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The Prospects for Sustained Growth in Africa; Benchmarking the Constraints

Subramanian, Arvind; Ostry, Jonathan David; Johnson, Simon - International Monetary Fund (IMF) - 2007

A dozen countries had weak institutions in 1960 and yet sustained high rates of growth subsequently. We use data on their characteristics early in the growth process to create benchmarks with which to evaluate potential constraints on sustained growth for sub-Saharan Africa. This analysis...

Persistent link: https://www.econbiz.de/10005768847

Changing Nature of North-South Linkages; Stylized Facts and Explanations

Akin, Çigdem; Kose, M. Ayhan - International Monetary Fund (IMF) - 2007

This paper examines the changing nature of growth spillovers between developed economies, the North, and developing countries, the South, driven by the process of globalization?the phenomenon of rising international trade and financial flows. We use a comprehensive database of macroeconomic and...

Persistent link: https://www.econbiz.de/10005769105

Development Aid and Economic Growth; A Positive Long-Run Relation

Reddy, Sanjay; Minoiu, Camelia - International Monetary Fund (IMF) - 2009

We analyze the growth impact of official development assistance to developing countries. Our approach is different from that of previous studies in two major ways. First, we disentangle the effects of two kinds of aid: developmental and non-developmental. Second, our specifications allow for the...

Persistent link: https://www.econbiz.de/10008528696

Decoding the Effects of Trade Volume and Trade Policies on Economic Growth: A Cross-Country Investigation

Rruka, Dardana - EconWPA - 2004

The study investigates the effects of trade volume and trade policies on economic growth. An extension of an earlier … more restrictive trade policies on economic growth is anticipated. Results are derived controlling for input factors … relating to economic growth as well as institutional policies. The dependent variable, economic growth, is measured in two ways …

Persistent link: https://www.econbiz.de/10005062649

The Dominican Republic; Stabilization, Structural Reform, and Economic Growth

Cardoso, Jaime; Young, Philip M. - International Monetary Fund (IMF) - 2002

Persistent link: https://www.econbiz.de/10005590873

International Trade, Distortions and Long-Run Economic Growth

Lee, Jong-Wha - International Monetary Fund (IMF) - 1992

requires both domestic and imported inputs. The model shows that trade distortions induced by such government policies as …

Persistent link: https://www.econbiz.de/10005599438

India in the 1980's and 1990's; A Triumph of Reforms

Panagariya, Arvind - International Monetary Fund (IMF) - 2004

Bradford DeLong and Dani Rodrik have argued that reforms in India cannot be credited with higher growth because the growth rate crossed the 5 percent mark in the 1980s, well before the launch of the July 1991 reforms. This is a wrong reading of the Indian experience for two reasons. First,...

Persistent link: https://www.econbiz.de/10005599677

Technological Adaptation, Trade, and Growth

Chong, Alberto; Zanforlin, L. - International Monetary Fund (IMF) - 2000

This paper extends Grossman and Helpman’s seminal work (1991), and presents an endogenous growth model where innovations created in a high-tech sector may be assimilated or adapted by a low-tech sector. Applying a simple Heckscher-Ohlin framework, the effects of technological diffusion are...

Persistent link: https://www.econbiz.de/10005599706

Pace and Sequencing of Economic Policies

Zalduendo, Juan - International Monetary Fund (IMF) - 2005

This paper examines the design of economic policies using factor analysis, which has several advantages; in particular … sequence of economic policies. Econometric results show that the introduction of sound economic policies has both level effects … following the introduction of new policies. In addition, the results suggest that growth strengthens when a country implements …

Persistent link: https://www.econbiz.de/10005605157

Globalization and Catching-Up; From Recession to Growth in Transition Economies

Kolodko, Gregorz W. - International Monetary Fund (IMF) - 2000

The transitional recession in countries of Eastern Europe and the Former Soviet Union has lasted much longer than expected. The legacy of the past and recent policy mistakes have both contributed to the slow progress. As structural reforms and gradual institution building have taken hold, the...

Persistent link: https://www.econbiz.de/10005605388