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Grain Drain : The Hidden Cost of U.S. Rice Subsidies
Griswold, Daniel T. - 2007
no exception. The U.S. government supports domestic rice production through tariffs on imported rice and direct taxpayer … subsidies based on production, prices, and historical acreage. These subsidies result in enormous welfare losses for both U …
Persistent link: https://www.econbiz.de/10014052017
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The Perils of Tax Smoothing; Sustainable Fiscal Policy with Random Shocks to Permanent Output
Tanner, Evan; Carey, Kevin Joseph - International Monetary Fund (IMF) - 2005
If permanent output is uncertain, tax smoothing can be perilous: both debt levels and tax rates are difficult to stabilize and may drift upwards. One practical remedy would be to target the debt. However, our simulations confirm that such a policy would require undesirably volatile fiscal...
Persistent link: https://www.econbiz.de/10005264166
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Ghostbusting; Which Output Gap Measure Really Matters?
Billmeier, Andreas - International Monetary Fund (IMF) - 2004
This paper investigates various output gap measures in a simple inflation forecasting framework. Reflecting the cyclical position of an economy, an (unobservable) output gap has important implications for economic analysis. I construct and compare common output gap measures for five European...
Persistent link: https://www.econbiz.de/10005826587
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Who is Still Haunted by the Specter of Communism? Explaining Relative Output Contractions Under Transition
Elborgh-Woytek, Katrin; Berengaut, Julian - International Monetary Fund (IMF) - 2005
The paper analyzes the initial output decline in transition economies by estimating a crosssection model stressing two major factors-conflicts and the legacies of the Soviet period. We link the Soviet legacies in place at the outset of the transition to the subsequent path for the development of...
Persistent link: https://www.econbiz.de/10005769029
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What Causes Firms to Hide Output? the Determinants of Informality
Inchauste, Gabriela; Gradstein, Mark; Dabla-Norris, Era - International Monetary Fund (IMF) - 2005
In many developing countries, a significant part of economic activity takes place in the informal sector. Earlier work has examined the determinants of the size of the informal sector, focusing separately on factors such as tax and regulation burden, financial market development, and the quality...
Persistent link: https://www.econbiz.de/10005769293
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Gdp Growth, Potential Output, and Output Gaps in Mexico
Faal, Ebrima - International Monetary Fund (IMF) - 2005
This paper analyzes the sources of Mexico's economic growth since the 1960s and compares various decompositions of historical growth into its trend and cyclical components. The role of the implied output gaps in the inflationary process is then assessed. Looking ahead, the paper presents...
Persistent link: https://www.econbiz.de/10005604901
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Relating the Knowledge Production Function to total Factor Productivity; An Endogenous Growth Puzzle
Joutz, Frederick L.; Abdih, Yasser - International Monetary Fund (IMF) - 2005
The knowledge production function is central to R&D-based growth models. This paper empirically investigates the … knowledge production function and intertemporal spillover effects using cointegration techniques. Time-series evidence suggests … there are two long-run cointegrating relationships. The first captures a long-run knowledge production function; the second …
Persistent link: https://www.econbiz.de/10005605296
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Cross-hedging of correlated exchange rates
Broll, Udo; Wong, Kit Pong - 2011
foreign countries, we show that the firm's production decision is independent of the firm's risk attitude and of the …
Persistent link: https://www.econbiz.de/10010306864
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The most efficient Czech SME sectors: An application of robust data envelopment analysis
Průša, Jan - 2009
on high value added production. …
Persistent link: https://www.econbiz.de/10010322276
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Productivity of Czech small and medium entreprises: Lagging behind their potential
Průša, Jan - 2008
This paper analyzes microeconomic production functions of Czech small medium enterprises. We use the data from 2002 to … production process. Our results demonstrate that Czech SME depend in their functioning more on labour than on capital. The impact …
Persistent link: https://www.econbiz.de/10010322326