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This Selected Issues paper for Chile describes the postcrisis recovery experience. The recovery from the 2008–2009 global crisis has been markedly different both among advanced and emerging economies. The steady improvement in the labor wedge-distortions related to the consumption leisure...
Persistent link: https://www.econbiz.de/10011243850
. The first application shows that accounting the metabolism of a society in both economic and biophysical terms supports a … economic history of Ecuador and Spain. The second application uses MSIASM for scenarios analysis. The goal is to illustrate an …
Persistent link: https://www.econbiz.de/10010816540
growth in Spain during the period 1870-1930. The study allows us to revisit the existence of a trade-off between economic … upswing in regional income inequality in Spain during the country’s early stages of development. In doing this, we present …
Persistent link: https://www.econbiz.de/10011095373
Trend productivity growth is a crucial determinant of future living standards as well as fiscal balances. In this article, Benoit Robidoux and Bing-Sun Wong from Finance Canada examine the issue of whether trend productivity growth has increased in Canada and conclude that in fact it has. If...
Persistent link: https://www.econbiz.de/10005292740
equipment and structures to quantify the sources of changes in measured TFP in Spain. We find that measured TFP is low because … Investment- Specific Technical Change in Spain is very low. A calibrated version of this model is able to reproduce very well the … growth experience of Spain for the period 1970-2007. We use the model economy to quantify the cost of direct and indirect …
Persistent link: https://www.econbiz.de/10010942382
Between 1850 and 2000, Spain’s real income increased by about 40-fold, at an average rate of 2.5 percent. The sources … of this long-run growth are investigated using Jorgenson-type growth accounting analysis. We find that growth upsurges … European Union Spain has experienced a dramatic productivity slowdown. …
Persistent link: https://www.econbiz.de/10005124439
This Selected Issues paper analyzes sustaining potential growth in Aruba. As in the other Caribbean countries, there are growing concerns in Aruba about the slowdown in economic growth over the past two decades and the consequent tepid outlook for potential growth. Tackling such concerns...
Persistent link: https://www.econbiz.de/10011245149
economic growth are analyzed by the means of growth accounting methodology. In this paper we identify several important …
Persistent link: https://www.econbiz.de/10010945578
Using growth accounting framework and panel data analysis, while accounting for dynamics and endogeneity issues in … growth modelling, this paper analyses the sources of growth in selected COMESA member countries. The growth accounting …
Persistent link: https://www.econbiz.de/10011213181
Like most Sub-Saharan African countries, Kenya’s economic growth appears to have been primarily driven by factor accumulation. The Selected Issues paper and Statistical Appendix for Kenya examines economic developments and policies. During the last two decades, Kenya has been plagued by...
Persistent link: https://www.econbiz.de/10011244155