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Aid, Exports, and Growth; A Time-Series Perspective on the Dutch Disease Hypothesis
Kang, Joong Shik; Prati, Alessandro; Rebucci, Alessandro - International Monetary Fund (IMF) - 2013
We use a heterogeneous panel VAR model identified through factor analysis to study the dynamic response of exports …, imports, and per capita GDP growth to a “global” aid shock. We find that a global aid shock can affect exports, imports, and … ambiguous results in the existing literature. For most countries in the sample, when aid reduces exports and imports, it also …
Persistent link: https://www.econbiz.de/10011242264
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Constraints on Trade in the MENA region
Wolde, Hirut; Bhattacharya, Rina - International Monetary Fund (IMF) - 2010
, particularly on exports. We then go on to 'augment' the standard gravity model with relevant variables from the World Bank …
Persistent link: https://www.econbiz.de/10008519501
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Stabilization and Reforms in Latin America; A Macroeconomic Perspective of the Experience Since the 1990s
Belaisch, Agnes; Collyns, Charles; Masi, Paula De; … - International Monetary Fund (IMF) - 2005
This study examines external and domestic influences on Latin America’s economic performance over the past decade and a half. It notes that over the past few years, macroeconomic policies have strengthened and structural reforms have been implemented. Together with a favorable external...
Persistent link: https://www.econbiz.de/10005824870
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Volatility and Growth in Latin America; An Episodic Approach
Sahay, Ratna; Goyal, Rishi - International Monetary Fund (IMF) - 2006
This paper compares the pattern of macroeconomic volatility in 17 Latin American countries during episodes of high and low growth since 1970, examining in particular the role of policy volatility. Macroeconomic outcomes are distinguished from macroeconomic policies, structural reforms and...
Persistent link: https://www.econbiz.de/10005825787
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Foreign Exchange Intervention; A Shield Against Appreciation Winds?
International Monetary Fund (IMF); International … - 2011
This paper examines foreign exchange intervention practices and their effectiveness using a new qualitative and quantitative database for a panel of 15 economies covering 2004 - 10, with special focus on Latin America. Qualitatively, it examines institutional aspects such as declared motives,...
Persistent link: https://www.econbiz.de/10009203527
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Growth Slowdowns and the Middle-Income Trap
Aiyar, Shekhar; Duval, Romain A; Puy, Damien; Wu, Yiqun; … - International Monetary Fund (IMF) - 2013
The “middle-income trap” is the phenomenon of hitherto rapidly growing economies stagnating at middle-income levels and failing to graduate into the ranks of high-income countries. In this study we examine the middle-income trap as a special case of growth slowdowns, which are identified as...
Persistent link: https://www.econbiz.de/10010790409
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Will You Buy My Peg? the Credibility of a Fixed Exchange Rate Regime As a Determinant of Bilateral Trade
Jurzyk, Emilia Magdalena; Fritz-Krockow, Bernhard - International Monetary Fund (IMF) - 2004
This paper examines the relationship between fixed exchange rate arrangements and trade using a gravity model of international trade together with bilateral trade data from 24 countries from the Caribbean and Latin America for the period 1960-2001. The analysis indicates that a credible fixed...
Persistent link: https://www.econbiz.de/10005768826
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Regional Convergence in Latin America
Sutton, Bennett; Lindow, Genevieve; Serra, Maria Isabel; … - International Monetary Fund (IMF) - 2006
This paper presents empirical evidence on convergence of per capita output for regions within six large middle-income Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. It explores the role played by several exogenous sectoral shocks and differences in steady states...
Persistent link: https://www.econbiz.de/10005769080
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Growth and Reforms in Latin America; A Survey of Facts and Arguments
Zettelmeyer, Jeromin - International Monetary Fund (IMF) - 2006
This paper presents a number of facts about growth in Latin America, and shows how critical correlates of growth have evolved over time. In comparison with other regions, Latin America has consistently exhibited higher macroeconomic volatility, lower openness, and higher income inequality,...
Persistent link: https://www.econbiz.de/10005264118
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Export Spillovers from Global Shocks for the Middle East and Central Asia
Behar, Alberto; Espinosa-Bowen, Jaime - International Monetary Fund (IMF) - 2014
GDP indicate non-oil export volumes are relatively responsive while service exports are less responsive. Downward … Europe and emerging markets presents further downside risks for exports. The Maghreb countries are particularly sensitive to …
Persistent link: https://www.econbiz.de/10011142158