main determinants of employment include …

Persistent link: https://www.econbiz.de/10010800970