Social Science > Demography

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International Monetary Fund. European Dept.
This Selected Issues paper analyzes the reasons for Romania’s low labor force participation (LFP), and outlines policy options to raise it. It provides an overview over Romania’s demographic challenges, analyzes LFP across demographic groups, and identifies possible causes. The paper also outlines policy options that could help raise LFP of specific population groups and presents simple simulations of the impact on overall LFP and potential gross domestic product if LFP of particular groups were to increase. Boosting Romania’s low LFP opens opportunities to mitigate the impact of an ageing society and to support Romania’s convergence to Western European peers. Higher LFP could also help mitigate the fiscal impact of an ageing society. The reasons for the Romania’s underperformance in education are difficult to pinpoint, but public education expenditure is by far the lowest in the EU. Moreover, raising education spending would constitute a significant investment and would need to be coupled with targeted reforms in the education system.
International Monetary Fund. External Relations Dept.
Finance and Development, March 2017
International Monetary Fund. External Relations Dept.
Finance and Development, March 2017
International Monetary Fund. External Relations Dept.
Finances & DĂ©veloppement, mars 2017
International Monetary Fund. External Relations Dept.
Finance and Development, March 2017
International Monetary Fund. External Relations Dept.
Finanzas y Desarrollo, marzo de 2017
International Monetary Fund. External Relations Dept.
This paper reports about current mainstream growth projections for the United States and the European Union over the medium term represent a marked slowdown from growth rates in the decades prior to the global financial crisis. Slower growth in Europe and the United States has mixed implications for growth prospects in developing economies. Most obviously, on the negative side, it means less demand for these countries’ exports, so models of development based on export-led growth may need to be rethought. In contrast, for Western Europe the narrative is about catch-up growth rather than the rate of cutting-edge technological progress. From the middle of the 20th century to the recent global crisis, this experience comprised three distinct phases. European medium-term growth prospects depend both on how fast productivity grows in the United States and whether catch-up growth can resume after a long hiatus. Economic historians see social capability as a key determinant of success or failure in catch-up growth.
International Monetary Fund
The statistical data on indicators of tourism activity, estimated GDP and components, real GDP, contributions to real GDP growth, changes in the consumer price index, legal minimum wages, summary of trends in public finance, and tax revenue of Aruba are presented in the paper. The data on operational budget of the social insurance bank, government debt, balance- of-payments summary, monetary survey, monetary developments, and changes in sources of broad money with respect to Aruba are also presented.