Similar Search Results

Sommer, Martin - International Monetary Fund (IMF) - 2009

Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries … felt in all advanced economies. Reforms aimed at increasing productivity in services and reducing gaps in employment … protection and benefits between regular and nonregular workers could help put Japan's wages on an upward trajectory in the medium …

Persistent link: https://www.econbiz.de/10004999951

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

Dissecting saving dynamics : measuring wealth, precautionary, and credit effects

Carroll, Chris; Slacalek, Jirka; Sommer, Martin - 2012

We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious 'buffer stock' model of optimal consumption in the presence...

Persistent link: https://www.econbiz.de/10009622528

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

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

Dissecting Saving Dynamics; Measuring Wealth, Precautionary, and Credit Effects

Carroll, Christopher; Sommer, Martin; Slacalek, Jiri - International Monetary Fund (IMF) - 2012

We argue that the U.S. personal saving rateâ€™s long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious â€˜buffer stockâ€™ model of optimal...

Persistent link: https://www.econbiz.de/10011242291