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Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality …
Persistent link: https://www.econbiz.de/10011242306
, highlighting the dichotomy between productivity-driven long-run growth and short-run deviations from the underlying growth …
Persistent link: https://www.econbiz.de/10011242314
million individuals out of poverty—has become too reliant on credit and investment, and has begun to experience diminishing … the level of high income economies. Evidence from China’s provinces indicates that there is room to improve productivity …
Persistent link: https://www.econbiz.de/10011242319
countries. Simulations on the impact of productivity shocks in Chinese textiles and machinery suggest that the required …
Persistent link: https://www.econbiz.de/10011242327
"excessive" domestic investment is explained by standard determinants of location choices. The interdependence between affiliates … to invest abroad is positively related to their productivity and the size of their intangible assets. …
Persistent link: https://www.econbiz.de/10011242345
the next five years. The reasons behind this slowdown differ across the region. Lower productivity growth drives the … productivity growth is key to unlocking the region’s higher growth potential. For oil importers, raising physical capital … accumulation through greater investment will also play an important role. …
Persistent link: https://www.econbiz.de/10011242348
productivity by attracting foreign investment is essential for higher sustainable growth. …
Persistent link: https://www.econbiz.de/10011242478
The cornerstone of Chile’s impressive fiscal performance and strong fiscal system has been its structural balance rule. It has helped to insulate public spending from copper price cycles and improve the government’s net financial position. Chile should adopt a full-fledged...
Persistent link: https://www.econbiz.de/10011242565
Lesotho’s fiscal and external balances have deteriorated as a result of the global economic downturn and a surge in spending. Undertaking key fiscal adjustments to restore macroeconomic stability is necessary for raising Lesotho’s growth potential. Executive Directors commend the...
Persistent link: https://www.econbiz.de/10011242652
This paper examines the development of the business model thus far and considers options for the future. The development of San Marino’s financial system over the past two decades is outlined. San Marino’s financial sector focuses on services to its residents and the residents of...
Persistent link: https://www.econbiz.de/10011242714