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A Debt Overhang Model for Low-Income Countries; Implications for Debt Relief

Koeda, Junko - International Monetary Fund (IMF) - 2006

The paper presents a theoretical model to explain how debt overhang is generated in low-income countries and discusses its implications for debt relief. The paper indicates that the extent of debt overhang, and the effectiveness of debt relief, would depend on a recipient country's initial...

Persistent link: https://www.econbiz.de/10005248319

Business Cycle Accounting for Chile

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

We investigate sources of economic fluctuations in Chile during 1998-2007 within the framework of a standard neoclassical growth model with time-varying frictions (wedges). We analyze the relative importance of efficiency, labor, investment, and government/trade wedges for business cycles in...

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

Growth and Convergence in WAEMU Countries

Wane, Abdoul Aziz - International Monetary Fund (IMF) - 2004

This paper investigates convergence and dynamic effects of human and physical capital on growth, in WAEMU countries … suggest opportunities for policymakers to enhance growth and convergence. …

Persistent link: https://www.econbiz.de/10005263809

Growth, Productivity, and the Rate of Returnon Capital

Chadha, Bankim; Adams, Charles - International Monetary Fund (IMF) - 1992

This paper examines the ability of alternative classes of growth models to explain the historical experience of the U.S. economy. The potential returns to the U.S. from raising its investment rate in terms of both the level and growth rate of future output are then quantified. The long-run...

Persistent link: https://www.econbiz.de/10005263880

Productivity in the OECD Countries; A Critical Appraisal of the Evidence

Calderón, César - International Monetary Fund (IMF) - 2001

The failure of the neoclassical growth model to account for differences in output per worker across countries has suggested that these differences should be driven by cross-country differences in total factor productivity (TFP). This paper discusses various measures of productivity and its...

Persistent link: https://www.econbiz.de/10005264011

Dynamic Gains From Trade; Evidence From South Africa

Subramanian, Arvind; Jonsson, Gunnar - International Monetary Fund (IMF) - 2000

This paper examines the empirical relationship between trade and total factor productivity (TFP) in South Africa. It uses (i) a time series approach where trade is defined in terms of aggregate outcomes, i.e., as the share of imports plus exports in GDP, and (ii) a cross sectional approach,...

Persistent link: https://www.econbiz.de/10005264046

Capital Operating Time and total Factor Productivity Growth in France

Simone, Francisco Nadal-De; Everaert, Luc - International Monetary Fund (IMF) - 2003

Data on the weekly operating time of capital improve the measurement of effective capital input in production. The production function of the French business sector is found to be consistent with a Cobb-Douglas technology under constant returns to scale. Total factor productivity growth,...

Persistent link: https://www.econbiz.de/10005264177

Solow Versus Harrod-Domar; Reexamining the Aid Costs of the First Millennium Development Goal

Dalgaard, Carl-Johan; Erickson, Lennart - International Monetary Fund (IMF) - 2006

The First Millennium Development Goal (MDG#1) is to cut the fraction of global population living on less than one dollar per day in half, by 2015. Foreign aid financed investments may contribute to the attainment of this goal. But how much can aid be reasonably expected to accomplish? A...

Persistent link: https://www.econbiz.de/10005825615

Convergence of Per Capita Output Levels Across Regions of Bangladesh, 1982-97

Hossain, Md. Akhtar - International Monetary Fund (IMF) - 2000

This paper has examined the phenomenon of convergence of per capita output levels across regions of Bangladesh during … 1982–97. The main finding is that most of the regions of Bangladesh experienced strong convergence of per capita output … levels during 1982–91. There are two other findings within the domain of convergence. First, a few poorer regions of the …

Persistent link: https://www.econbiz.de/10005825646

Adjustment and Growth in Sub-Saharan Africa

Ghura, Dhaneshwar; Basu, Anupam; Calamitsis, Evangelos A. - International Monetary Fund (IMF) - 1999

This paper analyzes the factors affecting economic growth in sub-Saharan Africa, using data for 1981–97. The results indicate that per capita real GDP growth is positively influenced by economic policies that raise the ratio of private investment to GDP, promote human capital development,...

Persistent link: https://www.econbiz.de/10005826029