Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Europe > Ireland

You are looking at 1 - 10 of 11 items for :

  • Type: Journal Issue x
  • Production; Cost; Capital and Total Factor Productivity; Capacity x
Clear All Modify Search
Cover IMF Working Papers
The Impact of Workforce Aging on European Productivity
Mr. Shekhar Aiyar
and
Mr. Christian H Ebeke
The age-distribution of Europe’s workforce has shifted towards older workers over the past few decades, a process expected to accelerate in the years ahead.. This paper studies the effect of the aging of the workforce on labor productivity, identifies the main transmission channels, and examines what policies might mitigate the effects of aging. We find that workforce aging reduces growth in labor productivity, mainly through its negative effect on TFP growth. Projected workforce aging could reduce TFP growth by an average of 0.2 percentage points every year over the next two decades. A variety of policies could ameliorate this effect.
Keywords:
WP; workforce; growth; Workforce Aging; Productivity; Policies; labor market; effect of workforce; workforce training; workforce skill; age group; aging workforce; workforce share; Aging; Total factor productivity; Labor force; Europe
Cover IMF Staff Country Reports
Ireland: Selected Issues
International Monetary Fund. European Dept.
This Selected Issues paper reviews public expenditure efficiency in Ireland. Evidence suggests that while Ireland is a low spending country, it achieves a generally efficient use of public funds, with some key differences across sectors. Although the overall space for budgetary savings appears limited, further spending efficiency could help contain cost pressures coming from the demographic challenge of an aging population and improve the quality of public services. It could also help rechannel spending toward more productive uses, for instance by increasing public investment relative to current expenditure, and support the competitive position of the Irish economy and its growth potential.
Keywords:
ISCR; CR; firm; bank; TFP growth; Ireland; frontier firm; firm size; interest cover ratio; firms' TFP; CRE price; determinants of TFP; financial distress; Total factor productivity; Productivity; Global; Europe; C. public expenditure efficiency; Benchmarking expenditure; supervisory response; core infrastructure quality outcome; Health care spending
Cover IMF Working Papers
Reassessing the Productivity Gains from Trade Liberalization
Mr. JaeBin Ahn
,
Ms. Era Dabla-Norris
,
Mr. Romain A Duval
,
Bingjie Hu
, and
Lamin Njie
This paper reassesses the impact of trade liberalization on productivity. We build a new, unique database of effective tariff rates at the country-industry level for a broad range of countries over the past two decades. We then explore both the direct effect of liberalization in the sector considered, as well as its indirect impact in downstream industries via input linkages. Our findings point to a dominant role of the indirect input market channel in fostering productivity gains. A 1 percentage point decline in input tariffs is estimated to increase total factor productivity by about 2 percent in the sector considered. For advanced economies, the implied potential productivity gains from fully eliminating remaining tariffs are estimated at around 1 percent, on average, which do not factor in the presumably larger gains from removing existing non-tariff barriers. Finally, we find strong evidence of complementarities between trade and FDI liberalization in boosting productivity. This calls for a broad liberalization agenda that cuts across different areas.
Keywords:
WP; input tariff; output tariff; tariff data; Trade; Productivity; Tariffs; Inputs; Liberalization; FDI; Reforms; Growth; tariff rate; complementarity regression; tariff liberalization; Total factor productivity; Foreign direct investment; Trade liberalization; Global; research department; fiscal affair; productivity gains from trade liberalization
Cover IMF Staff Country Reports
United Kingdom: Selected Issues
International Monetary Fund. European Dept.
United Kingdom: Selected Issues
Keywords:
ISCR; CR; stamp duty; firm; foreign direct investment; stamp duty land tax; receipts increase; property tax system; resource misallocation; income balance; property tax tax revenue; Total factor productivity; Productivity; Transaction tax; Property tax; Capital productivity; Global; Southern Europe; Europe
Cover IMF Staff Country Reports
Euro Area Policies: 2011 Article IV Consultation—Lessons from the European Financial Stability Framework Exercise; and Selected Issues Paper
International Monetary Fund
The European Union’s (EU) financial stability framework is being markedly strengthened. This is taking place on the heels of a severe financial crisis owing to weaknesses in the banking system interrelated with sovereign difficulties in the euro area periphery. Important progress has been made in designing an institutional framework to secure microeconomic and macroprudential supervision at the EU level, but this new set-up faces a number of challenges. Developments regarding the financial stability may assist in the continuing evolution of the European financial stability architecture.
