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Persistent link: https://www.econbiz.de/10000951152
This Selected Issues paper is a wide-ranging survey of the conditions for, and obstacles to, the growth in Mexico. It frames the issue of Mexico’s growth record, and presents the paper’s prior assumptions and approach. It highlights the main observations and conclusions emerging...
Persistent link: https://www.econbiz.de/10011245707
This Selected Issues Paper presents an analysis of Belarus-specific conditions and cross-country research, and proposes a roadmap for real-sector reforms. It highlights distortions resulting from the government’s interference in the economy, and presents an overview of economic benefits...
Persistent link: https://www.econbiz.de/10011245717
This paper extends Grossman and Helpman’s seminal work (1991), and presents an endogenous growth model where innovations created in a high-tech sector may be assimilated or adapted by a low-tech sector. Applying a simple Heckscher-Ohlin framework, the effects of technological diffusion are...
Persistent link: https://www.econbiz.de/10005599706
Canada has enjoyed high growth while adjusting smoothly to commodity price gains, currency appreciation, and, more recently, slowing U.S. demand. Monetary policy has appropriately shifted to guarding against increasing near-term downside risks. A sound fiscal framework policy has produced an...
Persistent link: https://www.econbiz.de/10011242834
output, saving and investment for the period of our study, 1960 to 2003. The analysis uses Lee and Strazicich (2004 … investment. These dates coincide with the effect of the Islamic revolution in 1979 and Iran-Iraq war, 1980 to 1988. The … around 0.35. The role of investment was found to be imprecise in the long run. The short run estimates show that saving has a …
Persistent link: https://www.econbiz.de/10009457480
This study investigates the relationship between saving, investment and economic growth for India over the period 1950 …. However, few studies show evidence for growth driven saving and some suggest no relationship. In theory, saving may stimulate … test show that higher saving and investment lead to higher economic growth, but the reciprocal causality is not observed …
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