Narrow search
Showing 1 - 10 of 1,406
Cover Image
Recursive Utility, Endogenous Growth, and the Welfare Cost of Volatility
Pommeret, Aude - 2001
This paper proposes a measure of the welfare cost of volatitliy derived from an endogenous growth model (AK) under uncertainty extended to the case of a recursive utility function which disentangles risk aversion from intertemporal elasticity of substitution. It encompasses a direct welfare cost...
Persistent link: https://www.econbiz.de/10014400117
Cover Image
The macroeconomic effects of labor and product market reforms in Morocco
Sarr, Babacar; Benlamine, Mokhtar; Munkacsi, Zsuzsa - 2019
This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp) of GDP growth and reduce unemployment by about 2.2 pp after five years. If...
Persistent link: https://www.econbiz.de/10012122485
Cover Image
Market Liberalization Policies in a Reforming Socialist Economy
Dinopoulos, Elias - 1991
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395972
Cover Image
Labor and Product Market Deregulation : Partial, Sequential, or Simultaneous Reform?
Berger, Helge - 2005
This study explores the effects of labor and product market deregulation on employment growth. Our empirical results … framework for evaluating deregulation strategies in the presence of reform costs. Optimal deregulation takes various forms … depending on the deregulation costs, the strength of reform interactions, and the perspective of the policymaker. Unless …
Persistent link: https://www.econbiz.de/10014401625
Cover Image
Liberalization and the Behavior of Output During the Transition From Plan to Market
Hernández-Catá, Ernesto - 1997
This paper deals with liberalization and the evolution of output during the transition from plan to market. It explains why strong liberalization leads to a comparatively steep fall in output early in the transition, but a relatively strong recovery later on. Because it takes time to restructure...
Persistent link: https://www.econbiz.de/10014403341
Cover Image
Rationing Rules and Outcomes : The Experience of Singapore's Vehicle Quota System
Tan, Ling Hui - 2001
Since 1990, Singapore has sought to control motor vehicle ownership by means of an auction quota system, whereby prospective vehicle buyers need to obtain a quota license before they can make their purchase. This paper assesses the success of the vehicle quota system in meeting its objectives of...
Persistent link: https://www.econbiz.de/10014400948
Cover Image
Education attainment in public administration around the world : evidence from a new dataset
Arezki, Rabah; Lui, Herbert; Quintyn, Marc; Toscani, … - 2012
The paper provides a detailed description of a novel dataset on education attainment in public administrations covering the period 1981-2011 for 178 countries. The dataset uses information extracted from CVs for over 130,000 mid to senior level officials from mainly central banks and ministries...
Persistent link: https://www.econbiz.de/10009622440
Cover Image
Does public sector inefficiency constrain firm productivity : evidence from Italian provinces
Giordano, Raffaela; Lanau, Sergi; Tommasino, Pietro; … - 2015
This paper studies the effect of public sector efficiency on firm productivity using data from more than 400,000 firms across Italy's provinces. Exploiting the large heterogeneity in the efficiency of the public sector across Italian provinces and the intrinsic variation in the dependence of...
Persistent link: https://www.econbiz.de/10011447149
Cover Image
Resource windfalls, optimal public investment and redistribution : the role of total factor productivity and administrative capacity
Arezki, Rabah; Dupuy, Arnaud; Gelb, Alan - 2012
This paper studies the optimal public investment decisions in countries experiencing a resource windfall. To do so, we use an augmented version of the Permanent Income framework with public investment faced with adjustment costs capturing the associated administrative capacity as well as...
Persistent link: https://www.econbiz.de/10012694091
Cover Image
Lessons from two public sector reforms in Italy
Belhocine, Nazim; Jirasavetakul, La-Bhus Fah - 2020
The reform of the Italian public administration has been a priority for at least two decades, with several major initiatives undertaken toward modernization and simplification. Notwithstanding laudable intentions, however, progress remains limited. This analysis is a case study of two reforms...
Persistent link: https://www.econbiz.de/10012177638