The inclusiveness of growth depends on the extent of access to economic and social opportunities. This paper applies the concept of social opportunity function to ascertain the inclusiveness of growth episodes in selected African countries. Premised on the concept of social welfare function,...

This Selected Issues paper on Euro Area Policies underlies global rebalancing of accounts. From a growth-accounting perspective, slower growth in the capital-labor ratio seems to be the main driver behind the deceleration in labor productivity. The increase in bilateral trade was accompanied by...

This Selected Issues paper examines the role of information and communication technology (ICT) in the recent acceleration of labor productivity growth in the United States. The analysis reveals that the increase of total factor productivity (TFP) growth is a broad phenomenon that encompasses...

This paper explores the factors that have led to a Canada-U.S. productivity gap using a sectoral growth accounting approach. Both fiscal and monetary policies have had significant effects on the saving rate. The Canadian dollar’s appreciation was followed by a protracted period of...

This report on the Observance of Standards and Codes for Botswana highlights the Data Module and response by the authorities. National accounts are computed on an enterprise basis and where a full set of accounts is compiled. Data on financial accounts are captured but not fully analyzed because...

This paper examines Lesotho’s Poverty Reduction Strategy Paper (PRSP) Progress Report for the period between January and December 2002. The achievements demonstrate that the government of Lesotho has reaffirmed its commitment to a highly participatory approach and process of preparing a...