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, explain a large part of the diversity in savings behavior in Asia across eight countries as well as over time. Inflation and …
Persistent link: https://www.econbiz.de/10014396475
Aid for trade can support countries trying to further benefit from the expanding global market place by helping to address poorly performing infrastructure and institutions. Needless to say, good policies also matter: trade liberalization, improving incentives for private investment in trade,...
Persistent link: https://www.econbiz.de/10014409848
Persistent link: https://www.econbiz.de/10014410689
Despite the growing support for market-oriented strategies, and for a greater role of private investment, empirical growth models for developing countries typically make no distinction between the private and public components of investment. This paper sheds some light on this important issue by...
Persistent link: https://www.econbiz.de/10014396368
This paper develops a model merging the monetary approach to the balance of payments and a neoclassical growth model into a unified framework in which inflation, growth, and the balance of payments are simultaneously determined. The empirical part of the paper presents estimates of the key...
Persistent link: https://www.econbiz.de/10014396167
This 2005 Article IV Consultation highlights that the Algerian economy continues to benefit from abundant and increasing hydrocarbon revenues. Real GDP growth is expected to continue at about 5 percent in 2005, led by increased output in the hydrocarbon sector and sustained activity in the...
Persistent link: https://www.econbiz.de/10005825061
Prudent macroeconomic policies helped Turkey to achieve economic growth under the Stand-By Arrangement. Executive Directors welcomed this development and stressed the need to widen the account deficit. They emphasized the need of a strong budget, powerful monetary and fiscal policies, and...
Persistent link: https://www.econbiz.de/10011243536
Recoveries that occur in the absence of credit growth are often dubbed miracles and named after mythical creatures. Yet these are not rare animals, and are not always miracles. About one out of five recoveries is "creditless", and average growth during these episodes is about a third lower than...
Persistent link: https://www.econbiz.de/10008876578
The small states of the Asia and Pacific region face unique challenges in raising their growth potential and living …-cyclical. Within the Asia-Pacific small states group, the micro states are subject to more vulnerability and macroeconomic volatility … than the rest of the Asia-Pacific small states …
Persistent link: https://www.econbiz.de/10014410680
This paper presents an overview of the different methodologies that can be used to measure the amount of available slack in an economy. A comparison of these alternatives reveals that the evolution of the Nairu is crucial for understanding recent cyclical developments in the French economy. A...
Persistent link: https://www.econbiz.de/10014403325