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The Spending and Absorption of Aid in PRGF Supported Programs

Martijn, Jan Kees; Berndt, Markus; Shonchoy, Abu; … - International Monetary Fund (IMF) - 2008

This paper studies the spending and absorption of aid in PRGF-supported programs, verifies whether the use aid is programmed to be smoothed over time, and analyzes how considerations about macroeconomic stability influence the programmed use of aid. It finds that PRGF-supported programs allow...

Persistent link: https://www.econbiz.de/10005826106

Bulgariaâ€™s EU Funds Absorption: Maximizing the Potential!

Paliova, Iana; Lybek, Tonny - International Monetary Fund (IMF) - 2014

This paper focuses on EU structural and cohesion funds assistance to Bulgaria during the 2007â€“13 program period. Initial weaknesses resulted in a low absorption rate, which was mitigated by increasing advance payments; applying electronic application and reporting procedures; simplifying...

Persistent link: https://www.econbiz.de/10011142169

A Multi-Industry Model of Growth with Financing Constraints

Ilyina, Anna; Samaniego, Roberto M. - International Monetary Fund (IMF) - 2009

This paper develops a multi-industry growth model in which firms require external funds to conduct productivity-enhancing R&D. The cost of research is industry-specific. The tightness of financing constraints depends on the level of financial development and on industry characteristics. Over...

Persistent link: https://www.econbiz.de/10008528634

The Macroeconomics of Scaling Up Aid; The Gleneagles Initiative for Benin

Mongardini, Joannes; Samaké, Issouf - International Monetary Fund (IMF) - 2009

This paper assesses the macroeconomic implications of scaling up aid for Benin in line with the Gleneagles commitment to double aid to poor countries over the next three years to reach $85 per capita by 2010 and keep it at that level thereafter. The analysis suggests that the additional aid...

Persistent link: https://www.econbiz.de/10008528643

Building Supervisory Structures in Sub-Saharan Africa; An Analytical Framework

Quintyn, Marc; Taylor, Michael - International Monetary Fund (IMF) - 2007

Current trends in financial sector development in sub-Saharan Africa are prompting policymakers to focus on the design of appropriate supervisory structures. Against the backdrop of worldwide efforts to remodel supervisory structures, this paper develops an analytical framework for designing a...

Persistent link: https://www.econbiz.de/10005768971

Productivity Growth, Technological Convergence, RandD, Trade, and Labor Markets; Evidence From the French Manufacturing Sector

Khan, Tehmina S. - International Monetary Fund (IMF) - 2006

Total factor productivity (TFP) of 14 manufacturing sectors in France has kept up with that of the United States during 1980-2002 and remained well above that of the United Kingdom. Estimates using a dynamic panel equilibrium correction model indicate that sectors further behind the...

Persistent link: https://www.econbiz.de/10005599272

Technology and Finance

Ilyina, Anna; Samaniego, Roberto M. - International Monetary Fund (IMF) - 2008

The benefits from financial development are known to vary across industries. However, no systematic effort has been made to determine the technological characteristics that are shared by industries that tend to grow relatively faster in more financially developed countries. This paper explores a...

Persistent link: https://www.econbiz.de/10005599648

What's Driving Investment in China?

Barnett, Steven; Brooks, Ray - International Monetary Fund (IMF) - 2006

Investment has grown rapidly in China in recent years, reaching more than 40 percent of GDP. Despite good progress on bank and enterprise reforms, weaknesses remain that could contribute to inefficient investment decisions. Manufacturing, infrastructure, and real estate have been the drivers of...

Persistent link: https://www.econbiz.de/10005604880

Money isn't Everything; The Challenge of Scaling Up Aid to Achieve the Millennium Development Goals in Ethiopia

Mattina, Todd D. - International Monetary Fund (IMF) - 2006

This paper outlines the challenge of developing an operational macroeconomic framework in Ethiopia consistent with the large envisaged scaling up of aid to achieve the Millennium Development Goals (MDGs). This paper describes an MDG scenario that addresses both microeconomic and macroeconomic...

Persistent link: https://www.econbiz.de/10005248180

Small and Medium Size Enterprises, Credit Supply Shocks, and Economic Recovery in Europe

Klein, Nir - International Monetary Fund (IMF) - 2014

The limited access to bank credit in recent years has increased the pressure on small and medium size enterprises (SMEs … channel, finds evidence that countries with high prevalence of SMEs tended to recover more slowly from the global financial … negative credit supply shock applied to SMEs has an adverse effect on economic activity, and this impact is amplified in …

Persistent link: https://www.econbiz.de/10010790414