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accounts' base year. It also makes a preliminary assessment of the possible estimation biases in nominal GDP estimates stemming …
Persistent link: https://www.econbiz.de/10005768868
We provide a comprehensive empirical characterization of the linkages between key macroeconomic and financial variables around business and financial cycles for 21 OECD countries over the period 1960–2007. In particular, we analyze the implications of 122 recessions, 112 (28) credit...
Persistent link: https://www.econbiz.de/10005769300
In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international real business cycle model and show that a thoughtful calibration of them along the lines of Raffo (2009) successfully addresses the "quantity", "international comovement",...
Persistent link: https://www.econbiz.de/10008671290
, deteriorated. That deterioration seems related to the geographical destination and product composition of trend exports. Faced with …
Persistent link: https://www.econbiz.de/10005769088
. The study finds a long-run equilibrium relationship among GDP, services exports, imports and real effective exchange rate …. The VECM and impulse response analysis suggest causality runs from services exports to GDP emphasising the services export …Services sector in India contributes more than 60% of the overall gross domestic product (GDP) and more than 40% of …
Persistent link: https://www.econbiz.de/10010669664
The paper investigates the casual relationship between government expenditure, GDP and exports for Bangladesh, Bhutan … causality, the results suggest that there exists bidirectional causality between exports and economic growth in India. For … Bangladesh, Maldives, Nepal and Pakistan there is unidirectional causality from exports to economic growth. The unidirectional …
Persistent link: https://www.econbiz.de/10010670243
-by-importing externalities have the potential for generating economic growth in Africa. Eventually, exports of primary commodities are likely to … result in static effects, since they might raise GDP once for all (a level effect) without increasing the rate of growth of … GDP in the long run (a growth effect). …
Persistent link: https://www.econbiz.de/10008755189
This study identifies the main shocks that cause fluctuations in French output and their channels of transmission. It uses a large-dimensional structural approximate dynamic factor model. There are three main findings. First, common shocks, especially demand shocks, which seem to originate from...
Persistent link: https://www.econbiz.de/10005768891
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011244613
This paper focuses on two central issues related to the contrasting experiences of Malaysia and Pakistan regarding poverty reduction. First, it examines the structure of economic growth and its proximate determinants in the two countries, including the initial conditions, institutional changes,...
Persistent link: https://www.econbiz.de/10005248163