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This Selected Issues paper analyzes the global crisis and potential growth in Mexico. The paper uses two methodologies … to assess to what extent the global crisis is likely to weigh on Mexico’s growth potential. The first approach is …
Persistent link: https://www.econbiz.de/10014406628
Despite Mexico’s recent remarkable progress in adjusting its fiscal and external accounts and in restructuring its … economy, the recovery of growth has remained elusive. This paper reviews some aspects of Mexico’s recent performance and …
Persistent link: https://www.econbiz.de/10014396459
Strong fundamentals and a policy track record helped Mexico to withstand the fallout from the global crisis and aided … rate regime has helped Mexico. The long-term challenges include declining oil reserves relative to GDP and population aging …. Advancing structural reforms to increase productivity and promote investment will help in increasing the growth potential …
Persistent link: https://www.econbiz.de/10014398505
Since 1978 the Chinese economy has grown on average more than 9 percenta year. Per capita income has nearly quadrupled in the past 15 years andsome analysts predict that within 20 years the Chinese economy will belarger than that of the United States. This pamphlet analyzes the reasonsfor the...
Persistent link: https://www.econbiz.de/10014403126
as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital … (CPMG) methodology of Pesaran et al. (1999) for estimation. The latter takes account of cross-country heterogeneity and …
Persistent link: https://www.econbiz.de/10014396933
This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a spontaneous adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union data. The simulations suggest that forward-looking rules...
Persistent link: https://www.econbiz.de/10014400852
Rodriguez and Rodrik (2000) argue that the relation between openness and growth is still an open question. One of the main problems in the assessment of the effect is the endogeneity of the relation. In order to address this issue, this paper applies the identification through heteroskedasticity...
Persistent link: https://www.econbiz.de/10014401435
Ensuring stable growth in the postcrisis world economy will require a rebalancing of economic activity in several countries. In Asia’s export-dependent economies, this entails relying more on private domestic demand as a driver of growth. While some countries need to raise consumption, several...
Persistent link: https://www.econbiz.de/10014402557
Public investment supports the delivery of key public services, connects citizens and firms to economic opportunities, and can serve as an important catalyst for economic growth. After three decades of decline, public investment has begun to recover as a share of GDP in emerging markets (EMs)...
Persistent link: https://www.econbiz.de/10014408564
This paper analyzes the performance and development of the Mexican pension annuity market in Mexico that stemmed from …
Persistent link: https://www.econbiz.de/10013255589