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This report explores the opportunities and challenges for developing economies arising from digital trade and discusses the role of international cooperation in tackling these opportunities and challenges. The report considers policy actions in the areas of digital infrastructure, skills,...
Persistent link: https://www.econbiz.de/10015198231
This paper outlines a procedure for calculating the cash value of “menu items” in debt restructuring proposals, including par and non-par exchanges, with enhancements consisting of either interest or principal guarantees. It is argued that under certain plausible assumptions interest and...
Persistent link: https://www.econbiz.de/10014396239
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital acquisition. We use the standard system GMM approach as well as...
Persistent link: https://www.econbiz.de/10014396933
Enhancing public and private investment, but also ensuring that this translates into higher growth and employment, have … long been key policy challenges in Arab countries. Reflecting an improvement in policies and global conditions, investment … differences across the region-investment has on average been somewhat weaker than in peer countries and less effective at …
Persistent link: https://www.econbiz.de/10014408616
with an access to the world capital market. The paper examines the efficiency of quantity restrictions on capital exports …
Persistent link: https://www.econbiz.de/10014395795
This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over …
Persistent link: https://www.econbiz.de/10014396226
results from the requirement that non-traded inputs are used in the investment process. In the short-run, though, the effects … changes in the world interest rate …
Persistent link: https://www.econbiz.de/10014396304
increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about …
Persistent link: https://www.econbiz.de/10014406218
Background. The case for sovereign state-contingent debt instruments (SCDIs) as a countercyclical and risk-sharing tool has been around for some time and remains appealing; but take-up has been limited. Earlier staff work had advocated the use of growth-indexed bonds in emerging markets and...
Persistent link: https://www.econbiz.de/10014408735
Organization for Economic Cooperation and Development, and the World Bank reflects the changes and improvements that have been …
Persistent link: https://www.econbiz.de/10014409339