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Judicial System Reform in Italy - A Key to Growth

Esposito, Gianluca; Lanau, Sergi; Pompe, Sebastiaan - International Monetary Fund (IMF) - 2014

The inefficiency of the Italian judicial system has contributed to reduced investments, slow growth and a difficult business environment. The enforcement of civil and commercial claims suffers from excessive delays in court proceedings, resulting in a very large number of pending cases. The...

Persistent link: https://www.econbiz.de/10010790243

Assessing the Cost of Financial Regulation

Elliott, Douglas; Santos, Andre - International Monetary Fund (IMF) - 2012

This study assesses the overall impact on credit of the financial regulatory reforms in Europe, Japan, and the United States. Long-term cost estimates are provided for Basel III capital and liquidity requirements, derivatives reforms, and higher taxes and fees. Overall, average lending rates in...

Persistent link: https://www.econbiz.de/10010790407

Fiscal Rules at a Glance; Country Details from a New Dataset

Budina, Nina; Kinda, Tidiane; Schaechter, Andrea; … - International Monetary Fund (IMF) - 2012

This paper provides country-specific information on fiscal rules in use in 81 countries from 1985 to end-September 2012. It serves as background material and update of the July 2012 Working Paper â€œFiscal Rules in Response to the Crisisâ€”Toward the â€˜Next Generationâ€™...

Persistent link: https://www.econbiz.de/10011242357

Macro Effects of Corporate Restructuring in Japan

Kim, Se-Jik - International Monetary Fund (IMF) - 2003

This paper presents a framework for quantitatively evaluating the macroeconomic effects of corporate restructuring and applies it to Japan. Using firm-level financial statement data, it estimates total factor productivity (TFP) of individual Japanese firms. Given the estimated distribution of...

Persistent link: https://www.econbiz.de/10005248188

Business Cycle Accounting for Chile

Söderling, Ludvig; Simonovska, Ina - International Monetary Fund (IMF) - 2008

neoclassical growth model with time-varying frictions (wedges). We analyze the relative importance of efficiency, labor, investment … the efficiency and labor wedges have had the greatest impact. We also compare our results with existing studies on …

Persistent link: https://www.econbiz.de/10005263664

Obtstacles to Faster Growth in Transition Economies; The Mongolian Case

Black, Stabley W. - International Monetary Fund (IMF) - 2001

The obstacles to economic growth in Mongolia are modeled with a supply-side growth model calibrated to represent inefficient use of resources and intermediation. Progressive removal of inefficiencies over time by means of privatization of banks and industrial enterprises potentially leads to...

Persistent link: https://www.econbiz.de/10005263703

Banks and Labor As Stakeholders; Impacton Economic Performance

Ueda, Kenichi; Claessens, Stijn - International Monetary Fund (IMF) - 2008

Traditionally, the impacts of the rights of financial institutions and workers on corporate performance have been analyzed independently. Yet, theory clearly indicates that the combination of relative powers of different stakeholders affects a firm overall performance. Using U.S. state level and...

Persistent link: https://www.econbiz.de/10005825652

Trade Patterns Among Industrial Countries; Their Relationship to Technology Differences and Capital Mobility

Saito, Mika - International Monetary Fund (IMF) - 2004

measures differences in labor productivity (the Ricardian measure), and the other differences in total factor productivity (the …

Persistent link: https://www.econbiz.de/10005825862

Regional Labor Market Disparities in Belgium

Estevão, Marcello M. - International Monetary Fund (IMF) - 2002

Regional labor market discrepancies have been widening in Belgium in the last two decades and are more evident within …-unemployment provinces. Using a structural VAR, it is also shown that labor market dynamics in Belgium produce a strong attenuating effect on … employment growth, in contrast to the United States where initial labor demand shocks are expanded in the long run. After the …

Persistent link: https://www.econbiz.de/10005826565

Do Technology Shocks Lead to Productivity Slowdowns? Evidence From Patent Data

Christiansen, Lone Engbo - International Monetary Fund (IMF) - 2008

This paper provides empirical evidence on the response of labor productivity to the arrival of new inventions. The … analysis shows that labor productivity may temporarily fall below trend after technological progress. However, the effects on …

Persistent link: https://www.econbiz.de/10005768749