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Spain's structural reforms, implemented around 2012, have arguably contributed to a faster and stronger economic recovery. In particular, there is strong evidence that the 2012 labor market reforms increased wage flexibility, which helped the Spanish economy to regain competitiveness and create...
Persistent link: https://www.econbiz.de/10012177582
reform process, and partly to the institutional design of the Kazakh treasury. Some design features are common for most well …
Persistent link: https://www.econbiz.de/10014399572
a methodology that accounts for positive spillovers between the structural reform areas, we estimate that even under the …
Persistent link: https://www.econbiz.de/10012604788
Structural conditionality of IMF-supported programs is designed to support structural reforms by countries borrowing from the IMF. Taking stock of program conditions and their implementation, this paper finds that conditionality focuses on fiscal, monetary and financial issues-areas where IMF...
Persistent link: https://www.econbiz.de/10012613388
The Cuban revolution and the subsequent US embargo on Cuba helped shape the tourism sector in the Caribbean … towards a change in US travel policy to Cuba is understandable, but likely unwarranted. The history of tourism in the region … that liberalizing US-Cuba tourism could result in US arrivals to Cuba of between 3 and 5.6 million, most of it coming from …
Persistent link: https://www.econbiz.de/10011704403
This study measures the impact of changing economic conditions in OECD countries on tourist arrivals to countries/destinations in Latin America and the Caribbean. A model of utility maximization across labor, consumption of goods and services at home, and consumption of tourism services across...
Persistent link: https://www.econbiz.de/10009487105
easing of restrictions on U.S. travel to Cuba, supported a small (countercyclical) boost to Cuba’s arrivals of U.S. non …-family travel, as well as a pre-existing surge in family travel (of Cuban origin). Despite the US becoming Cuba’s second highest …
Persistent link: https://www.econbiz.de/10014402905
The collapse of the Cuban economy following the cessation of Soviet assistance gave way to a strong recovery in 1994-96. There are three possible explanations for this recovery: (i) that it never took place; (ii) that it reflected a surge in productivity resulting from stabilization and...
Persistent link: https://www.econbiz.de/10014403633
substantially to stabilizing public debt. Alternatively, implementation of a fully-credible structural reform program can contribute …
Persistent link: https://www.econbiz.de/10011978382
This study investigates the likely macroeconomic impact of various structural reforms that align the Chilean regulatory framework with international best practices. In this context, the analysis: i) presents a comparison across a large set of structural indicators; ii) identifies policy gaps...
Persistent link: https://www.econbiz.de/10011978705