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Financial Deepening, Inequality, and Growth; A Model-Based Quantitative Evaluation

Townsend, Robert M.; Ueda, Kenichi - International Monetary Fund (IMF) - 2003

We propose a coherent unified approach to the study of the linkages among economic growth, financial structure, and inequality, bringing together disparate theoretical and empirical literature. That is, we show how to conduct model-based quantitative research on transitional paths. With...

Persistent link: https://www.econbiz.de/10005825597

Threshold Effects of Sovereign Debt; Evidence From the Caribbean

Drakes, Lisa; Thomas, Chrystol; Craigwell, Roland; … - International Monetary Fund (IMF) - 2012

This paper addresses the issue of threshold effects between public debt and economic growth in the Caribbean. The main finding is that there exists a threshold debt to gross domestic product (GDP) ratio of 55â€“56 percent. Moreover, the debt dynamics begin changing well before this...

Persistent link: https://www.econbiz.de/10011242217

The Quality of the Recent High-Growth Episode in Sub-Saharan Africa

Martinez, Marcelo; Mlachila, Montfort - International Monetary Fund (IMF) - 2013

The paper explores the quality of the recent high-growth episode in sub-Saharan Africa by examining the following two questions: (i) what has been the nature and pattern of SSA growth over the past 15 years and how does it compare with previous episodes? (ii) has this growth had an impact on...

Persistent link: https://www.econbiz.de/10011123863

Endogenous Time Preference and Endogenous Growth

Zee, Howell H. - International Monetary Fund (IMF) - 1994

The present paper develops a one-sector aggregate endogenous growth model with intertemporal preference dependence. The resultant model possesses the fundamental property of growth convergence, in the sense that countries with identical parameters regarding technology, preference, and government...

Persistent link: https://www.econbiz.de/10005826136

Republic of Korea; Selected Issues

International Monetary Fund (IMF); International … - 2010

This paper analyzes the implications of global rebalancing in the post-crisis period for Korea and how high leverage in the household and SMEs sectors could affect this process. The first section of the paper discusses implications of global rebalancing for Korea using simulations from the...

Persistent link: https://www.econbiz.de/10011243587

Portugal; Selected Issues

International Monetary Fund (IMF); International … - 2005

This Selected Issues paper on Portugal reviews the considerations regarding productivity slowdown. The favorable evolution of income growth from the 1970s to the mid-1990s in Portugal was associated with above-average productivity growth but also reflected a more moderate decline in the amount...

Persistent link: https://www.econbiz.de/10005825549

Italy; Selected Issues

International Monetary Fund (IMF); International … - 2011

increase growth and employment are studied. From a cross-country approach, this study finds a significant relationship between …

Persistent link: https://www.econbiz.de/10011244125

Eastern Caribbean Currency Union; Selected Issues

International Monetary Fund (IMF); International … - 2005

This Selected Issues paper analyzes macroeconomic fluctuations in the Eastern Caribbean Currency Union (ECCU). The paper describes data, along with the estimation technique used to ensure stationarity of the data. The empirical regularities of macroeconomic fluctuations in the ECCU are...

Persistent link: https://www.econbiz.de/10005825356

Labor Market Issues in the Caribbean: Scope to Mobilize Employment Growth

Kandil, Magda E.; Lindow, Genevieve; Mansilla, Mario; … - International Monetary Fund (IMF) - 2014

The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean … countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth … to major sources of labor market determinants, in the long and short run. The main determinants of employment include …

Persistent link: https://www.econbiz.de/10010800970

Slovak Republic; 2013 Article IV Consultation

International Monetary Fund (IMF); International … - 2013

This 2013 Article IV Consultation highlights that following a sharp downturn in 2009 in the context of the global economic and financial crisis, Slovakia emerged as one of the fastest-growing economies in the European Union, supported in particular by substantial foreign investment in the auto...

Persistent link: https://www.econbiz.de/10011242589