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Mobilizing Revenue in Sub-Saharan Africa; Empirical Norms and Key Determinants

International Monetary Fund (IMF); International … - 2012

Mobilizing more revenue is a priority for sub-Saharan African (SSA) countries. Countries have to finance their development agendas, and weak revenue mobilization is the root cause of fiscal imbalances in several countries. This paper reviews the experience of low-income SSA countries in...

Persistent link: https://www.econbiz.de/10011242287

Oil-Price Boom and Real Exchange Rate Appreciation; Is there Dutch Disease in the Cemac?

International Monetary Fund (IMF); International … - 2011

The paper employs a heuristic comparative approach suggested by Ismail (2009) to search for evidence of Dutch disease in oil-rich countries of the Central African Economic and Monetary Community (CEMAC). While these countries have benefitted from high international oil prices in recent years,...

Persistent link: https://www.econbiz.de/10009370557

When and Why Worry About Real Exchange Rate Appreciation? The Missing Link Between Dutch Disease and Growth

International Monetary Fund (IMF); International … - 2010

We review the literature on Dutch disease, and document that shocks that trigger foreign exchange inflows (such as natural resource booms, surges in foreign aid, remittances, or capital inflows) appreciate the real exchange rate, generate factor reallocation, and reduce manufacturing output and...

Persistent link: https://www.econbiz.de/10008777021

Export Versus FDI in Services

International Monetary Fund (IMF); International … - 2010

In the literature on exports and investment, most productive firms are seen to invest abroad. In the Helpman et al. (2004) model, costs of transportation play a critical role in the decision about whether to serve foreign customers by exporting, or by producing abroad. We consider the case of...

Persistent link: https://www.econbiz.de/10008777034

The Great Rebalancing Act; Can Investment Be a Lever in Asia?

International Monetary Fund (IMF); International … - 2011

Ensuring stable growth in the postcrisis world economy will require a rebalancing of economic activity in several countries. In Asiaâ€™s export-dependent economies, this entails relying more on private domestic demand as a driver of growth. While some countries need to raise consumption,...

Persistent link: https://www.econbiz.de/10008839325

FDI Flows to Low-Income Countries; Global Drivers and Growth Implications

International Monetary Fund (IMF); International … - 2010

What accounts for variations in FDI flows from advanced to developing countries? How have FDI inflows explained cross-country growth experiences? In this paper we tackle both these questions empirically for a large sample of middle and low-income countries. Two key results emerge: (i) lower...

Persistent link: https://www.econbiz.de/10008560450

Risk Instability and the Pattern of Foreign Direct Investment in the Middle East and North Africa Region

International Monetary Fund (IMF); International … - 2004

This paper demonstrates that instability associated with investment risk is critical in explaining the level of foreign direct investment for the Middle East and North Africa (MENA) countries, which generally have higher investment risk than developed countries. The empirical results support...

Persistent link: https://www.econbiz.de/10005769030

Welfare Effects of Uzbekistan's Foreign Exchange Regime

International Monetary Fund (IMF); International … - 2000

In addition to transferring about 16 percent of GDP from exporters to importers, Uzbekistan’s quasi-fiscal multiple exchange rate regime generates identifiable welfare losses of 2-8 percent of GDP on import markets and up to 15 percent on export markets. These excess burdens have increased...

Persistent link: https://www.econbiz.de/10005769325

Crouching Tiger, Hidden Dragon; What Are the Consequences of China's WTO Entry for India'S Trade

International Monetary Fund (IMF); International … - 2005

One of the most significant recent developments in world trade has been the entry of China into the World Trade … Organization (WTO). This paper examines the implications of China's WTO accession for India's trade, using both econometrics and … computable general equilibrium (CGE) models. The paper analyzes how India stands to lose or gain from China's WTO entry in terms …

Persistent link: https://www.econbiz.de/10005599289

Pakistan's Macroeconomic Adjustment and Resumption of Growth, 1999-2004

International Monetary Fund (IMF); International … - 2005

The main findings are as follows: (1) an increase in private national saving during 2001-03 was the key contributor to the turnaround in Pakistan's external current account during this period; (2) while Pakistan's growth was mainly export-led before 2003-04, it was largely led by domestic demand...

Persistent link: https://www.econbiz.de/10005599417