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energy prices, we find electricity prices––relative to oil and gas––to be more important in the manufacturing process …, with a one standard deviation reduction in electricity prices leading to a 2.8 percent increase in manufacturing output …. Our estimated elasticities together with plausible reductions in electricity tariffs derived from the energy reform, could …
Persistent link: https://www.econbiz.de/10011242302
This paper investigates the causal relationship between financial development and economic growth in Libya during the period 1970–2010. The empirical results vary with estimation methodology and model specification, but indicate the lack of long-run relationship between financial...
Persistent link: https://www.econbiz.de/10010790327
The Poverty Reduction Strategy Paper (PRSP) has been prepared in a context of major political changes. Interim PRSP has come in the midst of a difficult economic situation, marked by falling output and incomes. The strategy seeks to strengthen the processes of consolidating peace and security;...
Persistent link: https://www.econbiz.de/10005591618
This paper examines Lesotho’s Poverty Reduction Strategy Paper (PRSP) Progress Report for the period between January and December 2002. The achievements demonstrate that the government of Lesotho has reaffirmed its commitment to a highly participatory approach and process of preparing a...
Persistent link: https://www.econbiz.de/10005825251
This paper on Poverty Reduction Strategy Papers on Guinea explains medium-term development framework to achieve Millennium Development Goals and fulfill the authorities’ vision of Guinea as an emerging economy in 15 to 25 years, respectful of human rights and gender equality and...
Persistent link: https://www.econbiz.de/10011242909
This document presents a profile of poverty, and indicates briefly the stakes and challenges involved, using available quantitative and qualitative data to specify the targeted objectives to be reached. Actions to be taken are then positioned within a macroeconomic framework for which short- and...
Persistent link: https://www.econbiz.de/10011243371
Despite a relatively high GDP growth rate over the past decade (2000–10), economic growth in Mauritania has not been able to make a significant dent in poverty. Rapid and sustained poverty reduction requires inclusive growth that allows people to contribute to and benefit from expanding...
Persistent link: https://www.econbiz.de/10011243832
This Joint Staff Advisory Note (JSAN) reviews Togo's Interim-Poverty Reduction Strategy Paper (I-PRSP), which is aimed to strengthen political and economic governance, support economic recovery, and reduce poverty. The I-PRSP recognizes challenges to achieve the MDGs and the risks to its...
Persistent link: https://www.econbiz.de/10011244238
This paper discusses Poverty Reduction Strategy Paper (PRSP) 2007–11 for The Gambia. PRSP II builds on the long-term development Vision 2020 of The Gambia. It also takes cognizance of the fact that implementation of PRSP I suffered from revenue shortfalls as the IMF suspended its program...
Persistent link: https://www.econbiz.de/10011244972
A key challenge of the macroeconomic program is to increase domestic revenue mobilization to help support the higher levels of public spending for investment and basic services. For the current fiscal year, the authorities are developing a supplemental budget to reprogram existing budgetary...
Persistent link: https://www.econbiz.de/10011245259