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  • 1
    Language: English
    Pages: Online-Ressource (70 p)
    Edition: 2010 World Bank eLibrary
    Parallel Title: Moreira, Emmanuel Pinto Till Geography Do Us Part ?
    Abstract: This paper offers a preliminary assessment of the potential benefits and costs of an economic and monetary union (EMU) between the Dominican Republic and Haiti - two countries sharing the same island but whose history is one of conflict and divergent economic prospects in recent decades. After a brief review of the historical context, it examines the nature of these potential benefits and costs. It then conducts a preliminary analysis (using basic statistical techniques) of some key criteria for the formation of an economic and monetary union between the two countries. A more formal analysis of business cycle synchronization, based on basic and extended integrated vector auto-regression models with exogenous variables (VARX), is developed next. Overall, the analysis suggests that at this stage several economic criteria are not satisfied for the two countries to fully benefit from an economic and monetary union. At the same time, however, the endogeneity of most of these criteria (including the degree of business cycle synchronization) militates in favor of an aggressive medium-term agenda for integration between them
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  • 2
    Language: English
    Pages: Online-Ressource (45 p)
    Edition: 2010 World Bank eLibrary
    Parallel Title: Moreira, Emmanuel Pinto Aid for Trade, Infrastructure, and the Growth Effects of Trade Reform
    Abstract: This paper examines how aid-for-trade programs can help to magnify the growth benefits that developing countries can reap from trade reform and global integration, with a special emphasis on the Caribbean region. The first part discusses various rationales for trade-related aid, viewed both as a compensatory scheme (aimed at cushioning the impact of revenue cuts and adjustment costs) and a promotion scheme (aimed at alleviating supply-side constraints). In the latter case, particular attention is paid to the role of infrastructure as a constraining factor on trade expansion. The second part discusses the relevance of aid-for-trade arguments for Caribbean countries and identifies a number of specific issues for the region. The third part illustrates the potential growth effects of aid-for-trade programs with simulation results for the Dominican Republic - a country where infrastructure indicators remain relatively weak. The results illustrate the potentially large growth benefits that a temporary and well-targeted aid-for-trade program can provide to countries of the region
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
    ISBN: 0821380176 , 0821380192 , 9780821380178 , 9780821380192
    Language: English
    Pages: Online-Ressource (xlix, 311 p) , ill , 26 cm
    Edition: 2009 World Bank eLibrary
    Series Statement: A World Bank country study
    DDC: 337.1/729
    Keywords: Free trade ; Free trade ; Free trade ; Caribbean Area ; Caribbean Area ; Caribbean Area Economic integration ; Caribbean Area Economic policy ; Caribbean Area Economic integration ; Caribbean Area Economic policy
    Abstract: The main objective of this report is to help policymakers in the Caribbean design an agenda of policy actions to accelerate trade integration and growth, and to reduce poverty. Each part of the report focuses on a key question and provides an in-depth analysis of the issues raised, laying the foundations for policy recommendations described in the last chapter of the report. Part I asks whether the Caribbean's economic and trade system are sound enough to sustain the new era of its global trade relations. Part II addresses the opportunities and challenges that the new trade environment offers to the Caribbean. Part III assesses the impact of the recently-negotiated Economic Partnership Agreement on growth and poverty reduction using two types of macroeconomic models. The report concludes with policy priorities for accelerating Caribbean integration into the world economy and for reaping the benefits of global competition.--Publisher's description
    Description / Table of Contents: pt. 1. Overview of economic and trade system context. Macroeconomic and structural constraints on trade reform in the CaribbeanCaribbean regional and global trading relations -- Trade patterns and flows, and competitiveness issues -- pt. 2. Challenges and new opportunities. New areas of opportunities and challenges -- Capitalizing on a changing international environment -- pt. 3. Quantifying the impact of trade reform on growth, job creation, and poverty. Quantifying the gains from global trade integration : a dynamic macroeconomic analysis -- From diagnosis to policy recommendations.
