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We propose an integrated method based on a two-sector small open economy dynamic and stochastic general equilibrium model to estimate non-tariff barriers and quantify the impact of services liberalization. The major component of trade barriers is explicitly modeled through the introduction of...
Persistent link: https://www.econbiz.de/10011242426
longer be capital, or land, or physical labor, but it will be knowledge. The productivity of knowledge will be decisive in …
Persistent link: https://www.econbiz.de/10005169723
This paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of …
Persistent link: https://www.econbiz.de/10005825739
. Based on simulations in a general equilibrium model of the world economy, we find that a productivity slowdown in the non …
Persistent link: https://www.econbiz.de/10011242275
countries. Simulations on the impact of productivity shocks in Chinese textiles and machinery suggest that the required … adjustment in wages, prices, and factor re-allocation is widely heterogenous across euro area countries on accounts of their …
Persistent link: https://www.econbiz.de/10011242327
This paper explores the causes of India's productivity surge around 1980, more than a decade before serious economic … of existing businesses rather than new entrants or consumers. A relatively small shift elicited a large productivity …
Persistent link: https://www.econbiz.de/10005825610
the world economy. This paper examines the possible impact of fiscal adjustment and productivity-enhancing structural … imbalance with only limited spillovers to the rest of the world. Specifically, faster productivity growth would help lower Japan …'s debt and limit the tendency of fiscal consolidation to increase the external surplus. In fact, very rapid productivity …
Persistent link: https://www.econbiz.de/10005825976
This 2009 Article IV Consultation highlights that Malaysia has been hit hard by the global downturn. The economy is set to contract for the first time in 10 years. Global turbulence has spilled into the domestic financial markets. Executive Directors have commended the Malaysian authorities for...
Persistent link: https://www.econbiz.de/10011243500
This volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets,...
Persistent link: https://www.econbiz.de/10010790490
This study investigates the role of India's economy in explaining the observed growth in South Asia, taking into consideration other sources of growth endogenous to the countries in the region. Since a review of key variables indicates that India's bilateral trade and financial linkages with...
Persistent link: https://www.econbiz.de/10009654176