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An Alternative Explanation for the Resource Curse
			: The Income Effect Channel

An Alternative Explanation for the Resource Curse : The Income Effect Channel »

Volume/Issue: 2009/112

Series: IMF Working Papers

Author(s): Ali Alichi , and Rabah Arezki

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2009

DOI: http://dx.doi.org/10.5089/9781451872590.001

ISBN: 9781451872590

Keywords: resource curse, investment and growth, capital movements, exporting countries, closed economy, foreign capital,

The paper provides an alternative explanation for the "resource curse" based on the income effect resulting from high government current spending in resource rich economies. Using a simple life cycle framework, we...

An Empirical Reassessment of the Relationship Between Finance and Growth

An Empirical Reassessment of the Relationship Between Finance and Growth »

Volume/Issue: 2003/123

Series: IMF Working Papers

Author(s): Giovanni Favara

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2003

DOI: http://dx.doi.org/10.5089/9781451854633.001

ISBN: 9781451854633

Keywords: Financial development, panel methods, equation, statistics, gdp per capita, correlation, Economic Growth and Aggregate Productivity: General,

This paper reexamines the empirical relationship between financial development and economic growth. It presents evidence based on cross-section and panel data using an updated dataset, a variety of econometric meth...

Banking Crises and Crisis Dating
			: Theory and Evidence

Banking Crises and Crisis Dating : Theory and Evidence »

Volume/Issue: 2009/141

Series: IMF Working Papers

Author(s): Elena Loukoianova , Gianni De Nicolo , and John Boyd

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2009

DOI: http://dx.doi.org/10.5089/9781451872880.001

ISBN: 9781451872880

Keywords: Systemic Bank Shocks, banking, banking distress, banking crisis,

Many empirical studies of banking crises have employed "banking crisis" (BC) indicators constructedusing primarily information on government actions undertaken in response to bank distress. Weformulate a simple the...

Does Foreign Aid Reduce Poverty? Empirical Evidence from Nongovernmental and Bilateral Aid

Does Foreign Aid Reduce Poverty? Empirical Evidence from Nongovernmental and Bilateral Aid »

Volume/Issue: 2005/100

Series: IMF Working Papers

Author(s): Boriana Yontcheva , and Nadia Masud

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2005

DOI: http://dx.doi.org/10.5089/9781451861198.001

ISBN: 9781451861198

Keywords: Official Development Aid, NGOs, Panel Data Econometrics, infant mortality, mortality rates, aid effectiveness,

This paper assesses the effectiveness of foreign aid in reducing poverty through its impact on human development indicators. We use a dataset of both bilateral aid and NGO aid flows. Our results show that NGO aid r...

Fiscal Policy and Private Sector Saving Behavior
			: Tests of Ricardian Equivalence in Some Developing Economies

Fiscal Policy and Private Sector Saving Behavior : Tests of Ricardian Equivalence in Some Developing Economies »

Volume/Issue: 1987/51

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1987

DOI: http://dx.doi.org/10.5089/9781451970487.001

ISBN: 9781451970487

Keywords: taxation, consumption function, disposable income, aggregate demand

Tax or debt financing of a given rate of government expenditures would, according to the now well-known Ricardian Equivalence proposition, have equivalent effects on aggregate demand. Among the reasons for a deviat...

Growing Up with Capital Flows

Growing Up with Capital Flows »

Volume/Issue: 2002/75

Series: IMF Working Papers

Author(s): Ashoka Mody , and Antu Murshid

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2002

DOI: http://dx.doi.org/10.5089/9781451849745.001

ISBN: 9781451849745

Keywords: capital flows, foreign capital, capital account liberalization, International Finance: General,

In a sample of 60 developing countries, we find evidence of a strong-almost one-to-one-relationship between capital inflows and domestic investment. However, this relationship has evolved over time. While growing f...

Natural Resource Endowments, Governance, and the Domestic Revenue Effort
			: Evidence from a Panel of Countries

Natural Resource Endowments, Governance, and the Domestic Revenue Effort : Evidence from a Panel of Countries »

Volume/Issue: 2008/170

Series: IMF Working Papers

Author(s): John Thornton , Fabian Bornhorst , and Sanjeev Gupta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2008

DOI: http://dx.doi.org/10.5089/9781451870282.001

ISBN: 9781451870282

Keywords: hydrocarbon revenues, domestic revenue effort, government revenue, equation, statistics, autocorrelation,

The recent development literature stresses that countries that receive large revenues from natural resource endowments typically raise less revenue from domestic taxation, and that this creates governance problems...

Sources of Economic Growth
			: An Extensive Growth Accounting Exercise

Sources of Economic Growth : An Extensive Growth Accounting Exercise »

Volume/Issue: 1999/77

Series: IMF Working Papers

Author(s): Abdelhak Senhadji

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1999

DOI: http://dx.doi.org/10.5089/9781451849974.001

ISBN: 9781451849974

Keywords: growth accounting, TFP, production function, growth rate, equations, cointegration

A growth accounting exercise is conducted for 88 countries for 1960-94 to examine the source of cross-country differences in total factor productivity (TFP) levels. Two differences distinguish this analysis from th...

The Role of Inter- and Intraindustry Trade in Technology Diffusion

The Role of Inter- and Intraindustry Trade in Technology Diffusion »

Volume/Issue: 1999/58

Series: IMF Working Papers

Author(s): Dalia Hakura , and Florence Jaumotte

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1999

DOI: http://dx.doi.org/10.5089/9781451847840.001

ISBN: 9781451847840

Keywords: Technology spillovers, Intraindustry Trade, Interindustry Trade, tfp, growth rate, total factor productivity, growth rates

Research shows that international trade is an important channel for the transfer of technology. Building on this evidence, this paper examines the effects of inter- and intraindustry trade on technology transfer. T...

The Terms of Trade and Economic Fluctuations

The Terms of Trade and Economic Fluctuations »

Volume/Issue: 1992/98

Series: IMF Working Papers

Author(s): Enrique Mendoza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1992

DOI: http://dx.doi.org/10.5089/9781451852066.001

ISBN: 9781451852066

Keywords: terms of trade, correlation, standard deviation, import prices, statistics

A three-good, stochastic intertemporal equilibrium model of a small open economy is used to examine the link between terms of trade and business cycles. Equilibrium co-movements of model economies representing indu...