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Economic Implications of China's Demographics in the 21st Century
Cheng, Kevin C. - International Monetary Fund (IMF) - 2003
general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility … mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low … fertility today lowers the domestic return to capital and raises the domestic return to labor. In addition, the paper finds no …
Persistent link: https://www.econbiz.de/10005825867
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Gender and its Relevance to Macroeconomic Policy: A Survey
Stotsky, Janet Gale - International Monetary Fund (IMF) - 2006
This survey examines the implications of gender differences in economic behavior for macroeconomic policy. It finds that reducing gender inequality and improving the status of women may contribute to higher rates of economic growth and greater macroeconomic stability. Women's relative lack of...
Persistent link: https://www.econbiz.de/10005826540
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Monetary Policy Transmission in the GCC Countries
Prasad, Ananthakrishnan; Espinoza, Raphael A. - International Monetary Fund (IMF) - 2012
The GCC countries maintain a policy of open capital accounts and a pegged (or nearly-pegged) exchange rate, thereby reducing their freedom to run an independent monetary policy. This paper shows, however, that the pass-through of policy rates to retail rates is on the low side, reflecting the...
Persistent link: https://www.econbiz.de/10010878414
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Factor Endowment, Structural Coherence, and Economic Growth
Che, Natasha Xingyuan - International Monetary Fund (IMF) - 2012
This paper studies the linkage between structural coherence and economic growth. Structural coherence is defined as the degree that a country's industrial structure optimally reflects its factor endowment fundamentals. The paper found that at least for the overall capital, the shares of capital...
Persistent link: https://www.econbiz.de/10010878416
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Ethnic Diversity, Democracy, and Corruption
Yehoue, Etienne B. - International Monetary Fund (IMF) - 2007
I study the link between ethnic diversity, democracy, and corruption. In a static model, I show that contrary to conventional wisdom, corruption might emerge as a negative externality of democracy. This occurs through ethnicity, which appears as a rent-extracting technology in a democratic...
Persistent link: https://www.econbiz.de/10005248127
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Human Capital Convergence; International Evidence
Sab, Randa; Smith, Stephen C. - International Monetary Fund (IMF) - 2001
In the growth literature, evidence on income convergence is mixed. In the development literature, health and education indicators are also often used. This study examines whether health and education levels are converging across countries and calculates their convergence speed, using data from...
Persistent link: https://www.econbiz.de/10005248134
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Fiscal Impulses and their Fiscal Impact
Chand, Sheetal K. - International Monetary Fund (IMF) - 1992
Fiscal impulse measures are used in the WEO and elsewhere to indicate the changing impact of the budget on the economy. Such measures are intended to provide more accurate indications of whether the budget is becoming more or less expansionary than would just observing moments in the actual...
Persistent link: https://www.econbiz.de/10005248137
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PPP Strikes Back; Aggregation and the Real Exchange Rate
Mumtaz, Haroon; Imbs, Jean; Ravn, Morten O.; Rey, Helene - International Monetary Fund (IMF) - 2003
We show the importance of a dynamic aggregation bias in accounting for the PPP puzzle. We prove that established time-series and panel methods substantially exaggerate the persistence of real exchange rates because of heterogeneity in the dynamics of disaggregated relative prices. When...
Persistent link: https://www.econbiz.de/10005248142
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Financial Integration, Growth, and Volatility
Epaulard, Anne; Pommeret, Aude - International Monetary Fund (IMF) - 2005
The aim of this paper is to evaluate the welfare gains from financial integration for developing and emerging market economies. To do so, we build a stochastic endogenous growth model for a small open economy that can (i) borrow from the rest of the world, (ii) invest in foreign assets, and...
Persistent link: https://www.econbiz.de/10005248157
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Optimal Taxation in the Forestry Sector in the Congo Basin; The Case of Gabon
Melhado, Oscar E. - International Monetary Fund (IMF) - 2007
This paper reviews forestry reform in the Congo basin, focusing on Gabon. It argues that the key challenge for the Congo basin countries is to manage their forests in a sustainable manner. It presents the current situation of forestry taxation and forestry reform in Gabon. The paper analyzes...
Persistent link: https://www.econbiz.de/10005248169