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Persistent link: https://www.econbiz.de/10009424793
We review the literature on Dutch disease, and document that shocks that trigger foreign exchange inflows (such as natural resource booms, surges in foreign aid, remittances, or capital inflows) appreciate the real exchange rate, generate factor reallocation, and reduce manufacturing output and...
Persistent link: https://www.econbiz.de/10014403243
Persistent link: https://www.econbiz.de/10009504203
This paper investigates the impact of long-run terms-of-trade shocks. Analytically, we show that, if capital goods are largely importable or the labor supply is sufficiently elastic, then natural-resource booms increase aggregate investment and worsen the current account, but Dutch ‘Disease’...
Persistent link: https://www.econbiz.de/10014400547
This selected issues paper on Indonesia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on August 21, 2012. The views expressed...
Persistent link: https://www.econbiz.de/10011243208
This paper describes economic developments in the People’s Republic of China during 1996–97. In 1996, the authorities …
Persistent link: https://www.econbiz.de/10014397253
to be put in place following the transfer of sovereignty over Hong Kong to China in 1997. International treaties between … Britain and China from the nineteenth century are reviewed. The paper discusses Hong Kong’s current and future constitutional …
Persistent link: https://www.econbiz.de/10014397256
This paper reviews macroeconomic developments in China in 1994 and 1995, in particular the progress achieved during …
Persistent link: https://www.econbiz.de/10014397264
This Selected Issues paper analyzes state-owned enterprise (SOE) development and reform in China. The paper discusses … rates of capacity utilization in some sectors. The paper also examines banking sector development and policy issues in China …
Persistent link: https://www.econbiz.de/10014397535
This Selected Issues paper examines the decline in the revenue-to-GDP ratio for the People’s Republic of China. In … common with most transition countries, China has experienced a sharp decline in fiscal revenues since the initiation of … China and reviews the factors behind the decline. It also compares China’s experience with that of other transition …
Persistent link: https://www.econbiz.de/10014397709