The methodology used in this paper has three distinguishing features: the natural rate of unemployment and potential output are jointly estimated; estimation integrates wage and price data with quot;realquot; and structural data; and third, the methodology encompasses many of the methods found in...

This paper presents empirical estimates of the policy and structural determinants of the natural rate of unemployment in Canada. The paper begins with a discussion of structural features of the economy which impinge on the adjustment of real wages to their equilibrium level. Estimates are...

We examine the extent to which developing countries that do little, if any, research and development themselves benefit from Ramp;D that is performed in the industrial countries. By trading with an industrial country that has a large quot;stock of knowledgequot; from its cumulative Ramp;D...

A model is presented based on recent theories of economic growth that treat commercially oriented innovation efforts as a major engine of technological progress. We study the extent to which a country`s total factor productivity depends on domestic and foreign Ramp;D capital stocks, both proxied...

An aggregate production function is estimated with recent cointegrating techniques that are particularly appropriate for estimating long-run relationships. The empirical results suggest that the growth of output in France has been spurred by increased trade integration within the European...

This paper argues that an important group of labor market policies are complementary in the sense that the effect of each policy is greater when implemented in conjunction with the other policies than in isolation. This may explain why the diverse, piecemeal labor market reforms in many European...

There is considerable evidence from industrial countries that the output gap is an important determinant of inflation. We examine whether the gap model also works in developing, newly industrializing, and industrial Asian economies. Our output gaps are based on a new nonparametric estimation...

We examine the growth promoting roles of Ramp;D, international Ramp;D spillovers, and trade in a world econometric model. A country can raise its total factor productivity by investing in Ramp;D. But countries can also boost their productivity by trading with other countries that have large...

This paper examines how endogenizing technological progress in a multicountry macroeconometric model affects the analysis of fiscal policies. It uses an expanded version of the IMF`s multicountry model, MULTIMOD, in which total factor productivity (TFP) is endogenized as a function of domestic...