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Bivariate Assessments of Real Exchange Rates Using PPP Data

Zalduendo, Juan - 2008

This paper focuses on assessments of real exchange rates using PPP data and examines their limitations when these are based exclusively on bivariate estimations. It begins by presenting an analytical framework of the real exchange rate that shows that these estimations make many restrictive...

Persistent link: https://www.econbiz.de/10012677617

Is Russia Still Driving Regional Economic Growth?

Pani, Marco; Jafarov, Etibar; Shiells, Clinton R. - International Monetary Fund (IMF) - 2005

This paper investigates whether the linkages between economic growth in Russia and growth in other countries in the region have weakened over time, particularly following the 1998 Russian crisis. It specifies an econometric model that includes standard growth determinants as well as Russian...

Persistent link: https://www.econbiz.de/10005599404

Financial Deepening, Inequality, and Growth; A Model-Based Quantitative Evaluation

Townsend, Robert M.; Ueda, Kenichi - International Monetary Fund (IMF) - 2003

We propose a coherent unified approach to the study of the linkages among economic growth, financial structure, and inequality, bringing together disparate theoretical and empirical literature. That is, we show how to conduct model-based quantitative research on transitional paths. With...

Persistent link: https://www.econbiz.de/10005825597

The Myth of Post-Reform Income Stagnation

Carvalho Filho, Irineu E. - 2008

Economic policies are often judged by a handful of statistics, some of which may be biased during periods of change. We estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico, and find that changes in consumption patterns...

Persistent link: https://www.econbiz.de/10012677643

How Can Burundi Raise Its Growth Rate?The Impact of Civil Conflicts and State Intervention on Burundi's Growth Performance

Basdevant, Olivier - 2009

Over the last thirty years Burundi's low economic growth has led to a significant decline in per capita GDP. The purpose of this paper is to shed light on supply-side constraints that prevented Burundi's economy from growing faster. Lack of investment, civil conflict, economic inefficiencies,...

Persistent link: https://www.econbiz.de/10012677702

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...

Persistent link: https://www.econbiz.de/10012677704

Life Expectancy and Income Convergence in the World

Ueda, Kenichi - 2008

There is world-wide convergence in life expectancy, despite little convergence in GDP per capita. If one values longer … life much more than material happiness, the world living standards may this have already converged substantially. This … among countries. A conventional GDP-based measure remains a good approximation for (non) convergence in world living s …

Persistent link: https://www.econbiz.de/10012677614

International Income Convergence

Francois, Joseph F. - 2008

Persistent link: https://www.econbiz.de/10012682178

When is Economic Growth Pro-Poor? Experiences in Malaysia and Pakistan

Khan, Mahmood Hasan - International Monetary Fund (IMF) - 2002

This paper focuses on two central issues related to the contrasting experiences of Malaysia and Pakistan regarding poverty reduction. First, it examines the structure of economic growth and its proximate determinants in the two countries, including the initial conditions, institutional changes,...

Persistent link: https://www.econbiz.de/10005248163

Sources of Growth in Sub-Saharan Africa

Aka, Emmanuel Brou; Akitoby, Bernardin; Tahari, Amor; … - International Monetary Fund (IMF) - 2004

Analysis of 1960-2002 data shows that average real GDP growth in sub-Saharan Africa was low and decelerated continuously before starting to recover in the second part of the 1990s. Growth was driven primarily by factor accumulation with little role for total factor productivity (TFP) growth. The...

Persistent link: https://www.econbiz.de/10005248201

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