The study decomposes the sources of Chinese growth by first making a distinction between technological progress and technical efficiency in the growth accounting framework, and then identifying a series of reform programmes, such as urbanization, structural change, privatization, liberalization,...

The current account surplus of the People's Republic of China (PRC) has drawn much foreign and domestic attention. This paper focuses on the reasons and remedies for the PRC's current account surpluses. Rather than deploying the standard explanations, we argue that asymmetric market...

The global crisis of 2007-09 affected developing Asia largely through a decline in exports to the developed countries and a slowdown in remittances. This happened very quickly, and by 2009 there were already signs of recovery (except on the employment front). This recovery was led by China's...

Recent research has documented a positive relationship between real exchange rate (RER) levels and economic growth. The literature has interpreted this correlation as causality running from RER levels to growth rates; i.e., higher, undervalued, more competitive RERs tend to favor growth. Little...

Economy, society, environment and sometimes indicated institutional and political system - on these pillars is based the idea of sustainable development. The necessity for a global balance in these dimensions hinders the multidimensional approach of ideas. These difficulties increase when the...

In the report we analyse the reasons for the weakness of Finland’s economic performance over the past decade and assess the growth prospects in the coming 5 years. The weakness of Finland’s performance relative to comparative EU-countries since 2009 can largely be explained by the collapse...

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...

In this study, we derive a poverty-minimizing allocation rule, based on which we assess the povertyefficiency of actual aid allocations, with a special focus on the comparative impact of new donors and new non-aid flows. The results suggest a substantial misallocation of aid. Our benchmark...

Ce document propose un bilan factuel des Objectif du Millénaire pour le Développement (OMD) pour les Pays les Moins Avancés (PMA), les Pays en Développement Sans Littoral (PDSL) et les Petits Etats Insulaires en Développement (PEID), et compare les résultats obtenus par chaque catégorie...

Ce document propose une comparaison statistique des objectifs du développement durable (ODD) et de leurs principales cibles dans les PMA, les autres pays vulnérables et les autres pays en développement. Il se base sur les ODD proposés le 19 juillet 2014 par le Groupe de travail ouvert de...