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The Selected Issues paper provides an overview of trends, performance export growth, value added, and employment, account of the structure and evolution of Lesotho's textiles during the decade through 2002, and discusses future prospects and key issues. It analyzes the implications of the...
Persistent link: https://www.econbiz.de/10005825028
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10005825260
This 2002 Article IV Consultation highlights that in 2001, overall real growth for Kuwait fell slightly as oil output dropped following OPEC-mandated production cuts. The real non-oil GDP growth decelerated to 0.5 percent from 1 percent in 2000 as the private sector investment remained broadly...
Persistent link: https://www.econbiz.de/10005825410
Spain has experienced income convergence consistently in the past decade, despite gradual losses in competitiveness. The empirical evidence indicates that overall EU enlargement offers a range of opportunities for Spain, points to potential pressures in specific sectors, and offers challenges,...
Persistent link: https://www.econbiz.de/10005825436
, loosely based upon China. We calibrate a benchmark equilibrium, and carry out various counterfactual simulations to analyze …
Persistent link: https://www.econbiz.de/10005825678
The recent wave of foreign investment in China's banks and the prospects of further opening of the banking sector under … the WTO agreement suggest that foreign banks are likely to play an increasingly important role in China. This paper takes … investments in China's banks have been minority shareholdings with very limited management involvement. The paper concludes that …
Persistent link: https://www.econbiz.de/10005825702
The paper investigates whether the market size of a regional trade agreement (RTA) is a determinant of foreign direct investment (FDI) received by countries participating in the RTA. This hypothesis is tested on a sample of 71 developing countries during the period 1980-99. Evidence is found...
Persistent link: https://www.econbiz.de/10005825720
We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marginal product of labor elicits increases in employment and output rather than only...
Persistent link: https://www.econbiz.de/10005825815
A widespread view holds that countries that finance themselves through foreign direct investment (FDI) and portfolio equity, rather than bonds and loans, are less prone to crises. But what determines countries' external capital structures? In a cross section of emerging markets and developing...
Persistent link: https://www.econbiz.de/10005825936
This paper investigates the determinants of private investment in Pakistan with special emphasis on the impact of government investment. Using annual data for the period 1973/74-1991/92, it is estimated that private investment was positively correlated to GDP growth, to credit extended to the...
Persistent link: https://www.econbiz.de/10005826160