Intro -- Contents -- I. INTRODUCTION -- II. STRUCTURE OF THE ECONOMY -- III. TRENDS IN GDP AND PER CAPITA GDP GROWTH -- IV. GROWTH ACCOUNTING AND TOTAL FACTOR PRODUCTIVITY -- V. IMPLICATIONS FOR MEDIUM-TERM GROWTH -- VI. DETERMINANTS OF PRODUCTIVITY IN PAPUA NEW GUINEA -- VII. SUMMARY AND...

The present paper investigates whether tourism specialization is a viable strategy for development. We estimate standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques for a large cross-section of countries for the period...

This paper analyses economic implications and the transmission mechanisms of different options for creating and using fiscal space. For creating fiscal space, we consider prioritizing expenditures, raising revenue, and scaled-up aid. Fiscal space is used for increasing health and education...

While India’s growth has been strong in recent decades, its structural transformation remains incomplete. In this paper, we first take stock of India’s growth to date. We find that economic activity has shifted from agriculture to services, but agriculture remains the predominant employer....

Intro -- Contents -- I. INTRODUCTION -- II. MAGNITUDE, FINANCING, AND DISTRIBUTION OF CONSUMER SUBSIDIES -- III. COUNTRY CASE STUDIES -- IV. CONCLUDING REMARKS -- APPENDIX I. IDENTIFYING MAGNITUDE AND FINANCING OF FUEL SUBSIDIES -- APPENDIX II. EVALUATING SIZE AND DISTRIBUTION OF REAL INCOME...

Intro -- Contents -- I. INTRODUCTION -- II. DATA AND METHODOLOGY -- III. MODELING AND INTERPRETING THE EQUILIBRIUM REAL EXCHANGE RATE -- IV. ASSESSING THE EQUILIBRIUM REAL EXCHANGE RATE -- V. CONCLUSIONS -- Appendix: Methodological Problems with Smoothing -- REFERENCES.

Intro -- Contents -- I. INTRODUCTION -- II. MAJOR DEVELOPMENTS OF THE JORDANIAN CAPITAL MARKET -- III. LINKAGES OF THE ASE TO MAJOR ARAB, EMERGING, AND DEVELOPED STOCK MARKETS -- IV. STRENGTHS, VULNERABILITIES, AND MACROECONOMIC LINKAGES OF THE ASE -- V. CONCLUSIONS -- REFERENCES.