Browse

You are looking at 1 - 6 of 6 items for :

  • Innovation; Research and Development; Technological Change; Intellectual Property Rights: General x
  • Western Hemisphere x
  • Knowledge management x
  • Financial and monetary sector x
Clear All
Ian M.D. Little, Adrian Lambertini, and Carl Dahlman

This paper discusses quantitative indicators that measure such macroeconomic variables as the growth of national product, inflation. The importance of considering several indicators in a dynamic context becomes particularly relevant during periods when needed economic and financial adjustment measures are undertaken. Rationales given for maintaining negative real interest rates in developing countries range from keeping down the cost of servicing the public sector’s debt, or of investment, to avoiding the consequences of other policies.

Alessandro Penati, Frederick Moore, Carl Dahlman, Leif Christoffersen, Ridley Nelson, James Blalock, and Shahid Yusuf

This paper reviews the increasing private capital flows to less developed countries. The share of developing countries in the foreign direct investment is small, perhaps less than 30 percent of the total. The effects of this decline in the volume of foreign investment and the continued problem of capital flight have been aggravated by the serious fall in commercial bank lending to developing countries as a group and by a decline in official development assistance.

Johannes Eugster, Giang Ho, Ms. Florence Jaumotte, and Mr. Roberto Piazza

More rapid diffusion of know-how is an important benefit of globalization

EHSAN U. CHOUDHRI and DALIA S. HAKURA

The paper estimates an empirical relation based on Krugman’s “technological gap” model to explore the influence of the pattern of international trade and production on the overall productivity growth of a developing country. A key result is that increased import competition in medium-growth (but not in low- or high-growth) manufacturing sectors enhances overall productivity growth. The authors also find that a production-share weighted average of (technological leaders’) sectoral productivity growth rates has a significant effect on the rate of aggregate productivity growth. [JEL F10, F43, O10, O40]

Mr. Thierry Verdier

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.