This paper investigates the linkages between oil and growth in Congo, where there appears to be no evidence of direct … spillover effects. The empirical results suggest however that political instability has a negative effect on non-oil growth, and … results also show that fiscal discipline is beneficial for growth. In addition, there are strong linkages between world oil …

This study examines the nature of the growth process in the ASEAN countries, and particularly whether it has been … impressive growth rate of TFP in Singapore, Thailand, and Malaysia, a relatively strong rate for Indonesia, and a negative rate …

Private investment is the principal transmission channel through which fiscal policy affects growth in high … some four times more effective than investment as a channel for increasing growth through fiscal policy. Although the … growth …

This paper examines how growth has varied across India''s states. It finds that (i) the income gap between rich and … poor states has widened; (ii) rich and faster-growing states have been more effective in reducing poverty; (iii) poor and … close income gaps; and (v) the volatility in economic growth is greatest in poor states. Differences in states'' policies …

The paper analyzes Jamaica''s experience of low growth despite consistently high investment. Cross-country analysis … provides evidence of a significant and negative relationship between total public debt and productivity growth. Looking at the … specific channels through which high debt affects productivity growth and the allocation of resources in Jamaica, the study …

In this paper, the IMF''s new Global Economy Model (GEM) is used to estimate the contribution of unbalanced growth to … productivity growth in the tradable goods sector in Australia, New Zealand, and their major trading partners accounts for a … significant portion of the relative decline in the importance of goods production. Over the 1995 to 2004 period, unbalanced growth …

Following very strong growth during the period 2000-12, emerging market economies (EMEs) experienced a slowdown in the … last couple of years. This paper examines the supply-side drivers of the strong growth performance of 63 EMEs and … investigates if the recent slowdown in growth is transitory or a more permanent phenomenon. We find that on average the recent …

growth …