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Social Spending, Human Capital, and Growth in Developing Countries; Implications for Achieving the Mdgs
Baldacci, Emanuele; Cui, Qiang; Clements, Benedict J.; … - International Monetary Fund (IMF) - 2004
Using panel data from 120 developing countries from 1975 to 2000, this paper explores the direct and indirect channels linking social spending, human capital, and growth in a system of equations. The paper finds that both education and health spending have a positive and significant direct...
Persistent link: https://www.econbiz.de/10005263905
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Macroeconomic Effects and Policy Challenges of Population Aging
Faruqee, Hamid; Tamirisa, Natalia T. - International Monetary Fund (IMF) - 2006
This paper simulates the macroeconomic effects of population aging in a dynamic overlapping generations model of a small open economy. The model is calibrated to data for the Czech Republic, where population aging is proceeding at a pace comparable to that in other advanced countries in Europe....
Persistent link: https://www.econbiz.de/10005264152
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Population Aging in Japan; Demographic Shock and Fiscal Sustainability
Mühleisen, Martin; Faruqee, Hamid - International Monetary Fund (IMF) - 2001
The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis of empirical age-earnings profiles using a life-cycle approach. The paper's objectives are...
Persistent link: https://www.econbiz.de/10005769220
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Population Aging and Global Capital Flows in a Parallel Universe
Brooks, Robin - International Monetary Fund (IMF) - 2000
This paper explores the global impact of population aging, using a calibrated overlapping generations model of eight world regions to simulate the effects of historical and projected demographic trends on international capital flows. The simulations show that there will be a turning point in...
Persistent link: https://www.econbiz.de/10005605062
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The Macroeconomic Effects of Migration From the New European Union Member States to the United Kingdom
Iakova, Dora M. - International Monetary Fund (IMF) - 2007
The United Kingdom allowed workers from the ten new European Union member countries immediate access to its labor market after the accession in 2004. This paper uses a general equilibrium framework to explore the dynamic adjustment of the UK economy to the postaccession surge in immigration....
Persistent link: https://www.econbiz.de/10005605180
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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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Economic Transformation, Population Growth, and the Long-Run World Income Distribution.
Chamon, Marcos - 2006
Persistent link: https://www.econbiz.de/10012691055
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Regional Convergence in Latin America.
Serra, Maria Isabel - 2006
Intro -- Contents -- I. INTRODUCTION -- II. METHODOLOGY -- III. SUMMARY RESULTS FOR LATIN AMERICA -- IV. COUNTRY-BY-COUNTRY RESULTS -- V. CONCLUSIONS -- APPENDIX: DATA SOURCES AND DEFINITIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691198
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Africa Rising: Harnessing the Demographic Dividend
Drummond, Paulo; Thakoor, Vimal; Yu, Shu - International Monetary Fund (IMF) - 2014
Africa will account for 80 percent of the projected 4 billion increase in the global population by 2100. The accompanying increase in its working age population creates a window of opportunity, which if properly harnessed, can translate into higher growth and yield a demographic dividend. We...
Persistent link: https://www.econbiz.de/10010959480