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support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to …
Persistent link: https://www.econbiz.de/10011242377
that will need to be addressed for China to maintain sustained high growth and continued global integration. …
Persistent link: https://www.econbiz.de/10005252521
This paper elaborates on a number of key principles that need to underpin a coherent and development …
Persistent link: https://www.econbiz.de/10005826269
deficits; (ii) they run budget surpluses; (iii) the terms of trade improve; (iv) they are less open; and (v) GDP growth … declines. Monetary policy, financial development, per capita GDP, and the de jure exchange rate classification matter less …
Persistent link: https://www.econbiz.de/10005826402
We estimate the respective contributions of institutions, geography, and trade in determining cross-country income levels using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions "trumps" everything else. Controlling for institutions,...
Persistent link: https://www.econbiz.de/10005826539
This paper reviews major issues involved in achieving the objectives of the New Partnership for Africa's Development …
Persistent link: https://www.econbiz.de/10005768860
leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate … growth are tested explicitly. The possibility of endogeneity is addressed by constructing an instrument for trade by … that trade has a large and significant effect on the level of income, but the effect on income growth is small and non …
Persistent link: https://www.econbiz.de/10005769087
This 2004 Article IV Consultation highlights that the Libyan economy remains largely state controlled and heavily dependent on the oil sector. Since the lifting of the Libya-specific trade sanctions of the United Nation and United States in September 2003 and September 2004, respectively, the...
Persistent link: https://www.econbiz.de/10005591207
This paper analyzes developments in the structure of trade in the Commonwealth of Independent States (CIS) during the transition decade, and finds that it changed less than in other transition economies. Trade openness of the CIS increased between 1993 and 1997, but has fallen to a lower-level...
Persistent link: https://www.econbiz.de/10005604992
markets may adversely affect their own growth prospects. This paper examines the implications of China’s WTO accession for … other developing countries in the context of the country’s long-term process of growth and opening up. The paper argues that …
Persistent link: https://www.econbiz.de/10005605423