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The paper finds that, given Australia's conservative approach in implementing the Basel II framework, Australian banks …
Persistent link: https://www.econbiz.de/10009423924
-factor productivity (MFP) in a panel of industries in 15 OECD countries over the period 1980 to 2003, with a special focus on Australia …
Persistent link: https://www.econbiz.de/10012677560
In this paper, the IMF's new Global Economy Model (GEM) is used to estimate the contribution of unbalanced growth to … the decline in the share of goods production in Australia and New Zealand. The simulation results suggest that faster … productivity growth in the tradable goods sector in Australia, New Zealand, and their major trading partners accounts for a …
Persistent link: https://www.econbiz.de/10012677711
Intro -- Contents -- I. INTRODUCTION -- II. FINANCIAL INTEGRATION REDUCES RISK -- III. ESTIMATION METHODOLOGY AND DATA -- IV. RESULTS -- V. CONCLUSION -- Appendix. Data Sources and Construction -- References.
Persistent link: https://www.econbiz.de/10012690982
This paper argues that Japan’s excessive labor market duality can reduce Total Factor Productivity (TFP) due to a … employment protection between regular and non-regular workers would substantially reduce labor market duality in Japan. One …
Persistent link: https://www.econbiz.de/10011242174
We assess the ongoing reform efforts in Japan in terms of inclusive growth. We use prefectural level panel data to …
Persistent link: https://www.econbiz.de/10011242353
particularly concerning in Japan, where the success of Abenomics depends on a transition from stimulus-driven to self …
Persistent link: https://www.econbiz.de/10011142082
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/10009659768
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/10009659803
After earlier success, growth performance in most Caribbean countries has been disappointing since the early 1990s. With slower growth, output has fallen behind that of relevant comparator countries. This paper analyzes the growth experience of the Caribbean countries from a cross country...
Persistent link: https://www.econbiz.de/10009659894