Showing 1 - 10 of 107
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/10014395976
This paper examines the role of sectoral spillovers in propagating sectoral shocks in the broader economy, both in the past and during the COVID-19 pandemic. In particular, we study how shocks that occur within a sector itself and spillovers from shocks to other sectors affect sectoral activity,...
Persistent link: https://www.econbiz.de/10012605501
The EU Services Directive was adopted in 2006 to foster competition in services across Europe. However, progress in liberalizing services has fallen short of expectations due to the article 15 of the Directive, which allows countries to maintain pre-existing restrictions if judged necessary to...
Persistent link: https://www.econbiz.de/10012667444
components. Second, the initial shock is magnified due to domestic and international input-output linkages …
Persistent link: https://www.econbiz.de/10012299359
This paper investigates the effect of timeliness in accessing the intermediate inputs on the trade pattern. In particular, any country that has a higher ability to transport goods on time has a comparative advantage in industries that place a higher value on the timely delivery of their inputs,...
Persistent link: https://www.econbiz.de/10011716655
This paper assesses the costs of internal trade barriers and proposes policies to improve internal trade. Estimates suggest that complete liberalization of internal trade in goods can increase GDP per capita by about 4 percent and reallocate employment towards provinces that experience large...
Persistent link: https://www.econbiz.de/10012102149
industries and to foreign countries has risen via vertical relationships and trade linkages. This paper investigates the … trade linkages and using the industry-level international input-output data. The results suggest that, first, the role of … vertical and trade linkages in propagating growth shocks from both domestic sources and external sources is important. Second …
Persistent link: https://www.econbiz.de/10012022013
statistics. Specifically, we compute measures of domestic value-added, foreign value added, and forward and backward linkages, as …
Persistent link: https://www.econbiz.de/10011705346
This paper uses a global input-output framework to quantify US and EU demand spillovers and the elasticity of world trade to GDP during the global recession of 2008-2009. We find that 20-30 percent of the decline in the US and EU demand was borne by foreign countries, with NAFTA, Emerging...
Persistent link: https://www.econbiz.de/10014402796
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/10014402867