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China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been …
Persistent link: https://www.econbiz.de/10005252521
This Selected Issues paper examines the main factors explaining Ukraine’s growth performance so far, assesses whether the recent recovery is sustainable, and provides a quantitative analysis of long-term growth prospects. It finds that the recent recovery is not yet self-sustaining and...
Persistent link: https://www.econbiz.de/10005824979
This paper reviews economic developments in Lithuania during 1993–96. Economic growth resumed in 1994 and gained further momentum in 1995; real GDP increased by an estimated 3 percent in 1995. Growth in 1995 was driven by the industrial sector, while agriculture performed poorly. The...
Persistent link: https://www.econbiz.de/10005825020
World Bank, covering 160 countries in the period 1985-1994. First, the linkages between the propensity to export and … population, per capita income, agriculture, primary exports, and inflation are studied by statistical methods. Then, the … same way. The main conclusion is that, in the period under review, high inflation and an abundance of natural resources …
Persistent link: https://www.econbiz.de/10005826026
This study assesses the experience of the Common Monetary Area (CMA) based on available empirical evidence over the last two decades. It pays particular attention to member countries' adjustment to economic shocks in recent years and the inter-country linkages, including the spillover effects of...
Persistent link: https://www.econbiz.de/10005768930
Persistent link: https://www.econbiz.de/10005590873
The IMF's internal analysis of exchange rate issues has been guided by, and limited by, the conceptual and empirical frameworks that have emerged from the collective research of the economics profession. The research has provided several general approaches that are useful for assessing whether...
Persistent link: https://www.econbiz.de/10005590920
This 2004 Article IV Consultation highlights that the Libyan economy remains largely state controlled and heavily dependent on the oil sector. Since the lifting of the Libya-specific trade sanctions of the United Nation and United States in September 2003 and September 2004, respectively, the...
Persistent link: https://www.econbiz.de/10005591207
This paper emphasizes the distinction between two ‘monetary approaches to the balance of payments’, one developed in the IMF, the other under the leadership of Harry Johnson in Chicago. The IMF approach is presented as an evolutionary development of the Kahn/Keynes multiplier model in an...
Persistent link: https://www.econbiz.de/10005605086
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national …
Persistent link: https://www.econbiz.de/10011242223