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Growth and Structural Reforms
Christiansen, Lone - 2009
This paper presents a simultaneous assessment of the relationship between economic performance and three groups of economic reforms: domestic finance, trade, and the capital account. Among these, domestic financial reforms, and trade reforms, are robustly associated with economic growth, but...
Persistent link: https://www.econbiz.de/10012677526
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Enhancing China’s Medium-Term Growth Prospects; The Path to a High-Income Economy
Nabar, Malhar; Papa M'B. P. N'Diaye - International Monetary Fund (IMF) - 2013
probability of stalled convergence increases. On the other hand, with reforms to accelerate TFP growth and shift the economy away … from its continued reliance on capital accumulation, China can grow at a healthy pace and maintain its convergence toward … the level of high income economies. Evidence from China’s provinces indicates that there is room to improve productivity …
Persistent link: https://www.econbiz.de/10011242319
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Accelerating and sustaining growth : economic and political lessons
Virmani, Arvind - 2012
The paper reviews and draws lessons from the experience of fast growing economies including a sub-set of these termed High Growth Economies (HGEs) with a decadal rate of over 7 per cent. It then reviews the history of the Indian growth acceleration following the reforms of the 1990s and its...
Persistent link: https://www.econbiz.de/10009620975
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Public investment, growth, and debt sustainability : putting together the pieces
Buffie, Edward E.; Berg, Andrew; Pattillo, Catherine A.; … - 2012
We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (iii) the fiscal policy reactions necessary to ensure debt-sustainability; and (iv)...
Persistent link: https://www.econbiz.de/10009618586
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Private Sector Deleveraging and Growth Following Busts
Chen, Sally; Kim, Minsuk; Otte, Marijn; Wiseman, Kevin; … - International Monetary Fund (IMF) - 2015
role of balance sheet adjustment for resuming sustained growth. In this paper we examine private sector deleveraging … experiences of deleveraging episodes across countries, and analyze empirically the impact of different aspects of deleveraging …
Persistent link: https://www.econbiz.de/10011242372
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Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten
Reinhart, Carmen; Rogoff, Kenneth - International Monetary Fund (IMF) - 2013
Even after one of the most severe multi-year crises on record in the advanced economies, the received wisdom in policy circles clings to the notion that high-income countries are completely different from their emerging market counterparts. The current phase of the official policy approach is...
Persistent link: https://www.econbiz.de/10010790367
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Growth and Reforms in Latin America : A Survey of Facts and Arguments
Zettelmeyer, Jeromin - 2006
Persistent link: https://www.econbiz.de/10012691175
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Structural Reforms and Economic Growth: A Machine Learning Approach
Ari, Anil - 2022
The qualitative and granular nature of most structural indicators and the variety in data sources poses difficulties for consistent cross-country assessments and empirical analysis. We overcome these issues by using a machine learning approach (the partial least squares method) to combine a...
Persistent link: https://www.econbiz.de/10015060113
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Caribbean growth in an international perspective : the role of tourism and size
Thacker, Nita; Acevedo, Sebastian; Perrelli, Roberto - 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 man …
Persistent link: https://www.econbiz.de/10009659894
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Does Openness to International Financial Flows Raise Productivity Growth?
Prasad, Eswar S. - 2008
productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a …
Persistent link: https://www.econbiz.de/10012677369