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The Pacific Speed of Growth; How Fast Can It Be and What Determines It?

Yang, Yongzheng; Chen, Hong; Singh, Shiu raj; Singh, Baljeet - International Monetary Fund (IMF) - 2013

lower investment and exports compared with other small island states, but greater political stability, catch-up effects from …

Persistent link: https://www.econbiz.de/10011242206

Labor Market Issues in the Caribbean: Scope to Mobilize Employment Growth

Kandil, Magda E.; Lindow, Genevieve; Mansilla, Mario; … - International Monetary Fund (IMF) - 2014

The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean … countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth … to major sources of labor market determinants, in the long and short run. The main determinants of employment include …

Persistent link: https://www.econbiz.de/10010800970

Small Island States in the Pacific; the Tyranny of Distance

Becker, Chris - International Monetary Fund (IMF) - 2012

This paper seeks to document key characteristics of small island states in the Pacific. It restricts itself to a limited number of indicators which are macro-orientated - population, fertility of land, ability to tap into economies of scale, income, and geographic isolation. It leaves aside...

Persistent link: https://www.econbiz.de/10011242221

Deciding to Enter a Monetary Union; TheRole of Trade and Financial Linkages

Lama, Ruy; Rabanal, Pau - International Monetary Fund (IMF) - 2012

This paper evaluates the role of trade and financial linkages in the decision to enter a monetary union. We estimate a two-country DSGE model for the U.K. economy and the euro area, and use the model to compute the welfare trade-offs from joining the euro. We evaluate two alternative scenarios....

Persistent link: https://www.econbiz.de/10011242323

Accelerating And Sustaining Growth; Economic and Political Lessons

Virmani, Arvind - International Monetary Fund (IMF) - 2012

The paper reviews and draws lessons from the experience of fast growing economies including a sub-set of these termed High Growth Economies (HGEs) with a decadal rate of over 7 per cent. It then reviews the history of the Indian growth acceleration following the reforms of the 1990s and its...

Persistent link: https://www.econbiz.de/10011242331

Testing the Prebisch-Singer Hypothesis since 1650; Evidence from Panel Techniques that Allow for Multiple Breaks

Arezki, Rabah; Hadri, Kaddour; Loungani, Prakash; Rao, Yao - International Monetary Fund (IMF) - 2013

In this paper, we re-examine two important aspects of the dynamics of relative primary commodity prices, namely the secular trend and the short run volatility. To do so, we employ 25 series, some of them starting as far back as 1650 and powerful panel data stationarity tests that allow for...

Persistent link: https://www.econbiz.de/10011242385

Are the Asia and Pacific Small States Different from Other Small States?

Tumbarello, Patrizia; Cabezon, Ezequiel; Wu, Yiqun - International Monetary Fund (IMF) - 2013

The small states of the Asia and Pacific region face unique challenges in raising their growth potential and living standards relative to other small states due to their small populations, geographical isolation and dispersion, narrow export and production bases, exposure to shocks, and heavy...

Persistent link: https://www.econbiz.de/10010790232

Trade Flows, Multilateral Resistance, and Firm Heterogeneity

Behar, Alberto; Nelson, Benjamin D. - International Monetary Fund (IMF) - 2012

We present a gravity model that accounts for multilateral resistance, firm heterogeneity and country-selection into trade, while accommodating asymmetries in trade flows. A new equation for the proportion of exporting firms takes a gravity form, such that the extensive margin is also affected by...

Persistent link: https://www.econbiz.de/10010790329

Growth Slowdowns and the Middle-Income Trap

Aiyar, Shekhar; Duval, Romain A; Puy, Damien; Wu, Yiqun; … - International Monetary Fund (IMF) - 2013

The “middle-income trap” is the phenomenon of hitherto rapidly growing economies stagnating at middle-income levels and failing to graduate into the ranks of high-income countries. In this study we examine the middle-income trap as a special case of growth slowdowns, which are identified as...

Persistent link: https://www.econbiz.de/10010790409

Regional Trade Arrangements in Africa; Past Performance and the Way Forward

Yang, Yongzheng; Gupta, Sanjeev - International Monetary Fund (IMF) - 2005

Regional trade arrangements (RTAs) in Africa have been ineffective in promoting trade and foreign direct investment. Relatively high external trade barriers and low resource complementarity between member countries limit both intra- and extraregional trade. Small market size, poor transport...

Persistent link: https://www.econbiz.de/10005768946