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Mauritius The Drivers of Growth—Can the Past be Extended?
Svirydzenka, Katsiaryna; Petri, Martin - International Monetary Fund (IMF) - 2014
Mauritius’s economic performance has been called “the Mauritian miracle†and the “success of Africa†(Romer, 1992; Frankel, 2010; Stiglitz, 2011), despite difficult initial conditions that led a Nobel Prize Winner in economics to predict stagnation (Meade, 1961). We use growth...
Persistent link: https://www.econbiz.de/10011142138
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The Role of Structural Reforms in Raising Economic Growth in Central America
Swiston, Andrew; Barrot, Luis-Diego - International Monetary Fund (IMF) - 2011
financial crisis, but the rate of convergence toward advanced country income levels has still been slow. Moreover, forecasts …-country panel regression of economic growth using System GMM captures the importance to growth of conditional convergence, factor …
Persistent link: https://www.econbiz.de/10009369454
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Why India Can Grow At 7 Percent a Year or More; Projections and Reflections
Rodrik, Dani; Subramanian, Arvind - International Monetary Fund (IMF) - 2004
Using a simple growth accounting framework, we project India's future potential output growth rate through 2025. We argue that there is perhaps more upside potential than downside risks to our central estimate of annual growth, which is close to 7 percent for aggregate output, or 5.5 percent for...
Persistent link: https://www.econbiz.de/10005826334
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How Does Political Instability Affect Economic Growth?
Aisen, Ari; Veiga, Francisco José - International Monetary Fund (IMF) - 2011
The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of...
Persistent link: https://www.econbiz.de/10008839352
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Slowdown in Emerging Markets: Sign of a Bumpy Road Ahead?
Tsounta, Evridiki - International Monetary Fund (IMF) - 2014
Following very strong growth during the period 2000–12, emerging market economies (EMEs) experienced a slowdown in the last couple of years. This paper examines the supply-side drivers of the strong growth performance of 63 EMEs and investigates if the recent slowdown in growth is...
Persistent link: https://www.econbiz.de/10011142160
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The Pacific Speed of Growth; How Fast Can It Be and What Determines It?
Yang, Yongzheng; Chen, Hong; Singh, Shiu raj; Singh, Baljeet - International Monetary Fund (IMF) - 2013
This study aims to test within a relatively homogeneous group of small states what differentiates the growth performance of Pacific island countries (PICs) from their peers. We find that PICs are disadvantaged by distance and hampered by lower investment and exports compared with other small...
Persistent link: https://www.econbiz.de/10011242206
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The Growth Comeback in Developing Economies; A New Hope or Back to the Future?
Bluedorn, John C; Duttagupta, Rupa; Guajardo, Jaime; … - International Monetary Fund (IMF) - 2013
Growth takeoffs in developing economies have rebounded in the past two decades. Although recent takeoffs have lasted longer than takeoffs before the 1990s, a key question is whether they could unravel like some did in the past. This paper finds that recent takeoffs are associated with stronger...
Persistent link: https://www.econbiz.de/10011242243
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Enhancing China’s Medium-Term Growth Prospects; The Path to a High-Income Economy
Nabar, Malhar; Papa M'B. P. N'Diaye - International Monetary Fund (IMF) - 2013
probability of stalled convergence increases. On the other hand, with reforms to accelerate TFP growth and shift the economy away … from its continued reliance on capital accumulation, China can grow at a healthy pace and maintain its convergence toward … and sustain such a convergence toward the level of more prosperous economies. …
Persistent link: https://www.econbiz.de/10011242319
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Is China Over-Investing and Does it Matter?
Lee, Il Houng; Syed, Murtaza H.; Xueyan, Liu - International Monetary Fund (IMF) - 2012
Now close to 50 percent of GDP, this paper assesses the appropriateness of China’s current investment levels. It finds that China’s capital-to-output ratio is within the range of other emerging markets, but its economic growth rates stand out, partly due to a surge in investment...
Persistent link: https://www.econbiz.de/10011142176
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Increasing Productivity Growth in Middle Income Countries
Abdychev, Aidar; Jirasavetakul, La-Bhus Fah; Jonelis, … - International Monetary Fund (IMF) - 2015
Many small middle-income countries (SMICs) in sub-Saharan Africa (SSA) have experienced a moderation in growth in recent years. Although factor accumulation, most notably capital deepening, was crucial to the success of many SMICs historically, this growth model appears to have run its course....
Persistent link: https://www.econbiz.de/10011123829