Showing 1 - 10 of 1,451
Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such a relationship exists. The empirical analysis is based on data from four different sources for up to 120 countries in the period 1985–98. The association between military...
Persistent link: https://www.econbiz.de/10014399916
United States. This pamphlet analyzes the reasonsfor the extraordinary growth of the Chinese economy …
Persistent link: https://www.econbiz.de/10014403126
This Selected Issues paper on the Kingdom of Lesotho reviews the broad objectives and key institutional features of the Common Monetary Area (CMA) relating to currency arrangements. The CMA Agreement provides for the three small member countries to have access to South African capital and money...
Persistent link: https://www.econbiz.de/10014405576
economy, the recovery of growth has remained elusive. This paper reviews some aspects of Mexico’s recent performance and … among the factors that have contributed most to delaying the private sector’s investment response and preventing a … sustainable recovery. The paper also assesses future growth prospects and resource mobilization needs, based on a growth model …
Persistent link: https://www.econbiz.de/10014396459
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well … 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
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395953
Enhancing public and private investment, but also ensuring that this translates into higher growth and employment, have … generating growth. Private investment, particularly foreign direct investment (FDI), has underperformed significantly. And while … long been key policy challenges in Arab countries. Reflecting an improvement in policies and global conditions, investment …
Persistent link: https://www.econbiz.de/10014408616
growth models for developing countries typically make no distinction between the private and public components of investment …, and the results support the notion that private investment has a larger direct effect on growth than does public …Despite the growing support for market-oriented strategies, and for a greater role of private investment, empirical …
Persistent link: https://www.econbiz.de/10014396368
growth-accounting framework are outlined. The main constraints to growth and private investment and current policy initiative … to promote broad-based growth and private investment are analyzed. The various methods employed suggest that there is …The challenge of achieving broad-based growth in Lesotho is discussed. Economic growth is inconsistent. Lesotho is …
Persistent link: https://www.econbiz.de/10014405058
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