The effect of financial liberalization on private saving is theoretically ambiguous, not only because the link between interest rate levels and saving is itself ambiguous, but also because financial liberalization is a multi-dimensional and phased process, sometimes involving reversals. Some...

This paper investigates the impact of complementarity reforms on growth and how it depends on GDP per capita. Based on reform data for six policy areas compiled from various sources during the period 1994-2006 for over 100 countries, we compute composite indicators of reform level and...

This paper depicts the agricultural policy reforms and structural changes in Bangladesh from independence to the present times. Bangladesh agriculture has experienced major structural changes and achieved major successes over the last three and a half decades. Reforms began in the late 1970s and...

We examine the effects of the ‘natural resource curse’ on Chad and find little evidence for Dutch disease. Structural vector auto-regression suggests that changes in domestic output and prices are overwhelmingly determined by aggregate demand and supply shocks, and while oil production and...

The book presents a FOI model analysis of the OECD countries, and highlights some of their possible development paths.

We develop an empirical model allowing for the identification of four different resource mobilization climates describing the period between 1986 and 2002. Those climates are based on different constellations of gross capital formation and domestic savings rates: super investor (high savings,...

Has macroeconomic management succeeded in making privatization promote growth in Africa? What are the probable strategies that should accompany the privatization reform process to promote growth in Africa? To what extent has the privatization process succeeded in attracting foreign direct...

Hace un año, un grupo heterogéneo de investigadores del Centro de Investigación de la Universidad del Pacífico (CIUP) inició un esfuerzo colectivo para pensar en el futuro de nuestra economía y sociedad más allá del corto plazo. El trabajo que presentamos a continuación resume algunas...

We examine the effects of the ‘natural resource curse’ on Chad and find little evidence for Dutch disease. Structural vector auto-regression suggests that changes in domestic output and prices are overwhelmingly determined by aggregate demand and supply shocks, and while oil production and...

La reducción de la pobreza, que afecta a más de un tercio de la población en América Latina y el Caribe, es un objetivo prioritario de las políticas públicas. A partir de un breve diagnóstico de la pobreza, este artículo discute los elementos de una estrategia integral para reducirla,...