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Why Isn't South Africa Growing Faster? A Comparative Approach
Eyraud, Luc - 2009
The purpose of this paper is to examine factors that have constrained South Africa's growth since the end of apartheid … by comparing its GDP components and its saving and investment performance with those of 10 faster-growing countries. The … study finds that sluggish investment has undermined growth since 1996 and that the underinvestment is in part explained by …
Persistent link: https://www.econbiz.de/10012677704
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Financial Development, Financial Fragility, and Growth
Loayza, Norman; Ranciere, Romain - International Monetary Fund (IMF) - 2005
This paper studies the apparent contradictions between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic credit...
Persistent link: https://www.econbiz.de/10005263861
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Recent Credit Stagnation in the Mena Region; What to Expect? What Can Be Done?
Chami, Ralph; Espinoza, Raphael A.; Barajas, Adolfo; … - International Monetary Fund (IMF) - 2010
This paper examines the recent credit slowdown among Middle Eastern and North African (MENA) countries from three analytical angles. First, it finds that, similar to other regions and to its past history, a credit boom preceded the current slowdown, and that a protracted period of sluggish...
Persistent link: https://www.econbiz.de/10008671284
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Mother, Can I Trust the Government? Sustained Financial Deepening; A Political Institutionsview
Quintyn, Marc; Verdier, Geneviève - International Monetary Fund (IMF) - 2010
Only a minority of countries have succeeded in establishing a developed financial system, despite widespread financial liberalization. Confronted with this finding, the political institutions view claims that sustained financial deepening is most likely to take place in institutional...
Persistent link: https://www.econbiz.de/10008671297
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Determinants of Bank Credit in Emerging Market Economies
Stepanyan, Vahram; Guo, Kai - International Monetary Fund (IMF) - 2011
We examine changes in bank credit across a wide range of emerging market economies during the last decade. The rich time-series and cross-section information allows us to draw broader lessons compared to many existing researches, which focus on a specific set of emerging market economies or on...
Persistent link: https://www.econbiz.de/10008876590
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Financial Inclusion, Growth and Inequality: A Model Application to Colombia
Karpowicz, Izabela - International Monetary Fund (IMF) - 2014
Financial inclusion has been one of the key pillars of Colombia’s development strategy for a number of years. Financial inclusion policies have aimed at channeling microcredit to poor, spreading formal banking system usage, fostering electronic payment acceptance, and making financial...
Persistent link: https://www.econbiz.de/10011142110
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Inward and Outward Spillovers in the SACU Area
Kriljenko, Jorge Iván Canales; Gwenhamo, Farayi; … - International Monetary Fund (IMF) - 2013
Spillovers from South Africa into the other members of the Souther Africa Customs Union (known as the BLNS for …, shocks to real GDP growth in South Africa do not seem to systematically affect growth developments in BLNS countries as a …
Persistent link: https://www.econbiz.de/10011142106
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Determinants of growth spells : is Africa different?
Tsangarides, Charalambos G. - 2012
Do growth spells in Africa end because of bad realizations of the same factors that influence growth spells in the rest … spells in Africa and the rest of the world using Bayesian Mode Averaging techniques for proportional hazards models. We …
Persistent link: https://www.econbiz.de/10009622458
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Africa Rising: Harnessing the Demographic Dividend
Drummond, Paulo; Thakoor, Vimal; Yu, Shu - International Monetary Fund (IMF) - 2014
Africa will account for 80 percent of the projected 4 billion increase in the global population by 2100. The …
Persistent link: https://www.econbiz.de/10010959480
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Inclusive Growth : An Application of the Social Opportunity Function to Selected African Countries
Adedeji, Olumuyiwa S. - 2013
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,...
Persistent link: https://www.econbiz.de/10014409421