Showing 1 - 10 of 509
In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international … the relative price of investment to build and estimate these IST processes across the U.S and a ""rest of the world …
Persistent link: https://www.econbiz.de/10014397271
reserves by comparing the cost of holding reserves with their benefits as an insurance against a shock. We find that the …
Persistent link: https://www.econbiz.de/10014401389
Using Chilean data, we document that for resource-rich small open economies the effects of terms of trade shocks on the wage gap (between skilled and unskilled workers) depend on factor intensities in the non-tradable sector, following the model in Galiani, Heymann, and Magud (2010). For a...
Persistent link: https://www.econbiz.de/10014403224
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital acquisition. We use the standard system GMM approach as well as...
Persistent link: https://www.econbiz.de/10014396933
exchange rate, the exchange regime, and liberalization. We find that in our sample, for the determinants of growth, investment …
Persistent link: https://www.econbiz.de/10010790391
Over the past decade, Ireland has experienced a sustained expansion in output and employment that has raised its per capita income above the ED average. The decline in interest rates, and increasing financial sector competition, rapidly rising disposable income, and high rates of household...
Persistent link: https://www.econbiz.de/10005591395
.4 percent in 2002, from 12 percent in 2001, driven by strong consumption growth. Mainland investment and traditional exports …
Persistent link: https://www.econbiz.de/10005591620
The United Kingdom’s 2005 Article IV Consultation reports that macroeconomic performance has been strong and steady, owing in part to confidence-enhancing policy frameworks and generally sound implementation. The financial system is generally healthy, although a substantial increase in...
Persistent link: https://www.econbiz.de/10005591828
This 2004 Article IV Consultation highlights that Japan’s economic recovery continued in 2003 and into the first part of 2004. For 2003, GDP growth reached 2½ percent, double the mid-year consensus forecast, and continued at about 6 percent on an annualized basis in the first quarter...
Persistent link: https://www.econbiz.de/10005768491
reserves by comparing the cost of holding reserves with their benefits as an insurance against a shock. We find that the …
Persistent link: https://www.econbiz.de/10005605149