Similar Search Results

Social spending in Korea : can it foster sustainable and inclusive growth?

Elekdaǧ, Selim Ali - 2012

Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly aging population and ameliorating income inequality. This paper argues that a gradual increase in social spending could promote more sustainable and inclusive growth in Korea....

Persistent link: https://www.econbiz.de/10009659803

Public Investment as an Engine of Growth

Warner, Andrew M. - 2014

This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in accelerating economic growth in low-income countries. It looks at big long-lasting drives in public capital spending, as these were arguably clear and exogenous policy decisions. On...

Persistent link: https://www.econbiz.de/10012690573

Investment-Led Growth in China

Ahuja, Ashvin - 2012

Over the past decade, China's growth model has become more reliant on investment and its footprint in global imports … has widened substantially. Several economies within China's supply chain are increasingly exposed to its investment …-led growth and face growing risks from a deceleration in investment in China. This note quantifies potential global spillovers …

Persistent link: https://www.econbiz.de/10012677549

Employment Effects of Growth Rebalancing in China

Fund, International Monetary - 2009

This paper gauges the potential effects on employment of rebalancing China's exportoriented growth model toward … existing and new services as well as reorienting the production of tradable goods toward domestic markets. In China's case … paper shows that while rebalancing China's growth toward a domestic-demand-led economy would likely raise aggregate e …

Persistent link: https://www.econbiz.de/10012677831

China's Path to Sustainable and Balanced Growth

Muir, Dirk - 2024

workforce that are projected to lower potential growth substantially in the longer term. We project China's potential growth … structural reforms to lift productivity growth and rebalancing China's growth towards more consumption, that would help China …

Persistent link: https://www.econbiz.de/10015328288

A Real Model of Transitional Growth and Competitiveness in China

Lipschitz, Leslie - 2008

We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marginal product of labor elicits increases in employment and output rather than only...

Persistent link: https://www.econbiz.de/10012677576

Government Spending on Health Care and Education in Croatia

Gunnarsson, Victoria - 2008

This paper assesses the relative efficiency of government spending on health care and education in Croatia by using the so-called Data Envelopment Analysis. The analysis finds evidence of significant inefficiencies in Croatia's spending on health care and education, related to inadequate cost...

Persistent link: https://www.econbiz.de/10012677455

Rationalizing Pharmaceutical Spending

García-Goñi, Manuel - 2022

Pharmaceutical spending accounts for a large share of health spending worldwide. While pharmaceuticals are an indispensable component of effective modern health systems, and their benefits in terms of increasing life expectancy and improving quality of life are unquestionable, the large...

Persistent link: https://www.econbiz.de/10015060092

FX funding risks and exchange rate volatility : Korea’s case

Ree, Jack Joo K.; Yoon, Kyoungsoo; Park, Hail - 2012

This paper examines how exchange rate volatility and Korean banks' foreign exchange liquidity mismatches interacted with each other during the Global Financial Crisis, and whether the vulnerability stemming from this interaction has been reduced since then. Structural and cyclical changes after...

Persistent link: https://www.econbiz.de/10009679020

StressTesting Household Debt in Korea

Karasulu, Meral - 2008

Korean household debt has reached 148 percent of disposable income, high by emerging market standards. Most of this debt remains at variable rates, shifting the interest rate risk from better diversified financial institutions to households and increasing their sensitivity to macroeconomic...

Persistent link: https://www.econbiz.de/10012677686