Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model:
This paper examines how endogenizing technological progress in a multicountry macroeconometric model affects the analysis of fiscal policies. It uses an expanded version of the IMF's multicountry model, MULTIMOD, in which total factor productivity (TFP) is endogenized as a function of domestic...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1998
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Schriftenreihe: | IMF Working Papers
Working Paper No. 98/95 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper examines how endogenizing technological progress in a multicountry macroeconometric model affects the analysis of fiscal policies. It uses an expanded version of the IMF's multicountry model, MULTIMOD, in which total factor productivity (TFP) is endogenized as a function of domestic research and development (R&D) expenditures, R&D expenditures of trading partners, and trade. Compared with the standard version of the model with exogenous TFP, fiscal policies have much larger and long-lived effects on the domestic economy and on other countries |
Beschreibung: | 1 Online-Ressource (26 p) |
ISBN: | 1451851790 9781451851793 |
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spelling | Laxton, Douglas Verfasser aut Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model Laxton, Douglas Washington, D.C International Monetary Fund 1998 1 Online-Ressource (26 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 98/95 This paper examines how endogenizing technological progress in a multicountry macroeconometric model affects the analysis of fiscal policies. It uses an expanded version of the IMF's multicountry model, MULTIMOD, in which total factor productivity (TFP) is endogenized as a function of domestic research and development (R&D) expenditures, R&D expenditures of trading partners, and trade. Compared with the standard version of the model with exogenous TFP, fiscal policies have much larger and long-lived effects on the domestic economy and on other countries Online-Ausg Bayoumi, Tamim Sonstige oth Coe, David T. Sonstige oth http://elibrary.imf.org/view/IMF001/04287-9781451851793/04287-9781451851793/04287-9781451851793.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Laxton, Douglas Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model |
title | Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model |
title_auth | Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model |
title_exact_search | Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model |
title_exact_search_txtP | Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model |
title_full | Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model Laxton, Douglas |
title_fullStr | Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model Laxton, Douglas |
title_full_unstemmed | Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model Laxton, Douglas |
title_short | Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model |
title_sort | liberating supply fiscal policy and technological innovation in a multicountry model |
url | http://elibrary.imf.org/view/IMF001/04287-9781451851793/04287-9781451851793/04287-9781451851793.xml |
work_keys_str_mv | AT laxtondouglas liberatingsupplyfiscalpolicyandtechnologicalinnovationinamulticountrymodel AT bayoumitamim liberatingsupplyfiscalpolicyandtechnologicalinnovationinamulticountrymodel AT coedavidt liberatingsupplyfiscalpolicyandtechnologicalinnovationinamulticountrymodel |