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Stepping Up Venture Capital to Finance Innovation in Europe
Arnold, Nathaniel - 2024
to boost innovation, giving public financial institutions like the European Investment Fund a more active and expanded …
Persistent link: https://www.econbiz.de/10015080250
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From Adoption to Innovation: State-Dependent Technology Policy in Developing Countries
Choi, Jaedo - 2024
Should policymakers in developing countries prioritize foreign technology adoption over domestic innovation? How might …-country growth model with innovation and adoption. As the gaps narrow, productivity gains and spillovers from adoption diminish and …. Korea’s shift from adoption to innovation subsidies substantially contributed to growth and welfare. We also explore the …
Persistent link: https://www.econbiz.de/10015080198
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Fiscal Consolidation: Taking Stock of Success Factors, Impact, and Design
Balasundharam, Vybhavi - 2023
Surges in public debt in many countries since the COVID-19 pandemic have rekindled interest in fiscal consolidations, which often entail difficult policy choices in the face of economic and political constraints. This paper presents findings from a survey of the literature on fiscal...
Persistent link: https://www.econbiz.de/10015059617
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Japan’s Quest for Growth; Exploring the Role of Capital and innovation
Syed, Murtaza H.; Lee, Jinsook - International Monetary Fund (IMF) - 2010
As labor input in Japan shrinks with population aging, capital accumulation and productivity gains will drive growth over the medium-term. At the same time, a changing global landscape calls for a shift in export-oriented investment toward new markets and a new generation of products, as well as...
Persistent link: https://www.econbiz.de/10008777031
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Emigration, Business Dynamics, and Firm Heterogeneity in North Macedonia
Li, Ninghui - 2023
High emigration rates are a challenge in the Western Balkans. High emigration rates might lead to inadequate skilled labor and affect firm creation, capital formation, and economic convergence. The 2021 North Macedonia census reveals that more than 12.4% of North Macedonians live abroad. To...
Persistent link: https://www.econbiz.de/10015058797
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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
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 explain why growth accelerations in developing countries tend to be associated with current account improvements. The uninsurable risk of losing invested capital forces entrepreneurs...
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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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
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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 …?there is still a social spending gap relative to Korea's OECD peers. Because of several fiscal challenges in t …
Persistent link: https://www.econbiz.de/10009659803