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Xie, Danyang; Wang, Ping - International Monetary Fund (IMF) - 2002

This paper constructs an integrated framework to disentangle the underlying economic mechanism of industrial transformation. We consider three essential elements for the analysis: skill requirements, industry-wide spillovers, and degrees of consumption subsistence. We find that human and...

Persistent link: https://www.econbiz.de/10005604997

Output and Unemployment Dynamics During the Great Recession; A Panel Unobserved Components Analysis

Vitek, Francis - International Monetary Fund (IMF) - 2010

This paper analyzes the sources of output and unemployment dynamics in the world economy during the Great Recession …

Persistent link: https://www.econbiz.de/10008646428

Recent U.S. Labor Force Dynamics: Reversible or not?

Balakrishnan, Ravi; Dao, Mai; Sole, Juan; Zook, Jeremy - International Monetary Fund (IMF) - 2015

The U.S. labor force participation rate (LFPR) fell dramatically following the Great Recession and has yet to start recovering. A key question is how much of the post-2007 decline is reversible, something which is central to the policy debate. The key finding of this paper is that while around...

Persistent link: https://www.econbiz.de/10011242381

Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels

Choi, Sangyup; Loungani, Prakash - International Monetary Fund (IMF) - 2015

We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and … measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic … vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with …

Persistent link: https://www.econbiz.de/10011242392

Pacific Island Countries: In Search of a Trade Strategy

Chen, Hong; Rauqeuqe, Lanieta; Singh, Shiu raj; Wu, Yiqun; … - International Monetary Fund (IMF) - 2014

International trade is vital for economic prosperity in Pacific island countries, but their trade performance has been weak over the past decade with the exception of resource-rich countries. Small country size and remoteness from global economic centers may have contributed to this relatively...

Persistent link: https://www.econbiz.de/10010959471

When is Economic Growth Pro-Poor? Experiences in Malaysia and Pakistan

Khan, Mahmood Hasan - International Monetary Fund (IMF) - 2002

This paper focuses on two central issues related to the contrasting experiences of Malaysia and Pakistan regarding poverty reduction. First, it examines the structure of economic growth and its proximate determinants in the two countries, including the initial conditions, institutional changes,...

Persistent link: https://www.econbiz.de/10005248163

Trade Policy with Heterogeneous Traders; Do Quotas Get a Bum Rap?

Krishna, Kala; Tan, Ling Hui - International Monetary Fund (IMF) - 2007

This paper considers the effects of trade policy-tariffs and quotas-when importing is done by competitive traders who are identical ex ante but differ ex post. We show that the standard equivalence results no longer hold and the conventional ranking of tariffs and quotas is turned on its head:...

Persistent link: https://www.econbiz.de/10005248181

Trade and Domestic Financial Market Reform Under Political Uncertainty; Implications for Investment, Savings, and the Real Exchange Rate

Bhattacharya, Rina - International Monetary Fund (IMF) - 2000

This paper presents a model that incorporates uncertainty about trade reform and analyzes the effects of trade and financial liberalization on domestic investment and savings, the current account balance and the real exchange rate, both when the capital account is open and when it is closed....

Persistent link: https://www.econbiz.de/10005248185

Do Unit Value Export, Import, and Terms of Trade Indices Represent or Misrepresent Price Indices?

Silver, Mick - International Monetary Fund (IMF) - 2007

Unit value export and import indices compiled from returns to customs authorities are often used as surrogates for price indices in the measurement of inflation transmission, terms of trade (effects), and to deflate import and export value series to derive volume series. Their widespread use is...

Persistent link: https://www.econbiz.de/10005248193

Unionization and Strategic Trade Policy

Swagel, Phillip; Tan, Ling Hui - International Monetary Fund (IMF) - 2000

This paper examines the effect of unionization on welfare and trade policy in a model of duopolists competing in a third market. It shows that the traditional result that the presence of a union necessitates a stronger strategic trade policy to reach the optimal level of welfare depends on the...

Persistent link: https://www.econbiz.de/10005248209

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