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Patterns of total factor productivity growth in Mexico: 1991-2011

Colunga Ramos, Luis Fernando; Torre Cepeda, Leonardo E. - 2015

We review some patterns of Total Factor Productivity (TFP) growth in the Mexican economy during the period 1991 …-2011 using the KLEMS data set published by INEGI in 2013. The data shows a strong positive correlation between TFP and output … set is that TFP growth in Mexico tends to be fairly concentrated and highly irregular, as just a reduced share of the …

Persistent link: https://www.econbiz.de/10011445097

Misallocation of resources, firm characteristics, and structural factors: Evidence from Mexico

Orozco Vázquez, Miguel - 2023

This paper aims to measure the gross output loss due to misallocation of resources in Mexico during 2008-2018 and to study what determines this resource misallocation. To do so, I use an extension of Hsieh and Klenow (2009) and Mexican Economic Censuses. Alternatively, I estimate resource...

Persistent link: https://www.econbiz.de/10014541023

Technological progress, the "User Cost of Money," and the real output of banks

Basu, Susanto; Wang, J. Christina - 2013

Financial institutions provide their customers a variety of unpriced services and cover their costs through interest margins - the interest rates they receive on assets are generally higher than the rates they pay on liabilities. In particular, banks pay below-public-market interest rates on...

Persistent link: https://www.econbiz.de/10010478897

Productivity, welfare, and reallocation: Theory and firm-level evidence

Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio; … - 2009

while taking prices parametrically. This result justifies total factor productivity (TFP) as the right summary measure of … contributions of disaggregated units (industries or firms) to aggregate welfare using readily available TFP data. Based on this …

Persistent link: https://www.econbiz.de/10010280884

An Estimated DSGE Model of the Indian Economy.

Gabriel, Vasco; Levine, Paul; Pearlman, Joseph; Yang, Bo - 2011

We develop a closed-economy DSGE model of the Indian economy and estimate it by Bayesian Maximum Likelihood methods using Dynare. We build up in stages to a model with a number of features important for emerging economies in general and the Indian economy in particular: a large proportion of...

Persistent link: https://www.econbiz.de/10009391678

A Floating versus managed exchange rate regime in a DSGE model of India.

Batini, Nicoletta; Gabriel, Vasco; Levine, Paul - 2010

We first develop a two-bloc model of an emerging open economy interacting with the rest of the world calibrated using Indian and US data. The model features a financial accelerator and is suitable for examining the effects of financial stress on the real economy. Three variants of the model are...

Persistent link: https://www.econbiz.de/10008461987

International risk-taking, volatility, and consumption growth

Giduskova, Maria; Larrain, Borja - 2006

We show that countries that take on more international risk are rewarded with higher expected consumption growth. International risk is defined as the beta of a country's consumption growth with world consumption growth. High-beta countries hold more foreign assets, as predicted by the theory....

Persistent link: https://www.econbiz.de/10010280863

Reliving the '50s: The Big Push, Poverty Traps, and Takeoffs in Economic Development

Easterly, William - 2005

The classic narrative of economic development -- poor countries are caught in poverty traps, out of which they need a Big Push involving increased aid and investment, leading to a takeoff in per capita income -- has been very influential in development economics since the 1950s. This was the...

Persistent link: https://www.econbiz.de/10005162623

Agriculture and Pro-Poor Growth: An Asian Perspective

Timmer, Peter - 2005

No country has been able to sustain a rapid transition out of poverty without raising productivity in its agricultural sector. Despite this historical role of agriculture in economic development, both the academic and donor communities lost interest in the sector, starting in the mid-1980s. This...

Persistent link: https://www.econbiz.de/10005162685

Blunt Instruments: On Establishing the Causes of Economic Growth

Clemens, Michael; Bazzi, Samuel - 2009

Concern has intensified in recent years that many instrumental variables used in widely-cited growth regressions may be invalid, weak, or both. Attempts to remedy this general problem remain inadequate. We demonstrate that a range of published growth regressions may contain spurious results...

Persistent link: https://www.econbiz.de/10004991792