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support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to …
Persistent link: https://www.econbiz.de/10014411637
Persistent link: https://www.econbiz.de/10010441880
We identify key factors, from large set of potential determinants, that explain the variation in export diversification … diversification, followed by improving education outcomes at the secondary level and financial sector development …
Persistent link: https://www.econbiz.de/10012021886
It is typically assumed that countries in the Caribbean suffer from a lack of output and export diversification …
Persistent link: https://www.econbiz.de/10014399547
While the underlying methodologies continue to be widely debated and refined, there is little consensus on how to assess the equilibrium exchange rate of economies dominated by production of finite natural resources such as the oil economies of the Middle East. In part this is due to the...
Persistent link: https://www.econbiz.de/10014399271
The lack of a clear link between general economic fundamentals and export diversification indicators in the literature … find a strong statistical connection between horizontal policies and diversification by making two novel changes to … traditional methodologies: using export categories that lead to diversification (for example, manufactures) as dependent variables …
Persistent link: https://www.econbiz.de/10012518855
In this paper, we assess whether recent economic developments in Russia are symptomatic of Dutch Disease. We first provide a brief review of the literature on Dutch Disease and the natural resource curse. We then discuss the symptoms of Dutch Disease, which include (1) real exchange rate...
Persistent link: https://www.econbiz.de/10014400781
industries. The empirical analysis finds that export diversification may promote economic growth and reduce economic volatility … in these countries. Furthermore, the analysis demonstrates that the economic benefits of export diversification differ by …
Persistent link: https://www.econbiz.de/10012022019
We estimate the elasticity of private-sector employment to non-oil GDP in the Gulf Cooperation Council (GCC) for GCC nationals and expatriates using a Seemingly Unrelated Error Correction (SUREC) model. Our results indicate that the employment response is lower for nationals, who have an...
Persistent link: https://www.econbiz.de/10011373929
This paper provides empirical evidence that the size of the spillovers from U.S. monetary policy to non-oil GDP growth in the GCC countries depends on the level of oil prices. The potential channels through which oil prices could affect the effectiveness of monetary policy are discussed. We find...
Persistent link: https://www.econbiz.de/10012155248