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IMF RESEARCH perspectives

2025

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This issue of IMF Research Perspectives explores "New Levers of Growth" by examining factors contributing to a global growth slowdown and identifying potential solutions.

* **Endogenous Time to Build:** Research on construction project timelines in India reveals that firms can adjust construction speed based on economic conditions, impacting investment dynamics and monetary policy.
* **Gender-Based Occupational Barriers:** Analysis across 43 economies quantifies how gender-based occupational barriers hinder talent allocation and constrain aggregate productivity, with significant potential gains from reducing these barriers.
* **R&D Misallocation and Productivity:** Studies on the US R&D landscape highlight how misallocation of resources, driven by factors like monopsony power, leads to disappointing innovation outcomes and a productivity growth slowdown.

Tags: economic growth, productivity, innovation, labor markets, trade

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