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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 … of trade growth enhances real output per capita, volatility exerts a negative impact on economic growth operating mainly …
Persistent link: https://www.econbiz.de/10014396933
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
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
also to slower growth in productivity. Itfinds that on average per capita GDP growth was slightly faster underfloating …
Persistent link: https://www.econbiz.de/10014399171
United States. This pamphlet analyzes the reasonsfor the extraordinary growth of the Chinese economy …
Persistent link: https://www.econbiz.de/10014403126
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 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
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
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