The Dominican Republic stands out as a fast growing economy that has not been able to generate a commensurate reduction in poverty. Three reasons have been raised before to explain this conundrum: (i) a labor market that does not translate productivity gains into salary increases; (ii) a...

This paper presents estimates of the effects that terms of trade volatility has on real gross domestic product (GDP) per capita growth. Based on 5‐year nonoverlapping panel data comprising 175 countries during 1980 to 2010, the paper finds that terms of trade volatility has significant...

This paper presents estimates of the effects that terms of trade volatility has on growth of real gross domestic product per capita. Based on five-year non-overlapping panel data comprising 175 countries during 1980?2010, the paper finds that: (i) in model specifications that do not include...

Front Cover -- Contents -- Foreword -- Acknowledgments -- About the Editors -- Abbreviations -- Overview -- The Dominican Economy: Strong albeit Barely Inclusive Growth -- Why Has High Economic Growth Not Led to Better Equity Outcomes? -- Why Is Growth Insufficient to Reduce Poverty in the...