This paper studies the potential for the export sector to play a more important role in promoting growth in Central … America, Panama, and the Dominican Republic (CAPDR) through deeper intra-regional and global trade integration. CAPDR … countries have enacted many free trade agreements and other regional integration initiatives in recent years, but this paper …

This paper gauges the potential effects on employment of rebalancing China's exportoriented growth model toward … domestic demand, particularly private consumption. Shifting to a private consumption-led growth likely means more demand for … paper shows that while rebalancing China's growth toward a domestic-demand-led economy would likely raise aggregate e …

economic reforms: domestic finance, trade, and the capital account. Among these, domestic financial reforms, and trade reforms …, are robustly associated with economic growth, but only in middle-income countries. In contrast, we do not find any … systematic positive relationship between capital account liberalization and economic growth. Moreover, the effect of domestic …

In this paper, the IMF's new Global Economy Model (GEM) is used to estimate the contribution of unbalanced growth to … productivity growth in the tradable goods sector in Australia, New Zealand, and their major trading partners accounts for a … significant portion of the relative decline in the importance of goods production. Over the 1995 to 2004 period, unbalanced growth …

Potential Output is a key factor for debt sustaintability analysis and for developing strategies for growth, but … paper computes potential output for CAPDR countries using annual data. Main findings are: i) CAPDR potential growth is about … 4.4 percent while output gap volatility is about 1.9 percent; ii) The highest-potential growth country is Panama (6 …

that policy and insitutional variables, such as product market reforms, openness to trade, human and physical capital, and …