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Limited diversification is an underlying characteristic of many low-income countries (LICs). Concentration in sectors with limited scope for increases in productivity and quality may result in less broad-based and sustainable growth. Moreover, lack of diversification may increase exposure to...
Persistent link: https://www.econbiz.de/10011245889
This Selected Issues paper for Algeria analyzes the potential economic impact of Algeria’s Association Agreement with the European Union (AAEU). The paper lays out the major elements of Algeria’s AAEU and makes a comparison with other AAEUs. It discusses the potential economic...
Persistent link: https://www.econbiz.de/10011244528
We identify structural breaks in economic growth in 140 countries and use these to define "growth spells:" periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countries than...
Persistent link: https://www.econbiz.de/10008528657
Since EU accession, trade flows have exhibited strong dynamics in Central-Eastern Europe (CEE). During the period … and imports have evolved in CEE countries over 2002-07 and econometrically derives their contribution to trade, with a … rising trade market shares, go a long way toward accounting for trade developments in CEE countries until 2007, pointing to …
Persistent link: https://www.econbiz.de/10008528692
coordination to further promote trade and investment and developing a common human skills base with the PRD. Regional cooperation …
Persistent link: https://www.econbiz.de/10005599204
examines exchange-rate pass-through and external adjustment in the euro area. The impact on third-country trade and investment …
Persistent link: https://www.econbiz.de/10005824959
This paper focuses on the Staff-Monitored Program (SMP) for The Gambia. Understandings have been reached with the authorities on the SMP covering the period October 1, 2005 to March 31, 2006. Key objectives of the program include making progress toward fiscal sustainability, strengthening...
Persistent link: https://www.econbiz.de/10005825047
This Selected Issues paper for the Solomon Islands reviews budget trends in the past decade and assesses medium-term budget prospects. Aid flows and revenue from import tariffs and logging are projected to decline. Spending pressures are likely to pick up considerably, owing to the need to...
Persistent link: https://www.econbiz.de/10005825357
This Selected Issues paper and Statistical Appendix presents an overview of the fiscal developments in Mongolia since the late 1990s. It assesses the “quality†of the ongoing fiscal adjustment. The paper examines the dramatic expansion of bank credit to the private sector over the last...
Persistent link: https://www.econbiz.de/10005825533
of trade to estimate a panel cointegrating relationship between real exchange rates and a set of fundamentals for a …-based real exchange rate and commodity terms of trade. The estimated impact of productivity growth differentials between traded …
Persistent link: https://www.econbiz.de/10005825636