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In: IMF Working Paper WP/14/205
In: IMF Working Papers v.Working Paper No. 14/205
Following very strong growth during the period 2000-12, emerging market economies (EMEs) experienced a slowdown in the last couple of years. This paper examines the supply-side drivers of the strong growth performance of 63 EMEs and investigates if the recent slowdown in growth is transitory or a more permanent phenomenon. We find that on average the recent slowdown is explained equally by structural and cyclical factors, although there are large variations across countries and regions. While the cyclical component of the slowdown can be corrected by countercyclical policies (provided that the
In: Africa research bulletin. Economic, financial and technical series, Volume 52, Issue 4
ISSN: 1467-6346
In: Africa research bulletin. Economic, financial and technical series, Volume 50, Issue 6, p. 20016B-20016C
ISSN: 1467-6346
In: Africa research bulletin. Economic, financial and technical series, Volume 45, Issue 10
ISSN: 1467-6346
In: Crossborder monitor: weekly briefing service for international executives, Volume 11, Issue 38, p. 8
In: New left review: NLR, Issue 80, p. 132-140
ISSN: 0028-6060
In: Problems of communism, Volume 31, Issue 4, p. 1-19
ISSN: 0032-941X
AT THE BEGINNING OF THE 1980'S, EAST EUROPEAN ECONOMIES ARE AT A CROSSROADS. THE PRESSURES THAT BLEW THE LID OFF POLAND WILL INCREASINGLY BUILD BENEATH THE POLITICAL LEADERS AND CENTRAL PLANNERS OF OTHER EAST EUROPEAN COUNTRIES, FORCING THEM TO TAKE HARD DECISIONS REGARDING THEIR ECONOMIC SYSTEMS. UNDERSTANDING THE CAUSES OF THE PRESENT ECONOMIC SLOWDOWN ALLOWS SPECULATION ABOUT WHAT RESPONSES THE EAST EUROPEAN LEADERSHIP MAY MAKE.
In: The China quarterly, Volume 80, p. 734-739
ISSN: 1468-2648
The increase of 13·5 per cent in 1978 masks a remarkable slowdown in the rate of industrial growth in China. The data in Table 1 suggest that the gross value of industrial output (GVIO) has been growing at an annual rate of less than 5 per cent since the end of 1977 – which is less than half the average annual rate projected for the 10–Year Plan period (1976–85).
In: IMF Working Papers
This paper documents the recent slowdown in investment in India and explores its underlying causes. The sharp investment deceleration has sparked an intense debate about the role of interest rates, as well as business confidence and economic policy uncertainty. Our results suggest that while explaining aggregate investment activity better than nominal interest rates, real interest rates account for only one quarter of the explained investment downturn. In addition, standard macro-financial variables do not fully explain the recent investment slump. Using a new measure of economic policy uncert
In: IMF Working Paper WP/15/6
In: IMF Working Papers v.Working Paper No. 15/6
This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and income in the past four decades reveals that the long-term trade elasticity rose sharply in the 1990s, but declined significantly in the 2000s even before the global financial crisis. These results suggest that trade is growing slowly not only because of slow growth of Gross Domestic Product (GDP), but
In: Africa research bulletin. Economic, financial and technical series, Volume 52, Issue 6
ISSN: 1467-6346
In: Africa research bulletin. Economic, financial and technical series, Volume 43, Issue 8
ISSN: 1467-6346
Intro -- Title Page -- Copyright Page -- Contents -- Editor's Introduction -- SECTION ONE: FORECASTING THE LONG-TERM GROWTH OUTLOOK -- 1. The Outlook for U.S. Economic Growth -- 2. The Rise and Fall of Exceptional U.S. Productivity Growth -- 3. Explanations for Slow Long-Term Growth -- SECTION TWO: THE FUTURE OF INNOVATION -- 4. The Turtle's Progress: Secular Stagnation Meets the Headwinds -- 5. Computing Bounty: GDP and Beyond -- 6. Information Technology and Productivity Growth -- SECTION THREE: IS ECONOMIC DYNAMISM IN DECLINE? -- 7. Business Dynamism and Growth -- 8. The Demise of U.S. Dynamism Is Vastly Exaggerated-But All Is Not Well -- 9. Is Entrepreneurship in Decline? -- Notes.