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World Economic Outlook, October 2012 : Coping with High Debt and Sluggish Growth

International Monetary Fund / Research Dept - 2012

The October 2012 World Economic Outlook (WEO) assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the ""fiscal cliff"" facing U.S. policymakers. Reducing the risks to the medium-term outlook implies reducing public debt in the major advanced...

Persistent link: https://www.econbiz.de/10014395748

Fiscal Impulses and their Fiscal Impact

Chand, Sheetal K. - 1992

Fiscal impulse measures are used in the WEO and elsewhere to indicate the changing impact of the budget on the economy. Such measures are intended to provide more accurate indications of whether the budget is becoming more or less expansionary than would just observing moments in the actual...

Persistent link: https://www.econbiz.de/10014395766

Debt Growth and the Prospects for Debt Reduction : The Case of Sub-Saharan African Countries

International Monetary Fund - 1989

This paper analyzes the causes of growth of Africa’s debt burden, and discusses the factors that induced African …

Persistent link: https://www.econbiz.de/10014395774

Do Taxes Matter for Long-Run Growth? : Harberger's Superneutrality Conjecture

Asea, Patrick K. - 1995

investment and growth, in practice growth effects of taxation are negligible. This paper provides evidence in support of this … highlights implications of different taxes for growth and investment in these models. The empirical work is based on cross … significant investment effects from income and consumption taxes that are consistent with small growth effects. The results are …

Persistent link: https://www.econbiz.de/10014395798

Linkages Between Financial Variables, Financial Sector Reform and Economic Growth and Efficiency

Johnston, R. B. - 1995

This paper analyzes the different channels through which financial variables and financial sector reform can affect economic growth and efficiency, using panel data for 40 countries which reformed their financial systems. Financial sector reform is hypothesized to affect economic growth and...

Persistent link: https://www.econbiz.de/10014395836

Testing the Neoclassical Theory of Economic Growth : A Panel Data Approach

Knight, Malcolm D. - 1992

-specific and time-varying factors such as human capital, public investment, and outward-oriented trade policies. The empirical …

Persistent link: https://www.econbiz.de/10014395840

Social and Political Factors in a Model of Endogenous Economic Growth and Distribution : An Application to the Philippines

Villanueva, Delano - 1996

This paper proposes a model of endogenous economic growth and distribution explicitly incorporating social extraction and political competition, with an application to the Philippine historical experience. The major objective is to explain developments in the distribution of national income and...

Persistent link: https://www.econbiz.de/10014395871

Demographic Dynamics and the Empirics of Economic Growth

Sarel, Michael - 1994

This paper examines the effects of demographic dynamics on the measured rates of economic growth. First, it develops a model of production with labor productivity that varies with age. Second, it uses macroeconomic and demographic data to estimate the relative productivity of different age...

Persistent link: https://www.econbiz.de/10014395876

Human Capital Flight : Impact of Migrationon Income and Growth

International Monetary Fund - 1994

This paper analyses the impact of government tax and subsidy policy on immigration of human capital and the effect of such immigration on growth and incomes. In the context of a two-country endogenous growth model with heterogeneous agents and human capital accumulation, we argue that human...

Persistent link: https://www.econbiz.de/10014395877

The Output-Inflation Nexus in Ukraine : Is there a Trade-Off?

Ghosh, Atish R. - 1996

This paper examines whether expansionary credit policy can help sustain output growth in transition economies, with particular reference to Ukraine’s experience since 1992. We find that, while real credit growth is indeed associated with higher output growth, an increase in the growth rate of...

Persistent link: https://www.econbiz.de/10014395883