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Liberia; Enhanced Initiative for Heavily Indebted Poor Countries: Decision Point Document, Debt Sustainability Analysis, and Staff Supplement

International Monetary Fund (IMF); International … - 2008

This paper presents an assessment of Liberiaâ€™s eligibility and qualification for assistance under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The macroeconomic framework underlying the Debt Relief Analysis (DRA) in this paper was updated to reflect discussions on the...

Persistent link: https://www.econbiz.de/10011243207

Unlocking the relationship between capital flows and economic growth in a small open economy of Kenya: An empirical investigation

Adeola, Omolola Oluwatoyin; Aziakpono, Meshach Jesse - In: Cogent Economics & Finance 10 (2022) 1, pp. 1-24

This study examines the relative effects of the different types of international financial flows on economic performance in Kenya both in the long- and short-runs using the autoregressive distributed lag model (ARDL) bounds approach and data for the period 1970 to 2017. This is against the...

Persistent link: https://www.econbiz.de/10015074303

Chile; Institutions and Policies Underpinning Stability and Growth

Kalter, Eliot; Phillips, Steven; Singh, Manmohan; … - International Monetary Fund (IMF) - 2004

This paper presents the primary institutions and economic policies that have led to Chileâ€™s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully...

Persistent link: https://www.econbiz.de/10005767351

An Alternative Explanation for the Resource Curse; The Income Effect Channel

Alichi, Ali; Arezki, Rabah - International Monetary Fund (IMF) - 2009

The paper provides an alternative explanation for the "resource curse" based on the income effect resulting from high government current spending in resource rich economies. Using a simple life cycle framework, we show that private investment in the non-resource sector is adversely affected if...

Persistent link: https://www.econbiz.de/10008528647

The Elusive Gains From International Financial Integration

Gourinchas, Pierre-Olivier; Jeanne, Olivier - International Monetary Fund (IMF) - 2004

Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this...

Persistent link: https://www.econbiz.de/10005605034

Capital Flows to EU New Member States; Does Sector Destination Matter?

Mitra, Pritha - International Monetary Fund (IMF) - 2011

The recent boom-bust episode in Emerging Europe was largely the product of surges and sudden stops in capital inflows. This paper empirically argues that the sectors into which capital flows determines their impact on GDP growth. Applying data from EU New Member States, it is found that capital...

Persistent link: https://www.econbiz.de/10009019584

Financing Growth in the WAEMU Through the Regional Securities Market; Past Successes and Current Challenges

Diouf, Mame Astou; Boutin-Dufresne, Francois - International Monetary Fund (IMF) - 2012

The West African Economic and Monetary Union (WAEMU) regional securities market saw increasing activity in the last decade, but still fell short of supplying sufficient long-term financing for growth-enhancing public and private investment projects. In addition to providing an institutional...

Persistent link: https://www.econbiz.de/10011242273

India; 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India

International Monetary Fund (IMF); International … - 2011

In this study, economic developments of India are discussed. Growth is among the fastest-growing in the world, social indicators are improving, and medium-term economic prospects are favorable. The Reserve Bank of Indiaâ€™s (RBI) efforts are used to tighten monetary conditions. The measures...

Persistent link: https://www.econbiz.de/10011243216

Aid unpredictability and economic growth in Kenya

Ojiambo, Elphas; Oduor, Jacob; Mburu, Tom; Wawire, … - 2015

Persistent link: https://www.econbiz.de/10011376276

Does HIV/AIDS matter for economic growth in sub-Saharan Africa?

Mveyange, Anthony; Skovsgaard, Christian; Lesner, Tine - 2015

Estimating the impact of HIV/AIDS epidemic on economic growth is challenging because of endogeneity concerns. In this … paper, we use novel data on male circumcision and distance from the first HIV outbreak as instrumental variables for the HIV/AIDS … epidemic in 241 regions across 25 countries in sub-Saharan Africa during 2003-12. Our main finding shows that the impact of HIV/AIDS …

Persistent link: https://www.econbiz.de/10011336553