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Human Capital Convergence

Human Capital Convergence »

Source: Human Capital Convergence : International Evidence

Volume/Issue: 2001/32

Series: IMF Working Papers

Author(s): Randa Sab , and Stephen Smith

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2001

ISBN: 9781451845112

Keywords: convergence, growth, enrollment rate, equation, primary enrollment, enrollment rates, primary education, Economic Growth and Aggregate Productivity: General, Health: Other,

In the growth literature, evidence on income convergence is mixed. In the development literature, health and education indicators are also often used. This study examines whether health and education levels are con...

Assessing Fiscal Sustainability

Assessing Fiscal Sustainability »

Source: Assessing Fiscal Sustainability : A Cross-Country Comparison

Volume/Issue: 2003/145

Series: IMF Working Papers

Author(s): Enzo Croce , and V. Juan-Ramon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2003

ISBN: 9781451856569

Keywords: convergence, fiscal rule, public debt, debt ratio, fiscal stance, National Government Expenditures and Related Policies, National Budget, Deficit, and Debt,

To monitor fiscal sustainability, this paper proposes a recursive algorithm derived from the law of motion of the debt-to-GDP ratio, subject to a government reaction function that links convergence to the targeted...

Regional Convergence and the Role of Federal Transfers in Canada

Regional Convergence and the Role of Federal Transfers in Canada »

Source: Regional Convergence and the Role of Federal Transfers in Canada

Volume/Issue: 2003/97

Series: IMF Working Papers

Author(s): Phillip Swagel , Steven Dunaway , and Martin Kaufman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2003

ISBN: 9781451852042

Keywords: regional convergence, federal transfers, ei, employment, unemployment, employment insurance, unemployment rate, Size and Spatial Distributions of Regional Economic Activity, National Government Expenditures and Related Policies: Other,

Differences in per capita output across Canadian provinces have narrowed less than disparities in per capita income in past decades. Using a panel regression framework, this paper studies the differential impact of...

How can Korea Boost Potential Output to Ensure Continued Income Convergence?

How can Korea Boost Potential Output to Ensure Continued Income Convergence? »

Source: How can Korea Boost Potential Output to Ensure Continued Income Convergence?

Volume/Issue: 2014/54

Series: IMF Working Papers

Author(s): Sonali Jain-Chandra , and Longmei Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2014

ISBN: 9781484350324

Keywords: potential output, structural reforms, income convergence, labor force, labor force participation, employment, labor market, employment protection legislation, Macroeconomic Analyses of Economic Development, potential outputa,

Korea's rapid growth has slowed in recent years, suggesting lower potential growth. This paper uses an array of techniques, including statistical filters, a multivariate model and the production function, to estima...

Economic Convergence in the Euro Area: Coming Together or Drifting Apart?

Economic Convergence in the Euro Area: Coming Together or Drifting Apart? »

Source: Economic Convergence in the Euro Area: Coming Together or Drifting Apart?

Volume/Issue: 2018/10

Series: IMF Working Papers

Author(s): Jeffrey Franks , Bergljot Barkbu , Rodolphe Blavy , William Oman , and Hanni Schoelermann

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 January 2018

ISBN: 9781484338490

Keywords: Business cycles, Economic integration, Euro Area, Financial cycles, Convergence, synchronization, Economic and Monetary Union, Optimum Currency Area, Financial Aspects of Economic Integration

We examine economic convergence among euro area countries on multiple dimensions. While there was nominal convergence of inflation and interest rates, real convergence of per capita income levels has not occurred a...

Growth and Inflation Dispersions in EMU

Growth and Inflation Dispersions in EMU »

Source: Growth and Inflation Dispersions in EMU : Reasons, the Role of Adjustment Channels, and Policy Implications

Volume/Issue: 2007/167

Series: IMF Working Papers

Author(s): Emil Stavrev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

ISBN: 9781451867312

Keywords: Common and country-specific shocks, output and inflation dispersions, convergence, risks sharing, monetary policy, real interest rate, price level, aggregate demand,

This paper's analysis of growth and inflation dispersions in the euro area reveals several findings. First, these dispersions have declined appreciably since EMU; remaining dispersions are small but persistent, rel...

The Pacific Speed of Growth

The Pacific Speed of Growth »

Source: The Pacific Speed of Growth : How Fast Can It Be and What Determines It?

Volume/Issue: 2013/104

Series: IMF Working Papers

Author(s): Yongzheng Yang , Hong Chen , Shiu raj Singh , and Baljeet Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2013

ISBN: 9781484399040

Keywords: growth, convergence, remoteness, volatility, aid, investment exports, trading partners, output volatility, trade openness, exchange rate regime

This study aims to test within a relatively homogeneous group of small states what differentiates the growth performance of Pacific island countries (PICs) from their peers. We find that PICs are disadvantaged by d...

International Finance and Income Convergence

International Finance and Income Convergence »

Source: International Finance and Income Convergence : Europe is Different

Volume/Issue: 2007/64

Series: IMF Working Papers

Author(s): Daniel Leigh , Abdul Abiad , and Ashoka Mody

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2007

ISBN: 9781451866285

Keywords: growth, convergence, current account, current account deficit, current account balance, current accounts, Economic Growth of Open Economies, Financial Aspects of Economic Integration,

Recent studies conclude that the ongoing global financial integration may have had little or no value in advancing economic growth, especially in poor countries. Capital is often found to flow "uphill" from poor to...

How Russia Affects the Neighborhood - Trade, Financial, and Remittance Channels

How Russia Affects the Neighborhood - Trade, Financial, and Remittance Channels »

Source: How Russia Affects the Neighborhood - Trade, Financial, and Remittance Channels

Volume/Issue: 2009/277

Series: IMF Working Papers

Author(s): Jaime Espinosa-Bowen , Nadeem Ilahi , and Fahad Alturki

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2009

ISBN: 9781451874228

Keywords: business cycle, growth linkages, Russia, Commonwealth of Independent States (CIS), regional linkages, decoupling, divergence, convergence, and trade, gdp growth

We test the extent to which growth in the 11 CIS countries (excluding Russia) was associated with developments in Russia, overall, as well as through the trade, financial and remittance channels over the last decad...

Welfare vs. Income Convergence and Environmental Externalities

Welfare vs. Income Convergence and Environmental Externalities »

Source: Welfare vs. Income Convergence and Environmental Externalities

Volume/Issue: 2017/271

Series: IMF Working Papers

Author(s): Geoffrey Bannister , and Alex Mourmouras

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 December 2017

ISBN: 9781484331514

Keywords: Environment, Income, Production, Welfare, convergence, externalities, Equity, Justice, Inequality, and Other Normative Criteria and Measurement

We present estimates of welfare by country for 2007 and 2014 using the methodology of Jones and Klenow (2016) which incorporates consumption, leisure, mortality and inequality, and we extend the methodology to incl...