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The European Union and Developing Countries
  • Language: en
  • Pages: 240

The European Union and Developing Countries

The EU is the main trading partner of developing countries, and the main provider of development aid. The contributors to this book evaluate critical aspects of EU trade and aid policies in order to ascertain whether, and to what extent, they help promote growth and accelerate the development of the Third World.

Credit Cyclicality in Chile
  • Language: en
  • Pages: 23

Credit Cyclicality in Chile

This paper analyzes the determinants of credit cyclicality. It constructs a financial development index and studies whether it affects the amplitude of impulse responses to shocks to output, terms of trade, global liquidity, and global risk appetite. The paper uses both country-specific VARs for cross-country analyses and panel VARs to compare impulse responses between various country groupings. The study finds evidence that financial development-especially stronger creditor rights-can mitigate credit cyclicality, given that the response of credit to output or terms of trade shocks is stronger in countries with weaker financial systems.

Development Centre Studies Emerging Africa
  • Language: en
  • Pages: 234

Development Centre Studies Emerging Africa

This study analyses the factors underlying the renewed dynamism of certain African economies in the 1990s.

Ghana - Long Term Growth
  • Language: en
  • Pages: 118

Ghana - Long Term Growth

Ghana??'s independence in March 1957 was celebrated with great flourish. But more than a quarter century of increasingly chaotic political and economic turbulence followed. Eventually a major reform program was launched, but after fifteen years its success has been modest. The long-run economic and political records are both lackluster, each limiting the potential of the other. The question is, why has Ghana not achieved sustained and rapid long-term growth? This study seeks to provide an answer.

Development Centre Seminars Policies to Promote Competitiveness in Manufacturing in Sub-Saharan Africa
  • Language: en
  • Pages: 145

Development Centre Seminars Policies to Promote Competitiveness in Manufacturing in Sub-Saharan Africa

Primary commodities dominate African exports, yet these products are extremely vulnerable to variations in weather conditions, world demand and prices. If the continent is to obtain optimum benefit from the integration and opening of the world ...

Development Centre Seminars Reform and Growth in Africa
  • Language: en
  • Pages: 203

Development Centre Seminars Reform and Growth in Africa

What qualifies an economy as “emerging”? The answers provided in this book lead to a fresh conception of the diversity of the African continent. Thus, growth dynamics cannot simply be measured in economic terms. Indicators must also include ...

Annual World Bank Conference on Development Economics, 2006
  • Language: en
  • Pages: 250

Annual World Bank Conference on Development Economics, 2006

The Annual World Bank Conference on Development Economics (ABCDE) brings together the world's leading scholars and development practitioners for a lively debate on state-of-the-art thinking in development policy and the implications for the global economy. The 17th conference was held in Dakar, Senegal, on January 27, 2005. The theme of the conference was growth and integration, which was divided into five topics: growth and integration, financial reforms, economic development, trade and development, and investment climate.

Business Cycle Accounting For Chile
  • Language: en
  • Pages: 34

Business Cycle Accounting For Chile

We investigate sources of economic fluctuations in Chile during 1998-2007 within the framework of a standard neoclassical growth model with time-varying frictions (wedges). We analyze the relative importance of efficiency, labor, investment, and government/trade wedges for business cycles in Chile. The purpose of this exercise is twofold: (i) focus the policy discussion on the most important wedges in the economy; and (ii) identify which broad class of models would present fruitful avenues for further research. We find that different wedges have played different roles during our studied period, but that the efficiency and labor wedges have had the greatest impact. We also compare our results with existing studies on Argentina, Brazil, and Mexico.

Chile
  • Language: en
  • Pages: 35

Chile

This paper analyses the evolution of Chile's trade between 1990 and 2007, studying in particular the impact of trade liberalization in addition to traditional price and demand determinants. The results show that export and import flows are mainly responsive to external and domestic demand, and less so to relative prices, although there is a small impact on imports. In addition, the analysis suggests that trade liberalization may have played a role in increasing exports and imports. Estimations of trade elasticities for other countries in Latin America tend to confirm the results found for Chile.

Essays on African Growth, Productivity, and Trade
  • Language: en
  • Pages: 7

Essays on African Growth, Productivity, and Trade

  • Type: Book
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  • Published: 2005
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  • Publisher: Unknown

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