Suchergebnisse

Cover Page -- Title Page -- Copyright Page -- Contents -- Table -- Figure -- Appendix -- I. Introduction -- 1. Real GDP per Capita Growth Rate -- II. Data -- 2. Thailand: Agricultural Employment -- III. How Does Thailand Compare with Other Economies? -- 3. Value Added per Worker -- 4. Value Added per Worker Relative to Economy-Wide Average -- 5. Employment Shares -- 6. Employment in Agriculture and GDP per Capita in Selected Asian Economies -- 7. Employment in Agriculture and GDP per Capita in Emerging Market and Developing Economies -- 1. Weighted Coefficient of Variation -- 8. Scaled Covariance -- IV. More Detailed Breakdown -- 9. Scaled Covariance for Selected Countries -- 10. Value Added per Worker -- V. Dynamics -- 11. Evolution of Employment Shares and Productivity in Thailand -- VI. Model -- 12. Impact of Guaranteed Price -- 13. Impact of Minimum Wage -- VII. What Explains Thailand's Idiosyncrasies? -- 14. Thailand: Share of Agriculture in Employment -- VIII. Policy Implications -- IX. Conclusions -- References -- Appendix I: Productivity Growth Decomposition -- Footnotes.

This paper examines access to business finance by Canadian small and medium-sized enterprises (SMEs) and to housing finance by Canadian households (particularly non-prime borrowers) against the background of a fairly concentrated and protected banking industry. It finds access broadly adequate for the former group. However, given the dominance of the large banks and their fairly low risk tolerance, financing of riskier projects is a challenge. Problems with venture capital, plausibly related to the prevalence of tax-advantaged labor-sponsored funds, exacerbate the situation for the most innova

This paper documents the extent of financial linkages between Canada and the United States and explores the impact of changes in U.S. financial conditions on financial conditions and real economic activity in Canada. It shows that close to a quarter of financing by Canadian corporations is raised south of the border. Empirical analysis using structural vector autoregressions establishes that a tightening in U.S. financial conditions has significant implications for real activity in Canada. For example, a percentage point increase in the 3- month T-bill rate, other things being equal, leads to

This paper uses the IMF's Global Integrated Monetary and Fiscal Model (GIMF) to assess the impact of fiscal consolidation on the Czech economy. Its contribution is threefold. First, it provides estimates of dynamic fiscal multipliers for a variety of fiscal instruments (tax and expenditure), consolidation durations, assumptions about credibility, and monetary policy responses. Second, the paper evaluates the impact on the economy of tightening measures envisaged in the 2011 budget. Third, the paper considers alternative packages for consolidation beyond 2011 to achieve the government's balance