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|c 5.00 USD
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|z 9781451851793
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Laxton, Douglas.
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|a Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model /
|c Douglas Laxton, Tamim Bayoumi, David Coe.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1998.
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|a 1 online resource (26 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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 and D) expenditures, R and 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.
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|a Mode of access: Internet
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|a Bayoumi, Tamim.
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|a Coe, David.
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|a IMF Working Papers; Working Paper ;
|v No. 1998/095
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1998/095/001.1998.issue-095-en.xml
|z IMF e-Library
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