    Note: "Document of the World Bank and the Organization of American States, co-produced with the Governments of CARIFORUM Countries , Includes bibliographical references (p. 307-311)
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  • 4
    Language: English
    Pages: Online-Ressource (1 online resource (74 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Bayraktar, Nihal The Composition of Public Expenditure And Growth
    Keywords: Budget Constraint ; Debt Markets ; Economic Theory and Research ; Expenditure ; Finance and Financial Sector Development ; Government Spending ; International Bank ; Investment Decisions ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Private Capital ; Public Investment ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Public Spending ; Tax ; Tax Collection ; Budget Constraint ; Debt Markets ; Economic Theory and Research ; Expenditure ; Finance and Financial Sector Development ; Government Spending ; International Bank ; Investment Decisions ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Private Capital ; Public Investment ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Public Spending ; Tax ; Tax Collection ; Budget Constraint ; Debt Markets ; Economic Theory and Research ; Expenditure ; Finance and Financial Sector Development ; Government Spending ; International Bank ; Investment Decisions ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Private Capital ; Public Investment ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Public Spending ; Tax ; Tax Collection
    Abstract: This paper presents a small-scale intertemporal model of endogenous growth that accounts for the composition of public expenditure and externalities associated with public capital. Government spending is disaggregated into various components, including maintenance, security, and investment in education, health, and core infrastructure. After studying its long-run properties, the model is calibrated for Haiti, using country-specific information as well as parameter estimates from the literature. A variety of policy experiments are then reported, including a reallocation of spending aimed at creating fiscal space to promote public investment; an improvement in fiscal management that leads to a reduction in tax collection costs; higher spending on security; and a composite fiscal package
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  • 5
    Online Resource
    Online Resource
    Washington, DC, USA : World Bank Group, Middle East and North Africa Region
    Language: English
    Pages: 1 Online-Ressource (circa 67 Seiten) , Illustrationen
    Series Statement: Policy research working paper 8769
    Series Statement: World Bank E-Library Archive
    Series Statement: Policy research working paper
    Parallel Title: Erscheint auch als Pinto Moreira, Emmanuel Morocco's Growth and Employment Prospects: Public Policies to Avoid the Middle-Income Trap
    Keywords: Graue Literatur
    Abstract: This paper studies Morocco's growth and employment prospects in the context of a new growth model aimed at allowing the country, in a rapidly changing international environment marked by increased competition from low-wage economies and growing automation of low-skilled jobs, to avoid falling into a middle-income trap. The first part reviews the growth model that Morocco has pursued in the past few decades and discusses its limitations going forward. The second part characterizes the proposed growth model, which involves, in particular, promoting the transition from labor-intensive imitation activities to technology-intensive innovation activities, increasing public investment in advanced infrastructure, improving the quality of education, improving productivity and increasing value added in key sectors (including agriculture, high-end tourism, and renewable energy), and implementing measures designed to promote women's participation in the labor force and reduce gender inequality. The third part attempts to quantify the medium-run effects of these policies on growth, employment, and unemployment in Morocco. The paper concludes that to achieve high-income status and reduce unemployment significantly, Morocco will need to implement far-reaching reforms, to increase growth to a range of 6-7 percent and improve employment creation to about 35,000 jobs per percentage point of growth
    URL: Volltext  (lizenzpflichtig)
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  • 6
    Online Resource
    Online Resource
    Washington, DC, USA : World Bank Group, Macroeconomics, Trade and Investment Global Practice
    Language: English
    Pages: 1 Online-Ressource (circa 40 Seiten) , Illustrationen
    Series Statement: Policy research working paper 8661
    Series Statement: Policy research working paper
    Keywords: Graue Literatur
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 7
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3506
    Parallel Title: Bayraktar, Nihal A macroeconomic framework for quantifying growth and poverty reduction strategies in Niger
    Keywords: Economic assistance, Domestic ; Poverty ; Economic assistance, Domestic ; Poverty
    Abstract: "The authors apply the dynamic macroeconomic framework developed by Agnor, Bayraktar, and El Aynaoui (2004) to Niger. As in the original model, linkages between foreign aid, public investment (disaggregated into education, infrastructure, and health), and growth are explicitly captured. Although the nominal exchange rate is fixed, the relative price of domestic goods is endogenous, thereby allowing for potential Dutch disease effects associated with increases in aid. The authors assess the impact of policy shocks on poverty by using partial growth elasticities. They perform various policy experiments, including an increase in the level of foreign aid, a reallocation of public nvestment toward infrastructure, and neutral and non-neutral cuts in tariffs. The simulations show the dynamic tradeoffs that these policies entail with respect to growth and poverty reduction in Niger. This paper--a product of Poverty Reduction and Economic Management 3, Africa Technical Families--is part of a larger effort in the region to formulate country-specific growth strategies"--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 2/1/2005 , Also available in print.
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