Narrow Your Choices

Refine By Countries

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Browse

You are looking at 1 - 1 of 1 items for :

  • Type: Journal Issue x
  • Economic Development, Innovation, Technological Change, and Growth x
  • Public Finance x
  • Debts, Public x
  • International economics x
  • Public Economics x
  • Foreign Exchange x
  • Fiscal sector x
Clear All Modify Search
Cover IMF Working Papers
The Growth Comeback in Developing Economies: A New Hope or Back to the Future?
Mr. John C Bluedorn, Rupa Duttagupta, Mr. Jaime Guajardo, and Miss Nkunde Mwase
Growth takeoffs in developing economies have rebounded in the past two decades. Although recent takeoffs have lasted longer than takeoffs before the 1990s, a key question is whether they could unravel like some did in the past. This paper finds that recent takeoffs are associated with stronger economic conditions, such as lower post-takeoff debt and inflation levels; more competitive real exchange rates; and better structural reforms and institutions. The chances of starting a takeoff in the 2000s was triple that before the 1990s, with domestic conditions accounting for most of the increase. The findings suggest that if today’s dynamic developing economies sustain their improved policies; they are more likely to stay on course compared to many of their predecessors.
Keywords:
WP; growth takeoff; exchange rate; economy group; dynamic LIC; IMF staff calculation; growth; takeoff; development; low-income countries; convergence; LIC takeoff; saving-investment gap; Real exchange rates; Income inequality; Export performance; Global