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Welfare Gains of Aid Indexation in Small Open Economies

Dhasmana, Anubha - 2008

with shortfalls in GDP and government revenues. This increases the consumption volatility in aid dependent countries … volatility. Compared to the benchmark specification with stochastic aid flows, indexation of aid flows to terms of trade sh …

Persistent link: https://www.econbiz.de/10012677584

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

This study aims to test within a relatively homogeneous group of small states what differentiates the growth performance of Pacific island countries (PICs) from their peers. We find that PICs are disadvantaged by distance and hampered by lower investment and exports compared with other small...

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

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

Explaining Episodes of Growth Accelerations, Decelerations, and Collapses in Western Africa

Salinas, Gonzalo - 2008

The growth literature has had problems explaining the ""sub-Saharan African growth dummy"" in cross-country regressions. Instead of taking the usual approach of focusing on long-run growth and assuming that sub-Saharan countries have homogenous parameters in growth regressions, we concentrate...

Persistent link: https://www.econbiz.de/10012677469

In Search of a Dramatic Equilibrium; Was the Armenian Dram Overvalued?

Oomes, Nienke; Stepanyan, Vahram; Minasyan, Gohar; … - International Monetary Fund (IMF) - 2009

This papers estimates the equilibrium exchange rate for Armenia using three different approaches: the purchasing power parity (PPP) approach, the behavioral equilibrium exchange rate (BEER) approach, and the external sustainability (ES) approach. All three approaches suggest that the dram was...

Persistent link: https://www.econbiz.de/10005825670

Estimating China's "Equilibrium" Real Exchange Rate

Li, Xiangming; Dunaway, Steven Vincent - International Monetary Fund (IMF) - 2005

The number of studies attempting to estimate the "equilibrium" real value of China's currency has proliferated in recent years as the country's presence in world markets has grown. These studies have sought to establish whether or not a significant part of China's competitive prowess can be...

Persistent link: https://www.econbiz.de/10005825966

Macroeconomic Effects of Pension Reform in Russia

Hauner, David - 2008

Putting the pension system on a sustainable footing arguably remains the biggest challenge in Russia's economic … paper fills this gap by simulating their macroeconomic effects in a DSGE model calibrated to Russia's economy-the first of …

Persistent link: https://www.econbiz.de/10012677651

Medium-term Macroeconomic Effects of Russia's War in Ukraine and How it Affects Energy Security and Global Emission Targets

Rojas-Romagosa, Hugo - 2024

Russia's war in Ukraine has disrupted the supply of natural gas for many European countries, triggering an energy …

Persistent link: https://www.econbiz.de/10015058730

The Economic Impacts on Germany of a Potential Russian Gas Shutoff

Lan, Ting - 2022

We analyze the potential impacts on the German economy of a complete and permanent shutoff of the remaining Russian natural gas supplies to Europe, accounting for the curtailment of flows through Nord Stream 1 that has already taken place. We find that such a scenario could lead to gas shortages...

Persistent link: https://www.econbiz.de/10015060253

Productive Capacities, Economic Vulnerability and Growth Volatility in Sub-Saharan Africa

Yaya, Aminou - 2024

resilience to shocks. This paper analyzes the effects of productive capacities on the volatility of economic growth in SSA … Generalized Method of Moments (GMM), the results show that economic vulnerability contributes to growth volatility in SSA. However … greater opportunities to mitigate the effect of economic vulnerability on growth volatility. Some specific dimensions of …

Persistent link: https://www.econbiz.de/10015328534