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"This paper surveys the recent literature which examines the impact of business climate variables on productivity and … 100 countries around the world. The literature that has analyzed this data provides evidence that a good business climate … drives growth by encouraging investment and higher productivity. Various infrastructure, finance, security, competition and …
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worldwide with a focus on developing countries. The results are based on a novel data set collected by the World Bank Group and …
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Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...
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Unprecedented monetary policy accommodation in advanced economies and a large, coordinated fiscal stimulus by G20 countries helped to support a solid rebound in global output right after the 2009 Global Recession. However, global growth subsequently slowed to a sluggish pace by pre-recession...
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Over the past decades, East Asia and Pacific's productivity has been gradually catching up with the frontier (the … United States), with China leading the pack. Productivity growth has been driven by sustained within-sector productivity … growth. Reallocation of labor to sectors with higher productivity, such as industry and services, also contributed to …
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