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And Schumpeter Said, "This is How Thou Shalt Grow"; Further Quest for Economic Growth in Poor Countries
Beaugrand, Philippe - International Monetary Fund (IMF) - 2004
entrepreneurs innovate—in the Schumpeterian sense—in order to bring about structural changes in the economy. The conclusion … highlights several essential steps in creating a favorable environment for innovation and growth. …
Persistent link: https://www.econbiz.de/10005825901
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Growth and Capital Flows with Risky Entrepreneurship
Sandri, Damiano - International Monetary Fund (IMF) - 2010
This paper shows that the behavior of entrepreneurs facing incomplete financial markets and risky investment can … uninsurable risk of losing invested capital forces entrepreneurs to rely on self-financing, so that when business opportunities … open up entrepreneurs increase saving to finance the investment that produces growth. The key insight is that saving has to …
Persistent link: https://www.econbiz.de/10008519499
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Sudden Stops, Output Drops, and Credit Collapses
Dagher, Jihad - International Monetary Fund (IMF) - 2010
This paper proposes a tractable Sudden Stop model to explain the main patterns in firm level data in a sample of Southeast Asian firms during the Asian crisis. The model, which features trend shocks and financial frictions, is able to generate the main patterns observed in the sample during and...
Persistent link: https://www.econbiz.de/10008646413
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Intergenerational implications of fiscal consolidation in Japan
Tokuoka, Kiichi - 2012
In Japan, intergenerational inequality in lifetime resources is substantial, with a heavier fiscal burden on the young than the old. Moreover, given the need for fiscal consolidation, the inequality is even worse than existing policy would suggest. However, this does not mean that fiscal...
Persistent link: https://www.econbiz.de/10009621690
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Intergenerational Transmission of Education in a Developing Country: Evidence from A Mass Education Program in Vietnam
Hoang, Trung - 2022
We study the long-run and multi-generational effects of a mass education program in Vietnam during the First Indochina War (1946-1954). Difference-in-difference estimations indicate that the children of mothers exposed to the education program had an average of 0.9 more years of education. We...
Persistent link: https://www.econbiz.de/10015059921
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Is Education Neglected in Natural Resources-Rich Countries? An Intergenerational Approach in Africa
Atsebi, Jean-Marc - 2022
The literature on the effects of natural resources on education is mixed and inconclusive. In this paper, we adopt an innovative approach by exploring the effects of mineral discoveries and productions on intergenerational educational mobility (IM), linking parents to the children education...
Persistent link: https://www.econbiz.de/10015060222
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Show Me the Money; Access to Finance for Small Borrowers in Canada
Klyuev, Vladimir - International Monetary Fund (IMF) - 2008
This paper examines access to business finance by Canadian small and medium-sized enterprises (SMEs) and to housing finance by Canadian households (particularly non-prime borrowers) against the background of a fairly concentrated and protected banking industry. It finds access broadly adequate...
Persistent link: https://www.econbiz.de/10005769089
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Fiscal Policy Rules for Oil-Producing Countries; A Welfare-Based Assessment
Maliszewski, Wojciech - International Monetary Fund (IMF) - 2009
The paper presents numerical simulations of various fiscal rules for oil-producing countries. Welfare implications are sensitive to the choice of the social welfare function, initial conditions, and non-oil growth prospects. The distribution of non-oil wealth is important for countries with...
Persistent link: https://www.econbiz.de/10008528606
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Explaining Economic Growth with Imperfect Credit Markets
Carranza, Luis - International Monetary Fund (IMF) - 2000
the competition among entrepreneurs (“intensive growth”). As a result, the growth rate could be increasing in the middle …
Persistent link: https://www.econbiz.de/10005605049
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Tax composition and growth : a broad cross-country perspective
Acosta-Ormaechea, Santiago; Yoo, Jiae - 2012
We investigate the relation between changes in tax composition and long-run economic growth using a new dataset covering a broad cross-section of countries with different income levels. We specifically consider 69 countries with at least 20 years of observations on total tax revenue during the...
Persistent link: https://www.econbiz.de/10009659768