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On the Dynamics of Economic Growth

On the Dynamics of Economic Growth »

Source: On the Dynamics of Economic Growth

Volume/Issue: 1994/138

Series: IMF Working Papers

Author(s): Michael Sarel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1994

ISBN: 9781451855951

Keywords: growth model, technological progress, economic growth, neoclassical growth model

This paper examines the dynamics of economic growth. First, it demonstrates that the standard neoclassical growth model with constant elasticity of intertemporal substitution is not consistent with the patterns of...

Measuring the Potential Output of South Africa

Measuring the Potential Output of South Africa »

Source: Measuring the Potential Output of South Africa

Volume: 11

Series: Departmental Papers / Policy Papers

Author(s): Nir Klein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 August 2011

ISBN: 9781475510140

Keywords: Production growth, Productivity, Economic models, Economic growth

This paper provides an assessment of the South African potential output for the period 1985-2010 by applying both structural and nonstructural estimation techniques. The analysis suggests that, while potential out...

Endogenous Time Preference and Endogenous Growth

Endogenous Time Preference and Endogenous Growth »

Source: Endogenous Time Preference and Endogenous Growth

Volume/Issue: 1994/15

Series: IMF Working Papers

Author(s): Howell Zee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1994

ISBN: 9781451843194

Keywords: equation, growth rate, growth model, equations

The present paper develops a one-sector aggregate endogenous growth model with intertemporal preference dependence. The resultant model possesses the fundamental property of growth convergence, in the sense that co...

Climate Change and Energy Systems
			: Impacts, Risks and Adaptation in the Nordic and Baltic countries

Climate Change and Energy Systems : Impacts, Risks and Adaptation in the Nordic and Baltic countries »

Series: Nordic Council of Ministers

Author(s): Halldór Björnsson , and Thorsteinn Thorsteinsson

Publisher: Nordic Council of Ministers

Publication Date: 01 June 2012

ISBN: 9789289321907

Keywords: Nordic, Norden, Baltic, Baltics, Renewable Energy, Global Energy Consumption, Fossil Fuel, Forest Growth Data, Global Circulation Models, Energy Sector

Renewable energy sources contribute 16% of the global energy consumption and most nations are working to increase the share of renewables in their total energy budget, to reduce the dependence on fossil fuel source...

Social and Political Factors in a Model of Endogenous Economic Growth and Distribution

Social and Political Factors in a Model of Endogenous Economic Growth and Distribution »

Source: Social and Political Factors in a Model of Endogenous Economic Growth and Distribution : An Application to the Philippines

Volume/Issue: 1996/139

Series: IMF Working Papers

Author(s): Delano Villanueva

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1996

ISBN: 9781451929461

Keywords: growth rate, wage, wages, economic growth, growth model

This paper proposes a model of endogenous economic growth and distribution explicitly incorporating social extraction and political competition, with an application to the Philippine historical experience. The majo...

Macroeconomic Consequences of Remittances

Macroeconomic Consequences of Remittances »

Series: Occasional Papers

Author(s): Connel Fullenkamp , Thomas Cosimano , Michael Gapen , Ralph Chami , Peter Montiel , and Adolfo Barajas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2008

DOI: http://dx.doi.org/10.5089/9781589067011.084

ISBN: 9781589067011

Keywords: Debt sustainability, Capital inflows, Economic models, Economic growth, Real effective exchange rates, Income, Migration, Labor markets, Workers remittances, remittances

Given the large size of aggregate remittance flows (billions of dollars annually), they should be expected to have significant macroeconomic effects on the economies that receive them. This paper directly addresses...

Growth, Productivity, and the Rate of Returnon Capital

Growth, Productivity, and the Rate of Returnon Capital »

Source: Growth, Productivity, and the Rate of Returnon Capital

Volume/Issue: 1992/35

Series: IMF Working Papers

Author(s): Bankim Chadha , and Charles Adams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1992

ISBN: 9781451978407

Keywords: investment rate, growth rate, growth model, diminishing returns, neoclassical growth model

This paper examines the ability of alternative classes of growth models to explain the historical experience of the U.S. economy. The potential returns to the U.S. from raising its investment rate in terms of both...

Trade and Income in the Long Run: Are There Really Gains, and Are They Widely Shared?*

Trade and Income in the Long Run: Are There Really Gains, and Are They Widely Shared?* »

Source: Trade and Income in the Long Run: Are There Really Gains, and Are They Widely Shared?

Volume/Issue: 2017/231

Series: IMF Working Papers

Author(s): Diego Cerdeiro , and Andras Komaromi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2017

ISBN: 9781484324851

Keywords: Income, Trade, Growth, Inequality, Gravity model, General

In the cross section of countries, there is a strong positive correlation between trade and income, and a negative relationship between trade and inequality. Does this reflect a causal relationship? We adopt the Fr...

Financial Development and Economic Growth

Financial Development and Economic Growth »

Source: Financial Development and Economic Growth : An Economic Analysis for Singapore

Volume/Issue: 1996/15

Series: IMF Working Papers

Author(s): Lamin Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1996

ISBN: 9781451843217

Keywords: equation, statistics, growth model, time series, cointegration

With the emergence of the rapidly expanding literature on endogenous growth, the relationship between financial development and economic growth has received a new source of inspiration. Recent cointegration techniq...

Modernizing China
			: Investing in Soft Infrastructure

Modernizing China : Investing in Soft Infrastructure »

Series: Books

Author(s): W. Raphael Lam , Markus Rodlauer , and Alfred Schipke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 April 2017

Language: Chinese

DOI: http://dx.doi.org/10.5089/9781475583625.071

ISBN: 9781475583625

Keywords: China, China, People's Republic of, Economic reforms, reforms, economic success, growth model, policy frameworks, markets, market economy, soft infrastructure

China is at a critical juncture in its economic transformation as it tries to rebalance what is generally seen as an exhausted growth model. A unifying theme across the reforms that will deliver this transformation...