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International Spillover of Labor Market Reforms

Dao, Mai - International Monetary Fund (IMF) - 2008

This paper uses a dynamic economy model, with unionized labor markets, to analyze the effects of labor market reforms, similar to those recently introduced in Germany, on the domestic and trading partner economies. The model is calibrated on Germany and the rest of the Euro area. The results...

Persistent link: https://www.econbiz.de/10005605373

Inequalities and Growth in the Southern African Customs Union (SACU) Region

Basdevant, Olivier; Benicio, Dalmacio; Yakhshilikov, Yorbol - International Monetary Fund (IMF) - 2012

This paper applies the work of Berg and Ostry (2011) to the SACU region, to identify how inequalities have played a … role in growth in each of these countries, and elaborates policy options to mitigate the effects of inequalities and foster … growth. Lower income inequalities could lead to significant gains, as SACU countries could almost double the duration of …

Persistent link: https://www.econbiz.de/10010790343

Value of WTO Trade Agreements in a New Keynesian Model

Ganelli, Giovanni; Tervala, Juha - International Monetary Fund (IMF) - 2015

We revisit the question of the quantitative benefits of WTO trade agreements in a setup that is non-standard from the …

Persistent link: https://www.econbiz.de/10011242404

Tests of German Resilience

Bornhorst, Fabian; Mody, Ashoka - International Monetary Fund (IMF) - 2012

From its early post-war catch-up phase, Germanyâ€™s formidable export engine has been its consistent driver of growth. But Germany has almost equally consistently run current account surpluses. Exports have powered the dynamic phases and helped emerge from stagnation. Volatile external...

Persistent link: https://www.econbiz.de/10011142028

Social Spending in Korea; Can it Foster Sustainable and Inclusive Growth?

Elekdag, Selim - International Monetary Fund (IMF) - 2012

Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly aging population and ameliorating income inequality. This paper argues that a gradual increase in social spending could promote more sustainable and inclusive growth in Korea....

Persistent link: https://www.econbiz.de/10011242304

Productivity Growth and Structural Reform in Bulgaria; Restarting the Convergence Engine

Pouvelle, Cyril; Mitra, Pritha - International Monetary Fund (IMF) - 2012

Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural problems in its labor market, reflected in its...

Persistent link: https://www.econbiz.de/10011242306

Does Technological Diffusion Explain Australia's Productivity Performance?

Tressel, Thierry - International Monetary Fund (IMF) - 2008

This paper analyzes the impact of product and labor market policies on technological diffusion and multi-factor productivity (MFP) in a panel of industries in 15 OECD countries over the period 1980 to 2003, with a special focus on Australia. We use a simple convergence empirical framework to...

Persistent link: https://www.econbiz.de/10005768866

How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries?

Jaumotte, Florence; Tytell, Irina - International Monetary Fund (IMF) - 2007

Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress. At the same time, the...

Persistent link: https://www.econbiz.de/10005768889

Labor and Product Market Deregulation; Partial, Sequential, or Simultaneous Reform?

Berger, Helge; Danninger, Stephan - International Monetary Fund (IMF) - 2005

This study explores the effects of labor and product market deregulation on employment growth. Our empirical results, based on an OECD country panel from 1990-2004, suggest that lower levels of product and labor market regulation foster employment growth, including through sizable interaction...

Persistent link: https://www.econbiz.de/10005769319

Effects of Globalizationon Labor's Share in National Income

Guscina, Anastasia - International Monetary Fund (IMF) - 2006

The past two decades have seen a decline in labor's share of national income in several industrial countries. This paper analyzes the role of three factors in explaining movements in labor's share--factor-biased technological progress, openness to trade, and changes in employment...

Persistent link: https://www.econbiz.de/10005769331