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An influential theoretical literature has observed that economic diversification can reduce risk and increase financial development. But causality operates in both directions, as a well functioning financial system can enable a society to invest in more productive but risky projects, thereby...
Persistent link: https://www.econbiz.de/10005825840
This Selected Issues paper examines external developments and competitiveness in France. Over the past decade, the … France lost ground in goods trade and services recorded just a slight increase in global market shares. The slight …
Persistent link: https://www.econbiz.de/10011244236
The 2012 Article IV Consultation with France discusses the financial and economic conditions of the country. Although … France weathered the 2008 financial and subsequent euro area crises relatively well compared with other advanced countries …, its recovery has been sluggish. France has become a less open economy and reported a steady loss of export market share …
Persistent link: https://www.econbiz.de/10011244581
The paper identifies France’s structural reforms that would yield the largest competitiveness gains based on macro-empirical evidence, and reviews signs of potential gains from a deregulation of the services sector. It is expected that completing deregulation in the services sector would...
Persistent link: https://www.econbiz.de/10011245240
This 2014 Article IV Consultation highlights that the economy of France fared better than most other large euro areas …
Persistent link: https://www.econbiz.de/10011245834
This 2013 Article IV Consultation highlights that in a context of weakening economic conditions in Europe and sizeable fiscal consolidation and domestic policy uncertainty, the French economy flat lined in 2012. However, recent improvements in economic indicators support the expectation of a...
Persistent link: https://www.econbiz.de/10011242471
countries in the West African Economic and Monetary Union (WAEMU). In an attempt to address econometric estimation uncertainty …
Persistent link: https://www.econbiz.de/10005826283
This paper reports on the economic and financial reforms in Guinea-Bissau. After a long period of recession since the beginning of 2000 followed by a slight recovery in 2007, the economy of Guinea-Bissau has entered a new growth spurt in 2008. The budget deficit, which averaged 10 percent of GDP...
Persistent link: https://www.econbiz.de/10011245121
Economists interested in location choices usually focus their attention on investments abroad. This neglects the fact that multinational enterprises continue to invest domestically while undertaking foreign expansion. This paper compares investments at home and abroad. Our firm-level dataset...
Persistent link: https://www.econbiz.de/10011242345
This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in accelerating economic growth in low-income countries. It looks at big long-lasting drives in public capital spending, as these were arguably clear and exogenous policy decisions. On...
Persistent link: https://www.econbiz.de/10010959467