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the Botswana authorities paid off with an impressive increase in the GDP per capita during the last three decades. However …
Persistent link: https://www.econbiz.de/10011244588
Botswana. The output growth is expected to remain broadly unchanged in 2013 as strong nonmining sector growth would offset the …
Persistent link: https://www.econbiz.de/10011244723
Botswana has committed to introduce the MTEF by 2016. The MTEF will provide a more explicit linkage between National …
Persistent link: https://www.econbiz.de/10011245446
Botswana. The IMF report analyzes that large public employment significantly affect labor market outcomes in middle …-income countries, including Botswana. It is noted that reforms aimed at reducing the rents and the size of the public sector is likely … to significantly improve market outcomes in Botswana. As part of efforts to find new engines of growth and support …
Persistent link: https://www.econbiz.de/10011243359
Spillovers from South Africa into the other members of the Souther Africa Customs Union (known as the BLNS for Botstwana, Lesotho, Namibia, and Swaziland) are substantial reflecting sizeable real and financial interlinkages. However, shocks to real GDP growth in South Africa do not seem to...
Persistent link: https://www.econbiz.de/10011142106
Despite the external origin of the financial crisis, the potential impact on India’s corporate sector could be large, as India has become increasingly integrated with the global economy in the past decade. The Selected Issues paper discusses India’s economic development and...
Persistent link: https://www.econbiz.de/10011244625
This Selected Issues paper analyzes external shocks and business cycle fluctuations in Mexico. The paper examines the relative importance of U.S. demand shocks—and other foreign disturbances—in explaining Mexican output fluctuations. It identifies the dynamic response of...
Persistent link: https://www.econbiz.de/10011245436
Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these...
Persistent link: https://www.econbiz.de/10011245903
This paper studies asymptotically the bias of the fixed effect (FE) estimator induced by cross-section heterogeneity in the slope parameters of stationary vector autoregressions (VARs). The paper also compares the FE, the mean group estimator (MG), and a simple instrumental variable alternative...
Persistent link: https://www.econbiz.de/10005263898
We propose using a Bayesian time-varying coefficient model estimated with Markov chain-Monte Carlo methods to measure contagion empirically. The proposed measure works in the joint presence of heteroskedasticity and omitted variables and does not require knowledge of the timing of the crisis. It...
Persistent link: https://www.econbiz.de/10005263948