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How Does Political Instability Affect Economic Growth?
Aisen, Ari; Veiga, Francisco José - International Monetary Fund (IMF) - 2011
the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods … rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom …
Persistent link: https://www.econbiz.de/10008839352
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The Role of Structural Reforms in Raising Economic Growth in Central America
Swiston, Andrew; Barrot, Luis-Diego - International Monetary Fund (IMF) - 2011
-country panel regression of economic growth using System GMM captures the importance to growth of conditional convergence, factor …
Persistent link: https://www.econbiz.de/10009369454
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Why India Can Grow At 7 Percent a Year or More; Projections and Reflections
Rodrik, Dani; Subramanian, Arvind - International Monetary Fund (IMF) - 2004
Using a simple growth accounting framework, we project India's future potential output growth rate through 2025. We argue that there is perhaps more upside potential than downside risks to our central estimate of annual growth, which is close to 7 percent for aggregate output, or 5.5 percent for...
Persistent link: https://www.econbiz.de/10005826334
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Mauritius The Drivers of Growth—Can the Past be Extended?
Svirydzenka, Katsiaryna; Petri, Martin - International Monetary Fund (IMF) - 2014
productivity. With policies capable of generating 5 percent growth, Mauritius could reach high-income status in 2021, 4 years …
Persistent link: https://www.econbiz.de/10011142138
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Cointegrated TFP Processes and International Business Cycles
Tuesta, Vicente - 2009
A puzzle in international macroeconomics is that observed real exchange rates are highly volatile. Standard international real business cycle (IRBC) models cannot reproduce this fact. We show that TFP processes for the U.S. and the ""rest of the world,"" is characterized by a vector error...
Persistent link: https://www.econbiz.de/10012677880
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Fueling or Following Growth? Causal Effects of Capital Inflows on Recipient Economies
End, Nicolas - 2024
Identifying the causal impact of capital inflows on growth and development has been a perennial challenge. This paper proposes a new way to investigate the effect of capital flows on recipient emerging and developing economies, using shift-share instruments and correcting for indirect flows. It...
Persistent link: https://www.econbiz.de/10015058746
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The Impact of Public Capital, Human Capital, and Knowledgeon Aggregate Output
Joutz, Frederick L.; Abdih, Yasser - International Monetary Fund (IMF) - 2008
in human capital or skill. Using Johansen's (1988 and 1991) multivariate cointegration analysis, we find a positive and … output. We find that public capital accounts for about half of the post-1973 productivity slowdown, but only plays a minor … role in the partial recovery of labor productivity growth since the mid 1980s. The largest contribution to that (partial …
Persistent link: https://www.econbiz.de/10005263996
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Bivariate Assessments of Real Exchange Rates Using PPP Data
Zalduendo, Juan - 2008
This paper focuses on assessments of real exchange rates using PPP data and examines their limitations when these are based exclusively on bivariate estimations. It begins by presenting an analytical framework of the real exchange rate that shows that these estimations make many restrictive...
Persistent link: https://www.econbiz.de/10012677617
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What Explains Remittance Fees? Panel Evidence
Beck, Thorsten - 2022
This paper uses data across 365 corridors to document time and country variation in remittance fees and explore factors predicting variation in remittance fees. We document a general reduction in such fees over the past decade although the goal of fees below 3 percent has not been met yet in...
Persistent link: https://www.econbiz.de/10015060523
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Structural Transformation and the sophistication of Production
Spatafora, Nicola; Anand, Rahul; Mishra, Saurabh - International Monetary Fund (IMF) - 2012
A new dataset on export sophistication reveals that in many countries the importance of modern services, and the sophistication of manufactured and service exports, has increased over time. However, this trend was less pronounced in LICs. Sophisticated sectors are more likely to act as a...
Persistent link: https://www.econbiz.de/10009654173