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Emerging Markets in Transition: Growth Prospects and Challenges
Cubeddu, Luis M.; Culiuc, Alexander; Fayad, Ghada; Gao, Yuan - International Monetary Fund (IMF) - 2014
After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the...
Persistent link: https://www.econbiz.de/10010878427
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Potential Growth in Emerging Asia
Anand, Rahul; Cheng, Kevin C.; Rehman, Sidra; Zhang, Longmei - International Monetary Fund (IMF) - 2014
potential growth, largely reflecting a decline of total factor productivity (TFP) growth; (ii) by contrast, trend growth for the …
Persistent link: https://www.econbiz.de/10011142066
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How can Korea Boost Potential Output to Ensure Continued Income Convergence?
Jain-Chandra, Sonali; Zhang, Longmei - International Monetary Fund (IMF) - 2014
Korea’s rapid growth has slowed in recent years, suggesting lower potential growth. This paper uses an array of techniques, including statistical filters, a multivariate model and the production function, to estimate Korea’s potential growth. The main finding is that trend growth...
Persistent link: https://www.econbiz.de/10011142072
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European Productivity, Innovation and Competitiveness: The Case of Italy
Tiffin, Andrew - International Monetary Fund (IMF) - 2014
sectors are weighed down by the structural barriers that have depressed productivity more broadly. Italy’s future …
Persistent link: https://www.econbiz.de/10011142167
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Increasing Productivity Growth in Middle Income Countries
Abdychev, Aidar; Jirasavetakul, La-Bhus Fah; Jonelis, … - International Monetary Fund (IMF) - 2015
contribution of total factor productivity (TFP) to growth is largely responsible for the slowdown in trend growth in many SMICs …, which highlights the need for policy actions to reinvigorate productivity growth. This paper explores the question of what … kind of structural policies could boost productivity growth in SMICs and the political economy factors that may be …
Persistent link: https://www.econbiz.de/10011123829
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The Quality of the Recent High-Growth Episode in Sub-Saharan Africa
Martinez, Marcelo; Mlachila, Montfort - International Monetary Fund (IMF) - 2013
The paper explores the quality of the recent high-growth episode in sub-Saharan Africa by examining the following two questions: (i) what has been the nature and pattern of SSA growth over the past 15 years and how does it compare with previous episodes? (ii) has this growth had an impact on...
Persistent link: https://www.econbiz.de/10011123863
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Emerging Market Business Cycles; The Role of Labor Market Frictions
Boz, Emine; Durdu, Ceyhun Bora; Li, Nan - International Monetary Fund (IMF) - 2012
Emerging economies are characterized by higher consumption and real wage variability relative to output and a strongly countercyclical current account. A real business cycle model of a small open economy that embeds a Mortensen-Pissarides type of search-matching frictions and countercyclical...
Persistent link: https://www.econbiz.de/10011242182
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The Level of Productivity in Traded and Non-Traded Sectors for a Large Panel of Countries
Mano, Rui; Castillo, Marola - International Monetary Fund (IMF) - 2015
This paper explains in detail the construction of series for productivity in the traded and nontraded sectors for a … panel of 56 countries spanning 1989–2012. The level of productivity in each sector is defined as real value added per … more disaggregated industry source data; and (ii) it allows for meaningful comparisons of the level of productivity across …
Persistent link: https://www.econbiz.de/10011242200
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Global Imbalances; The Role of Emerging Asia
Pisani, Massimiliano; Cova, Pietro; Rebucci, Alessandro - International Monetary Fund (IMF) - 2009
. Based on simulations in a general equilibrium model of the world economy, we find that a productivity slowdown in the non …
Persistent link: https://www.econbiz.de/10011242275
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Caribbean Growth in an International Perspective; The Role of Tourism and Size
Thacker, Nita; S. (Sebastian) Acevedo Mejia; Perrelli, … - International Monetary Fund (IMF) - 2012
is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant … contributor to higher growth (through both capital accumulation and productivity) and lower output volatility, and in many … are islands have limited growth. Policies aimed at improving productivity, further development of the tourism sector, and …
Persistent link: https://www.econbiz.de/10011242282