Narrow search
Showing 1 - 10 of 286
Cover Image
Should African Monetary Unions Be Expanded? An Empirical Investigation of the Scope for Monetary Integration in Sub-Saharan Africa
Debrun, Xavier; Pattillo, Catherine A.; Masson, Paul R. - International Monetary Fund (IMF) - 2010
This paper develops a full-fledged cost-benefit analysis of monetary integration, and applies it to the currency unions actively pursued in Africa. The benefits of monetary union come from a more credible monetary policy, while the costs derive from real shock asymmetries and fiscal disparities....
Persistent link: https://www.econbiz.de/10008560420
Cover Image
Africa Rising: Harnessing the Demographic Dividend
Drummond, Paulo; Thakoor, Vimal; Yu, Shu - International Monetary Fund (IMF) - 2014
Africa will account for 80 percent of the projected 4 billion increase in the global population by 2100. The accompanying increase in its working age population creates a window of opportunity, which if properly harnessed, can translate into higher growth and yield a demographic dividend. We...
Persistent link: https://www.econbiz.de/10010959480
Cover Image
The Quest for Non-Resource-Based FDI: Do Taxes Matter?
Kinda, Tidiane - International Monetary Fund (IMF) - 2014
Using manufacturing and services firm-level data for 30 sub-Saharan African (SSA) countries, this paper shows that taxation is not a significant driver for the location of foreign firms in SSA, while other investment climate factors, such as infrastructure, human capital, and insitutions, are....
Persistent link: https://www.econbiz.de/10010790352
Cover Image
Increasing Productivity Growth in Middle Income Countries
Abdychev, Aidar; Jirasavetakul, La-Bhus Fah; Jonelis, … - International Monetary Fund (IMF) - 2015
contribution of total factor productivity (TFP) to growth is largely responsible for the slowdown in trend growth in many SMICs …, which highlights the need for policy actions to reinvigorate productivity growth. This paper explores the question of what … kind of structural policies could boost productivity growth in SMICs and the political economy factors that may be …
Persistent link: https://www.econbiz.de/10011123829
Cover Image
The Quality of the Recent High-Growth Episode in Sub-Saharan Africa
Martinez, Marcelo; Mlachila, Montfort - International Monetary Fund (IMF) - 2013
The paper explores the quality of the recent high-growth episode in sub-Saharan Africa by examining the following two questions: (i) what has been the nature and pattern of SSA growth over the past 15 years and how does it compare with previous episodes? (ii) has this growth had an impact on...
Persistent link: https://www.econbiz.de/10011123863
Cover Image
Regional Convergence in Latin America
Sutton, Bennett; Lindow, Genevieve; Serra, Maria Isabel; … - International Monetary Fund (IMF) - 2006
This paper presents empirical evidence on convergence of per capita output for regions within six large middle-income Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. It explores the role played by several exogenous sectoral shocks and differences in steady states...
Persistent link: https://www.econbiz.de/10005769080
Cover Image
Structural Transformation and the sophistication of Production
Spatafora, Nicola; Anand, Rahul; Mishra, Saurabh - International Monetary Fund (IMF) - 2012
A new dataset on export sophistication reveals that in many countries the importance of modern services, and the sophistication of manufactured and service exports, has increased over time. However, this trend was less pronounced in LICs. Sophisticated sectors are more likely to act as a...
Persistent link: https://www.econbiz.de/10009654173
Cover Image
Nicaragua; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2006
This Poverty Reduction Strategy Paper for Nicaragua reports that the most pressing demand for the majority of Nicaraguans is employment generation and economic growth. The National Development Plan (NDP) gives priority to actions that improve the investment climate and promote productive...
Persistent link: https://www.econbiz.de/10005591733
Cover Image
The Elusive Gains From International Financial Integration
Gourinchas, Pierre-Olivier; Jeanne, Olivier - International Monetary Fund (IMF) - 2004
from a take-off in domestic productivity of the magnitude observed in some of these countries. …
Persistent link: https://www.econbiz.de/10005605034
Cover Image
How Does Political Instability Affect Economic Growth?
Aisen, Ari; Veiga, Francisco José - International Monetary Fund (IMF) - 2011
rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom …
Persistent link: https://www.econbiz.de/10008839352