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This paper develops a model of the process of reallocation of labor from the state sector to the private sector. When growth is exogenously determined, we show that in the initial stages of transition unemployment will rise over time. After a critical stage in the transition process,...
Persistent link: https://www.econbiz.de/10014398370
The financial crisis, originated from the collapse of US housing markets in 2008, reverberates around the world. Its destructive force was felt nowhere more keenly than Western Europe. Indeed, it continues to mire in financial volatility as the debt problem contagiously spreads around the...
Persistent link: https://www.econbiz.de/10014398383
This Selected Issues paper analyzes the factors behind the relatively strong performance of the Philippines in recent years (1990s) as well as the remaining reform agenda. The paper highlights that the Philippines has received considerable attention in recent years as it “emerged” in the...
Persistent link: https://www.econbiz.de/10014398419
investment in physical and human capital, and on factor productivity. The available empirical evidence confirms the effects of …
Persistent link: https://www.econbiz.de/10014398430
deteriorated on a number of fronts—inflation has risen; investment and growth have slowed; and the external current account deficit … is large while foreign investment flows have fallen significantly. The influence of various factors on Sri Lanka’s longer …-term growth performance is discussed. The implications of structural reforms for investment and growth are also examined …
Persistent link: https://www.econbiz.de/10014398446
This paper examines the determinants of growth for nine South Pacific countries during the period 1971-93, using the analytical framework of the Solow-Swan neoclassical growth model. Chamberlain’s II-matrix estimator is used to account for unobserved country-specific heterogeneity in the...
Persistent link: https://www.econbiz.de/10014398465
. Advancing structural reforms to increase productivity and promote investment will help in increasing the growth potential …
Persistent link: https://www.econbiz.de/10014398505
by an expansion in exports and investment. At the same time, the fiscal position strengthened, inflation was successfully …
Persistent link: https://www.econbiz.de/10014398536
closely associated with growth accelerations and decelerations in SSA are changes in terms of trade, private investment, civil …
Persistent link: https://www.econbiz.de/10014398573
investment. As a result, while it is difficult to estimate accurately the growth impact of BRIC FDI, there is case study evidence … that it is increasingly significant. Second, while initial investment, mostly by state-owned companies, has often been … destined for natural resource industries, over time, investment has been spreading to agriculture, manufacturing, and service …
Persistent link: https://www.econbiz.de/10014398601