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Spillovers From Europe Into Morocco and Tunisia
Florea, Daniel; Toujas-Bernate, Joël; Bock, Reinout De - International Monetary Fund (IMF) - 2010
This paper examines the economic and financial linkages between Morocco and Tunisia and their European partners. Using structural vector autoregressions, we find that growth shocks in European partner countries generate significant responses on growth in Morocco and Tunisia. For Tunisia, exports...
Persistent link: https://www.econbiz.de/10008727792
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ASEAN; A Chronicle of Shifting Trade Exposure and Regional Integration
Kalra, Sanjay - International Monetary Fund (IMF) - 2010
The paper characterizes trade exposure and regional integration in six ASEAN economies during 1997-2008. For this, the paper uses the 2000 Asian Input Output Tables which are extrapolated using National Income Accounts and COMTRADE data. On the demand side, the paper shows that the level and...
Persistent link: https://www.econbiz.de/10008533222
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Why White, Not Keynes? Inventing the Post-War International Monetary System
Boughton, James M. - International Monetary Fund (IMF) - 2002
The international monetary system is largely the product of negotiations during World War II between U.S. and U.K. officials, led respectively by Harry Dexter White and John Maynard Keynes. The design of the system, especially the International Monetary Fund, reflects the U.S. plan much more...
Persistent link: https://www.econbiz.de/10005604817
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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
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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
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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
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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
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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
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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
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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