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The Rising Resilience of Emerging Market and Developing Economies
Abiad, Abdul; Bluedorn, John C; Guajardo, Jaime; … - International Monetary Fund (IMF) - 2012
Economic performance in many emerging market and developing economies (EMDEs) improved substantially over the past twenty years. The past decade was particularly good—for the first time EMDEs spent more time in expansion and had smaller downturns thanadvanced economies. In this paper we...
Persistent link: https://www.econbiz.de/10011142060
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The Development of Local Capital Markets: Rationale and Challenges
Laeven, Luc - International Monetary Fund (IMF) - 2014
literature on the benefits and costs of developing local capital markets, and describes the challenges faced in the development …
Persistent link: https://www.econbiz.de/10011106149
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Income and Democracy; Lipset's Law Revisited
Hoeffler, Anke; Bates, Robert H.; Fayad, Ghada - International Monetary Fund (IMF) - 2012
We revisit Lipset‘s law, which posits a positive and significant relationship between income and democracy. Using dynamic and heterogeneous panel data estimation techniques, we find a significant and negative relationship between income and democracy: higher/lower incomes per capita...
Persistent link: https://www.econbiz.de/10011242229
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The Growth Comeback in Developing Economies; A New Hope or Back to the Future?
Bluedorn, John C; Duttagupta, Rupa; Guajardo, Jaime; … - International Monetary Fund (IMF) - 2013
Growth takeoffs in developing economies have rebounded in the past two decades. Although recent takeoffs have lasted longer than takeoffs before the 1990s, a key question is whether they could unravel like some did in the past. This paper finds that recent takeoffs are associated with stronger...
Persistent link: https://www.econbiz.de/10011242243
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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
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Soaring of the Gulf Falcons: Diversification in the GCC Oil Exporters in Seven Propositions
Cherif, Reda; Hasanov, Fuad - International Monetary Fund (IMF) - 2014
A key priority for the Gulf Cooperation Council (GCC) countries is to create a dynamic non-oil tradable sector to support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to diversify away from oil stems mainly from market...
Persistent link: https://www.econbiz.de/10011242377
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Public Investment in Resource-Abundant Developing Countries
Berg, Andrew; Portillo, Rafael; Yang, Shu-Chun S.; … - International Monetary Fund (IMF) - 2012
Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax revenue mobilization problems. This paper develops a dynamic stochastic small open economy model to analyze the macroeconomic effects of...
Persistent link: https://www.econbiz.de/10010790256
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Searching for the Finance-Growth Nexus in Libya
Cevik, Serhan; Rahmati, Mohammad - International Monetary Fund (IMF) - 2013
This paper investigates the causal relationship between financial development and economic growth in Libya during the … financial development has a statistically significant negative effect on real nonhydrocarbon GDP per capita growth. However, the …
Persistent link: https://www.econbiz.de/10010790327
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Does Openness Matter for Financial Development in Africa?
David, Antonio; Mlachila, Montfort; Moheeput, Ashwin - International Monetary Fund (IMF) - 2014
This paper analyzes the links between financial and trade openness and financial development in Sub-Saharan African … a general direct robust link between trade and capital account openness and financial development in SSA, once we … important for financial development in countries with better institutional quality. The findings might be due to a number of …
Persistent link: https://www.econbiz.de/10010790350
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The New Partnership for Africa's Development (NEPAD) Opportunities and Challenges
Nsouli, Saleh M.; Funke, Norbert - International Monetary Fund (IMF) - 2003
This paper reviews major issues involved in achieving the objectives of the New Partnership for Africa's Development …
Persistent link: https://www.econbiz.de/10005768860