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The stylized fact that strong economic growth is usually accompanied with strong export growth leads many people to … conclude that the export sector is the main driving force behind those episodes. The model in this paper, however, shows that … the non-tradable sector may also generate high economic growth together with high export growth. Evidence shows that out …
Persistent link: https://www.econbiz.de/10005253003
The export performance of Sub-Saharan Africa has lagged behind that of developing countries in other regions for the … past two decades, and total export proceeds have fallen significantly since 1980. Many factors explain this outcome … new agricultural products and light manufactures could boost export earnings, but only if the region can compete …
Persistent link: https://www.econbiz.de/10005264058
liberalization in addition to traditional price and demand determinants. The results show that export and import flows are mainly …
Persistent link: https://www.econbiz.de/10005825996
This paper investigates the factors behind the significant improvement in Brazil's external accounts and wide fluctuations of the real exchange rate since the floating of the real in 1999. Particular attention is devoted to the strong appreciation of the real from 2003-05. Econometric estimates...
Persistent link: https://www.econbiz.de/10005263706
The government of Rwanda has recognized that economic development in most areas would have to be the responsibility of the private sector (particularly since military and civil service employment would be reduced), but that the public sector could still have a role in promoting economic equality...
Persistent link: https://www.econbiz.de/10005591453
This paper provides econometric estimates of trade elasticities for Brazil obtained through cointegration and vector auto regression models and controlling for the effects of exchange rate volatility, capacity utilization, and changes in import tariffs. The results suggest that (i) recent market...
Persistent link: https://www.econbiz.de/10005605105
Strong economic fundamentals helped Panama contain the adverse impact of the global economic downturn and financial turmoil. The 2009 Article IV Consultation highlights that real GDP of Panama in 2008 grew by 9.2 percent. Panama’s large banking system has weathered the global financial...
Persistent link: https://www.econbiz.de/10011244189
This Selected Issues paper on Kenya reviews Kenya’s external stability in a context where the exchange rate has strengthened and capital inflows are playing an increasingly important role. Kenya’s external current account deficit has widened, reflecting strong import volumes as...
Persistent link: https://www.econbiz.de/10011244282
This Selected Issues paper analyzes Portugal’s export performance in 2006 and assesses whether it might augur a … sustained recovery. The paper examines the factors underlying the recent export rebound, and searches for signs of fundamental … changes in structures of the export industries during the last decade. It highlights the importance of labor market …
Persistent link: https://www.econbiz.de/10011244471
This Selected Issues paper for the former Yugoslav Republic of Macedonia is examined. Real GDP growth accelerated to 5 percent in 2007 and 6 percent in the first half of 2008, from its historical average of about 3 percent. Increased investment, partly financed by FDI, is the main driver...
Persistent link: https://www.econbiz.de/10011244556