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Persistent link: https://www.econbiz.de/10004095956
Diversification and structural transformation play important roles in influencing the macroeconomic performance of low-income countries (LICs). Increases in income per capita at early stages of development are typically accompanied by a transformation in a country's production and export...
Persistent link: https://www.econbiz.de/10014410661
Persistent link: https://www.econbiz.de/10014410689
The Southern African Customs Union (SACU), the oldest customs union in the world, comprises Botswana, Lesotho, Namibia, Swaziland (known as the BLNS countries), and South Africa. This Selected Issues paper analyzes how policy has responded to the positive SACU revenue shock. It discusses the...
Persistent link: https://www.econbiz.de/10014406659
This paper suggests that it is essential to save a substantial portion of mineral revenues now to ensure fiscal sustainability for a post-diamond period. Taking the non-mineral primary balance into account can help clarify desirable fiscal policies. Botswana’s real effective exchange rate is...
Persistent link: https://www.econbiz.de/10014405503
various tax rates lead to lower budget deficits in the long run, as a result of an expanding tax base and lower unemployment …
Persistent link: https://www.econbiz.de/10014401626
This Selected Issues paper analyzes labor market policies and unemployment dynamics in Spain. It provides a brief …
Persistent link: https://www.econbiz.de/10014397971
This paper examines the potential contribution of unemployment hysteresis theories to the understanding of the Belgian …
Persistent link: https://www.econbiz.de/10014398156
Poverty and unemployment remained high in Botswana. The shortcomings of the labor market policies are responsible for a … high unemployment rate. This selected issues paper sheds considerable light on ways that Botswana can enhance inclusive … growth and reduce the high level of structural unemployment. Botswana was identified as having been able to sustain the …
Persistent link: https://www.econbiz.de/10014395662
The methodology used in this paper has three distinguishing features: the natural rate of unemployment and potential …
Persistent link: https://www.econbiz.de/10014396053