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From "Hindu Growth" to Productivity Surge; The Mystery of the Indian Growth Transition
Rodrik, Dani; Subramanian, Arvind - International Monetary Fund (IMF) - 2004
This paper explores the causes of India's productivity surge around 1980, more than a decade before serious economic reforms were initiated. Trade liberalization, expansionary demand, a favorable external environment, and improved agricultural performance did not play a role. We find evidence...
Persistent link: https://www.econbiz.de/10005825610
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Why isn't South Africa Growing Faster? a Comparative Approach
Eyraud, Luc - International Monetary Fund (IMF) - 2009
The purpose of this paper is to examine factors that have constrained South Africa's growth since the end of apartheid by comparing its GDP components and its saving and investment performance with those of 10 faster-growing countries. The study finds that sluggish investment has undermined...
Persistent link: https://www.econbiz.de/10005826291
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Real and Financial Sector Linkages in China and India
Aziz, Jahangir - International Monetary Fund (IMF) - 2008
In the spirit of what is known as business cycle accounting, this paper finds that the investment wedge-the gap between household's rate of intertemporal substitution and the marginal product of capital-is large and quantitatively significant in explaining China's and India's growth. Specific...
Persistent link: https://www.econbiz.de/10005826386
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The Demographic Dividend; Evidence From the Indian States
Mody, Ashoka; Aiyar, Shekhar - International Monetary Fund (IMF) - 2011
Large cohorts of young adults are poised to add to the working-age population of developing economies. Despite much interest in the consequent growth dividend, the size and circumstances of the potential gains remain under-explored. This study makes progress by focusing on India, which will be...
Persistent link: https://www.econbiz.de/10008876597
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Public Debt and Growth
Woo, Jaejoon; Kumar, Manmohan S. - International Monetary Fund (IMF) - 2010
This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of … various estimation issues including reverse causality and endogeneity. In addition, threshold effects, nonlinearities, and …
Persistent link: https://www.econbiz.de/10008646412
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Globalization, the Business Cycle, and Macroeconomic Monitoring
Aruoba, S. Boragan; Terrones, Marco; Kose, M. Ayhan; … - International Monetary Fund (IMF) - 2011
We propose and implement a framework for characterizing and monitoring the global business cycle. Our framework utilizes high-frequency data, allows us to account for a potentially large amount of missing observations, and is designed to facilitate the updating of global activity estimates as...
Persistent link: https://www.econbiz.de/10008839326
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Sources of Corporate Profits in India:Business Dynamism or Advantages of Entrenchment?
Walton, Michael; Nath, Anusha; Mody, Ashoka - International Monetary Fund (IMF) - 2011
Some see India’s corporate sector as the fundamental driver of recent and future prosperity. Others see it as a source of excessive market power, personal enrichment, and influence over the State, with an ultimately distorting influence. To inform this debate, this paper analyses the...
Persistent link: https://www.econbiz.de/10008839354
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Asset Booms and Structural Fiscal Positions; The Case of Ireland
Kanda, Daniel - International Monetary Fund (IMF) - 2010
serious fiscal policy errors. This paper extends the estimation of structural revenues to take account of asset prices and … finances. It is shown that excluding these factors led to a substantial bias in the estimation of structural revenues, and the …
Persistent link: https://www.econbiz.de/10008519502
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Fiscal Vulnerability and Sustainability in Oil-Producing Sub-Saharan African Countries
Zhan, Zaijin; York, Robert C. - International Monetary Fund (IMF) - 2009
Over many years rises and fall of world oil prices have been repeatedly reflected in the boom-bust cycles in oil …-exporting countries the world over. The recent spectacular rise and equally spectacular fall in prices provides an opportunity to inquire … policy considerations for eight of the world's oil-producing countries in sub- Saharan Africa. Because we are interested in …
Persistent link: https://www.econbiz.de/10008528681
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Treating Intangible Inputs As Investment Goods; The Impacton Canadian GDP
Belhocine, Nazim - International Monetary Fund (IMF) - 2009
This paper constructs a data set to document firms' expenditures on an identifiable list of intangible items and examines the implications of treating intangible spending as an acquisition of final (investment) goods on GDP growth for Canada. It finds that investment in intangible capital by...
Persistent link: https://www.econbiz.de/10008540916