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Social Spending in Korea : Can it Foster Sustainable and Inclusive Growth?

Elekdag, Selim - 2012

Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly aging population and ameliorating income inequality. This paper argues that a gradual increase in social spending could promote more sustainable and inclusive growth in Korea....

Persistent link: https://www.econbiz.de/10014395619

Central America, Panama, and the Dominican Republic : Trade Integration and Economic Performance

Medina Cas, Stephanie - 2012

This paper studies the potential for the export sector to play a more important role in promoting growth in Central America, Panama, and the Dominican Republic (CAPDR) through deeper intra-regional and global trade integration. CAPDR countries have enacted many free trade agreements and other...

Persistent link: https://www.econbiz.de/10014395623

Caribbean Growth in an International Perspective : The Role of Tourism and Size

Thacker, Nita - 2012

is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant …

Persistent link: https://www.econbiz.de/10014395624

Tests of German Resilience

Bornhorst, Fabian - 2012

From its early post-war catch-up phase, Germany’s formidable export engine has been its consistent driver of growth. But Germany has almost equally consistently run current account surpluses. Exports have powered the dynamic phases and helped emerge from stagnation. Volatile external demand,...

Persistent link: https://www.econbiz.de/10014395625

Islamic Republic of Mauritania : Selected Issues Paper

International Monetary Fund - 2012

Despite a relatively high GDP growth rate over the past decade (2000–10), economic growth in Mauritania has not been able to make a significant dent in poverty. Rapid and sustained poverty reduction requires inclusive growth that allows people to contribute to and benefit from expanding...

Persistent link: https://www.econbiz.de/10014395655

Botswana : Selected Issues

International Monetary Fund - 2012

Poverty and unemployment remained high in Botswana. The shortcomings of the labor market policies are responsible for a high unemployment rate. This selected issues paper sheds considerable light on ways that Botswana can enhance inclusive growth and reduce the high level of structural...

Persistent link: https://www.econbiz.de/10014395662

Accelerating And Sustaining Growth : Economic and Political Lessons

Virmani, Arvind - 2012

The paper reviews and draws lessons from the experience of fast growing economies including a sub-set of these termed High Growth Economies (HGEs) with a decadal rate of over 7 per cent. It then reviews the history of the Indian growth acceleration following the reforms of the 1990s and its...

Persistent link: https://www.econbiz.de/10014395683

Can Policies Affect Employment Intensity of Growth? : A Cross-Country Analysis

Furceri, Davide - 2012

The aim of this paper is to provide new estimates of employment-output elasticities and assess the effect of structural and macroeocnomic policies on the employment-intensity of growth. Using an unbalanced panel of 167 countries over the period 1991 - 2009, the results suggest that structural...

Persistent link: https://www.econbiz.de/10014395704

Public Debt Dynamics : The Effects of Austerity, Inflation, and Growth Shocks

Hasanov, Fuad - 2012

We study how macroeconomic shocks affect U.S. public debt dynamics using a VAR with debt feedback. Following a fiscal austerity shock, the debt ratio initially declines and then returns to its pre-shock path. Yet, the effect is not statistically significant. In a weak economic environment, the...

Persistent link: https://www.econbiz.de/10014395714

Regional Economic Outlook, October 2012 : Sub-Saharan Africa: Maintaining Growth in an Uncertain World

International Monetary Fund / African Dept - 2012

Economic conditions in sub-Saharan Africa have remained generally robust despite a sluggish global economy. The near …-income countries are projected to continue to grow strongly, supported by domestic demand, including from investment. The outlook is … less favorable for many of the middle-income countries, especially South Africa, that are more closely linked to European …

Persistent link: https://www.econbiz.de/10014395739