Search Results

You are looking at 1 - 10 of 20 items

  • Keyword: distortions x
Clear All Modify Search
Resource Misallocation and Productivity: Evidence from Mexico

Resource Misallocation and Productivity: Evidence from Mexico »

Source: Resource Misallocation and Productivity: Evidence from Mexico

Volume/Issue: 2018/112

Series: IMF Working Papers

Author(s): Florian Misch , and Christian Saborowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2018

ISBN: 9781484353578

Keywords: Western Hemisphere, Mexico, Resource Misallocation; Productivity; Distortions, Resource Misallocation, Productivity, Distortions Author&;amp;#x2019;s, Microeconomic Analyses of Economic Development

This paper explores the role for specific structural distortions in explaining Mexico's weak productivity growth through the resource misallocation channel. The paper makes two contributions. First, we validate the...

Indexing Structural Distortion: Sectoral Productivity, Structural Change and Growth1

Indexing Structural Distortion: Sectoral Productivity, Structural Change and Growth1 »

Source: Indexing Structural Distortion: Sectoral Productivity, Structural Change and Growth

Volume/Issue: 2017/205

Series: IMF Working Papers

Author(s): Sakai Ando , and Koffie Ben Nassar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 September 2017

ISBN: 9781484319277

Keywords: Productivity, sectoral distortion, growth, index, structural change, Information and Product Quality, General, International, or Comparative

This paper proposes a new index of sectoral labor distortion using employment and valueadded shares. We show that this index is highly correlated with growth both crosssectionally and over time. We also use it to c...

Monetary Union in West Africa

Monetary Union in West Africa »

Source: Monetary Union in West Africa : Who Might Gain, Who Might Lose, and Why?

Volume/Issue: 2002/226

Series: IMF Working Papers

Author(s): Paul Masson , Xavier Debrun , and Catherine Pattillo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2002

ISBN: 9781451875393

Keywords: Monetary union, fiscal distortions, inflation, monetary policy, terms of trade, International Monetary Arrangements and Institutions,

We develop a multicountry model in which governments aim at excessive spending in order to serve the narrow interests of the group in power. This puts pressure on the monetary authorities to extract seigniorage, an...

Real and Financial Sector Linkages in China and India

Real and Financial Sector Linkages in China and India »

Source: Real and Financial Sector Linkages in China and India

Volume/Issue: 2008/95

Series: IMF Working Papers

Author(s): Jahangir Aziz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2008

ISBN: 9781451869569

Keywords: Growth accounting, financial distortions, financial reforms, cost of capital, gnp, capital income, growth rate, growth model,

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 an...

Trade and Growth in the Presence of Distortions

Trade and Growth in the Presence of Distortions »

Source: Trade and Growth in the Presence of Distortions

Volume/Issue: 2005/12

Series: IMF Working Papers

Author(s): Stephen Tokarick , and James Cassing

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2005

ISBN: 9781451860313

Keywords: distortions, growth rate, factor accumulation, national income, world prices, growth rates, Open Economy Macroeconomics,

Tariffs and other policy distortions typically lower real national income relative to what it otherwise would have been for any given rate of factor accumulation. Even while lowering real income, however, policy di...

Financial Distortions in China

Financial Distortions in China »

Source: Financial Distortions in China : A General Equilibrium Approach

Volume/Issue: 2015/274

Series: IMF Working Papers

Author(s): Diego Anzoategui , Mali Chivakul , and Wojciech Maliszewski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 December 2015

ISBN: 9781513565149

Keywords: Financial distortions, interest rate liberalization, implicit government guarantees, interest, guarantees, deposit, implicit guarantees, deposits, General, Asia including Middle East

Widespread implicit guarantees and interest ceilings were major distortions in China's financial system, contributing to a misallocation of resources. We analyze the impact of removing such frictions in a general e...

Rebalancing China's Economy

Rebalancing China's Economy »

Source: Rebalancing China's Economy : What Does Growth Theory Tell Us?

Volume/Issue: 2006/291

Series: IMF Working Papers

Author(s): Jahangir Aziz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2006

ISBN: 9781451865516

Keywords: Business cycle accounting, rebalancing growth, financial distortions, gnp, cost of capital, capital income, growth model, capital formation, Economywide Country Studies: Asia including Middle East,

This paper uses the standard one-sector neoclassical growth model to investigate why China's consumption has been low and investment high. It finds that the low cost of capital has been quantitatively an important...

Japan’s Corporate Income Tax

Japan’s Corporate Income Tax »

Source: Japan's Corporate Income Tax : Facts, Issues and Reform Options

Volume/Issue: 2014/138

Series: IMF Working Papers

Author(s): Ruud A. Mooij , and Ikuo Saito

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2014

ISBN: 9781498300094

Keywords: Corporate income tax, Tax distortions, Dynamic scoring, income shifting, income taxes, tax reform, tax revenues, State and Local Taxation, Subsidies, and Revenue

This paper explores how corporate income tax reform can help Japan increase investment and boost potential growth. Using international and Japan-specific empirical estimates of corporate tax elasticities, investmen...

How Tight Is Too Tight? A Look at Welfare Implications of Distortionary Policies in Uzbekistan

How Tight Is Too Tight? A Look at Welfare Implications of Distortionary Policies in Uzbekistan »

Source: How Tight Is Too Tight? A Look at Welfare Implications of Distortionary Policies in Uzbekistan

Volume/Issue: 2005/239

Series: IMF Working Papers

Author(s): David Grigorian , and Edward Gemayel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2005

ISBN: 9781451862584

Keywords: financial sector distortions, transition, foreign exchange, banking, inflation, banking sector, bank accounts, Monetary Policy, Central Banking, and the Supply of Money and Credit: General

Since independence in 1991, Uzbekistan has pursued a gradual approach to the transition from planned to market economy. This approach relied heavily on trade controls, directed credit, and large public investments....

Modeling the Impact of Taxes on Petroleum Exploration and Development

Modeling the Impact of Taxes on Petroleum Exploration and Development »

Source: Modeling the Impact of Taxes on Petroleum Exploration and Development

Volume/Issue: 2012/278

Series: IMF Working Papers

Author(s): James Smith

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 November 2012

ISBN: 9781557754455

Keywords: petroleum exploration, distortions, fiscal regimes, fiscal regime, tax rates, marginal tax rates, Business Taxes and Subsidies, Mining, Extraction, and Refining: Hydrocarbon Fuels

We present a simple model of petroleum exploration and development that can be applied to study the performance of alternative tax systems and identify potential distortions. Although the model is a highly simplifi...