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Does Openness to International Financial Flows Raise Productivity Growth?
Prasad, Eswar; Terrones, Marco; Kose, M. Ayhan - International Monetary Fund (IMF) - 2008
This paper provides a comprehensive analysis of the relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a large sample of countries. We find that de jure capital...
Persistent link: https://www.econbiz.de/10005769199
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Kingdom of the Netherlands-Netherlands Antilles; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2003
This Selected Issues paper and Statistical Appendix for Netherlands Antilles examines the economic growth in Small Island Economies. The paper finds that the Small Island Economies as a group grew faster than the rest of the world during 1960–85. The paper analyzes whether Small Island...
Persistent link: https://www.econbiz.de/10005591571
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Cambodia; Selected Issues
International Monetary Fund (IMF); International … - 2004
This Selected Issues paper for Cambodia explores the implications for long-term sustainable growth from cross-country analysis of the sources of growth. Cambodia’s low labor productivity, inadequate and expensive infrastructure, and a cumbersome regulatory environment do not bode well for...
Persistent link: https://www.econbiz.de/10005768418
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New Zealand; Selected Issues
International Monetary Fund (IMF); International … - 2004
This Selected Issues paper conducts a comparative analysis of the main determinants of GDP per capita growth in New Zealand and in other OECD countries to assess the relative importance of macroeconomic factors, institutional settings, and geographical location in New Zealand’s growth...
Persistent link: https://www.econbiz.de/10005825513
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Mexico; Selected Issues
International Monetary Fund (IMF); International … - 2004
This Selected Issues paper analyzes the sources of Mexico’s economic growth since the 1960s, and compares various decompositions of historical growth into trend and cyclical components. The role of the implied output gaps in the inflation process is assessed. The paper presents...
Persistent link: https://www.econbiz.de/10005825457
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Solow Versus Harrod-Domar; Reexamining the Aid Costs of the First Millennium Development Goal
Dalgaard, Carl-Johan; Erickson, Lennart - International Monetary Fund (IMF) - 2006
The First Millennium Development Goal (MDG#1) is to cut the fraction of global population living on less than one dollar per day in half, by 2015. Foreign aid financed investments may contribute to the attainment of this goal. But how much can aid be reasonably expected to accomplish? A...
Persistent link: https://www.econbiz.de/10005825615
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Democratic Republic of the Congo; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2003
This Selected Issues paper and Statistical Appendix investigates the sources of growth in the Democratic Republic of the Congo (DRC) and evaluates the relative importance of productivity growth and factor accumulation. The analysis is extended to the key sectors of the economy: agriculture,...
Persistent link: https://www.econbiz.de/10005825237
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Revisiting the Link Between Finance and Macroeconomic Volatility
Dabla-Norris, Era; Srivisal, Narapong - International Monetary Fund (IMF) - 2013
, consumption, and investment growth, but only up to a certain point. At very high levels, such as those observed in many advanced … economies, financial depth amplifies consumption and investment volatility. We also find strong evidence that deeper financial … smoothing effect is particularly pronounced for consumption volatility in environments of high exposure - when trade and …
Persistent link: https://www.econbiz.de/10010790267
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Long-Run Productivity Shifts and Cyclical Fluctuations; Evidence for Italy
Sgherri, Silvia - International Monetary Fund (IMF) - 2005
Using unobserved stochastic components and Kalman filter techniques, the paper assesses the relative importance of transitory and permanent shifts in Italian real GDP within a production function framework. Evidence suggests that the increase in hours worked that has accompanied pension and...
Persistent link: https://www.econbiz.de/10005605077
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Technology Shocks and Aggregate Fluctuations; How Well Does the RBC Model Fit Postwar U.S. Data?
Galí, Jordi; Rabanal, Pau - International Monetary Fund (IMF) - 2004
Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the...
Persistent link: https://www.econbiz.de/10005605356