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Make in India
Anand, Rahul - 2015
trade. This paper breaks new ground in analyzing India's exports by the technological content, quality, sophistication, and …
Persistent link: https://www.econbiz.de/10012679201
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From "Hindu Growth" to Productivity Surge; The Mystery of the Indian Growth Transition
Rodrik, Dani; Subramanian, Arvind - International Monetary Fund (IMF) - 2004
This paper explores the causes of India's productivity surge around 1980, more than a decade before serious economic … response, because India was far away from its income-possibility frontier. Registered manufacturing, which had been built up in …
Persistent link: https://www.econbiz.de/10005825610
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Advancing India’s Structural Transformation and Catch-up to the Technology Frontier
Alonso, Cristian - 2024
While India’s growth has been strong in recent decades, its structural transformation remains incomplete. In this paper …, we first take stock of India’s growth to date. We find that economic activity has shifted from agriculture to services … consider India’s employment challenge going forward. We find that India needs to create between 143-324 million jobs by 2050 …
Persistent link: https://www.econbiz.de/10015080244
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Elasticity Optimism
Fund, International Monetary - 2009
In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...
Persistent link: https://www.econbiz.de/10012677518
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International Trade Spillovers from Domestic COVID-19 Lockdowns
Aiyar, Shekhar - 2022
While standard demand factors perform well in predicting historical trade patterns, they fail conspicuously in 2020, when pandemic-specific factors played a key role above and beyond demand. Prediction errors from a multilateral import demand model in 2020 vary systematically with the health...
Persistent link: https://www.econbiz.de/10015060337
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Geopolitics and International Trade: The Democracy Advantage
Cevik, Serhan - 2024
Do political regimes determine how geopolitics influence international trade? This paper provides an empirical answer to the question by analyzing the joint impact of democracy and geopolitical distance between countries with an augmented gravity model of bilateral trade flows and an extensive...
Persistent link: https://www.econbiz.de/10015058709
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Macroeconomic Responses to Terms-of-Trade Shocks
Berkmen, Pelin - 2009
This paper presents a version of the global integrated monetary fiscal (GIMF) model adapted and calibrated to the Argentine economy. The model replicates the effect of the strong improvement in Argentina's terms of trade stemming from higher world commodity prices as well as other key economic...
Persistent link: https://www.econbiz.de/10012677786
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Commodity Terms of Trade
Fund, International Monetary - 2009
We compile a historical dataset covering nearly 40 years of booms and busts in the commodity terms of trade of over 150 countries. We discuss the characteristics of these events and their effects on macroeconomic performance and, in particular, compare the most recent commodity-price cycle with...
Persistent link: https://www.econbiz.de/10012677879
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Welfare Gains of Aid Indexation in Small Open Economies
Dhasmana, Anubha - 2008
Foreign aid flows to poor, aid-dependent economies are highly volatile and pro-cyclical. Shortfalls in aid coincide with shortfalls in GDP and government revenues. This increases the consumption volatility in aid dependent countries, thereby causing substantial welfare losses. This paper finds...
Persistent link: https://www.econbiz.de/10012677584
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Foreign Reserve Adequacy in sub-Saharan Africa
Fund, International Monetary - 2008
This paper looks at the question of adequacy of reserves in sub-Saharan African countries in light of the shocks faced by these countries. Literature on optimal reserves so far has not paid attention to the particular shocks facing low-income countries. We use a two-good endowment economy model...
Persistent link: https://www.econbiz.de/10012677596