Keywords:
ISCR; CR; state; TFP growth; EU country; CDS Premia; EU institution; policy toolkit; Total factor productivity; Systemic risk; Macroprudential policy; Financial sector stability; Europe; Global; Western Europe
Cover IMF Staff Country Reports
United Kingdom: Selected Issues Paper
International Monetary Fund
This paper estimates the extent of spare capacity in the U.K. economy using a range of methodologies pointing to an output gap and the behavior of inflation during large output gaps. The usefulness of fiscal rules in supporting fiscal consolidation is generally positive, and a more permanent rules-based fiscal framework is required. The banking system has recovered fast; however, the sustainability of the sector’s recovery is still uncertain, and risks remain. An update on reforms to the financial sector’s regulatory and supervisory framework is also provided.
Keywords:
ISCR; CR; UK banking sector; bank; output gap estimate; expenditure rule; UK bank; upside inflation risk; Output gap; Fiscal stance; Fiscal rules; Fiscal consolidation; Global; Europe
Cover IMF Staff Papers
IMF Staff Papers, Volume 56, No. 4
International Monetary Fund. Research Dept.
This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the financial system, and political costs to the authorities. It finds that the economic costs are generally significant but short-lived, and sometimes do not operate through conventional channels. The political consequences of a debt crisis, by contrast, seem to be particularly dire for incumbent governments and finance ministers, broadly in line with what happens in currency crises.
Keywords:
SP; default episode; home terms of trade; terms-of-trade shock; terms-of-trade response; productivity gain; debt projection; Monetary unions; Total factor productivity; Real effective exchange rates; Trade credits; Stock markets; Africa; Global; Caribbean; Baltics; Southeast Asia
Cover IMF Staff Country Reports
Greece: Selected Issues
International Monetary Fund
This Selected Issues paper analyzes the growth prospects of the Greek economy. It is estimated that exceptional factors boosted growth by 1 percentage point per year in recent years and, under current trends and policies, growth is likely to drop to about 3 percent by the end of the decade. The paper places the recent strong growth performance of the Greek economy in a historical and international context. It also assesses the impact of exceptional factors on growth, and presents statistical estimates of potential growth.
Keywords:
ISCR; CR; pension benefit; TFP growth; GDP growth; labor force; pension expenditure; participation rate; Pension spending; Pensions; Aging; Migration; Total factor productivity; Eastern Europe; Europe; publication policy; pension deficit; reader comment; evolution of pensioner; Social security contributions
Cover IMF Staff Country Reports
Portugal: Selected Issues
International Monetary Fund
This Selected Issues paper on Portugal reviews the considerations regarding productivity slowdown. The favorable evolution of income growth from the 1970s to the mid-1990s in Portugal was associated with above-average productivity growth but also reflected a more moderate decline in the amount of hours worked than that experienced in other countries in Europe. Portugal was an outstanding performer with double-digit productivity increases in large several high-tech industries. The evidence suggests that the negative impact of high labor adjustment costs on productivity is more intense for small- and medium-size companies and depends on the nature of wage-bargaining systems.
Keywords:
ISCR; CR; Portugal; bank; productivity growth; output response; expenditure measure; bank efficiency; government spending shock; interest margin; productivity deceleration; bank competition; Productivity; Labor productivity; Total factor productivity; Fiscal consolidation; Europe
Cover IMF Staff Papers
IMF Staff Papers, Volume 52, No. 1
International Monetary Fund. Research Dept.
This first issue of IMF Staff Papers for 2005 contains 7 papers that discuss: whether output recovered after the Asian crisis; the value of a country's trading partners to its own economic growth; whether interdependence is a factor in understanding the spread of currency crises; can remittance payments from expatriates be a reliable source of capital for economic development?; total factor productivity; designing a VAT for the energy trade in Russia and Ukraine; and lastly, a discussion of the reasons for central bank intervention in ERM-I since 1993
Keywords:
SP; trading partner; worker remittance; TFP estimate; crisis probability; recession state; output loss; Exchange rates; Remittances; Conventional peg; Value-added tax; Total factor productivity; Global; Baltics; East Asia; Middle East; North Africa; Central Asia; Sub-Saharan Africa; Europe