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This Selected Issues paper on Euro Area Policies underlies global rebalancing of accounts. From a growth-accounting perspective, slower growth in the capital-labor ratio seems to be the main driver behind the deceleration in labor productivity. The increase in bilateral trade was accompanied by...
Persistent link: https://www.econbiz.de/10005825029
This Selected Issues paper examines the role of information and communication technology (ICT) in the recent … (TFP) growth is a broad phenomenon that encompasses non-ICT producing sectors, consistent with the view that ICT is a â …€œgeneral purpose technology.†The paper investigates whether the productivity boom may have dampened employment in recent years. It …
Persistent link: https://www.econbiz.de/10005825041
growth can be sustained. It suggests that Aruba should aim to finance its renewable energy and other future growth …
Persistent link: https://www.econbiz.de/10011245149
Like most Sub-Saharan African countries, Kenya’s economic growth appears to have been primarily driven by factor accumulation. The Selected Issues paper and Statistical Appendix for Kenya examines economic developments and policies. During the last two decades, Kenya has been plagued by...
Persistent link: https://www.econbiz.de/10011244155
This Selected Issues paper on Canada examines economic development and policies. Capital ratios before the crisis have been a key determinant of bank performance during the turmoil; and Canadian banks had ample capital. Specifically, most banks with critically low capital at end-2006 later...
Persistent link: https://www.econbiz.de/10011244253
The challenge of achieving broad-based growth in Lesotho is discussed. Economic growth is inconsistent. Lesotho is highly dependent on trade with South Africa. The sources of growth in Lesotho using a social accounting matrix model and a growth-accounting framework are outlined. The main...
Persistent link: https://www.econbiz.de/10011244287
This Selected Issues paper analyzes Jamaica’s experience of low growth despite consistently high investment rates. It …€™s debt management strategy and its optimal debt structure. It also reviews the institutional framework for debt management in …
Persistent link: https://www.econbiz.de/10011244350
examines the sources of growth. It discusses the evolution of the hydrocarbon sector, its importance in the economy, and … reforms. It also analyzes the intergovernmental fiscal relations system and changes to the revenue sharing arrangements, and … suggests possible areas for reform. It assesses measures of reserve adequacy in Bolivia and also provides a look at the …
Persistent link: https://www.econbiz.de/10011244428
Paraguay’s economy recently experienced particularly large output swings. Economic policies will play a critical role in raising investment by making sure that macroeconomic stability is maintained. The spillovers from the agricultural sector to the rest of the economy are limited. The...
Persistent link: https://www.econbiz.de/10011244461
This chapter reviews developments in GDP over the past several decades. The analysis shows that accumulation of labor and capital explains the bulk of overall output growth since 1990, with changes in total factor productivity playing only a minor role. Moreover, while increases in total factor...
Persistent link: https://www.econbiz.de/10011244822