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Closer to Home: Despite all the talk of globalization, business cycles seem to be becoming more regional

Closer to Home: Despite all the talk of globalization, business cycles seem to be becoming more regional »

Source: Finance and Development, September 2013

Volume/Issue: 50/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 August 2013

ISBN: 9781484353653

Keywords: natural resources, natural resource, natural resource management

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterl...

Eastern Caribbean Currency Union: Selected Issues

Eastern Caribbean Currency Union: Selected Issues »

Source: Eastern Caribbean Currency Union : Selected Issues

Volume/Issue: 2003/88

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 March 2003

ISBN: 9781451811643

Keywords: tourist, tourism organization, cruise passenger, tourist arrivals, tourism receipts

This Selected Issues paper analyzes the competitive threats to the tourism sector in the Eastern Caribbean Currency Union (ECCU). The paper concludes that the ECCU countries have lost competitiveness globally and v...

Boom, Bust, or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth

Boom, Bust, or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth »

Source: Boom, Bust, or Prosperity? Managing Sub-Saharan Africa's Natural Resource Wealth

Series: Departmental Papers / Policy Papers

Author(s): Charlotte Lundgren , Alun Thomas , and Robert York

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 August 2013

ISBN: 9781484369326

Keywords: Natural resources, Fiscal policy, Fiscal sustainability, Public investment, Tax revenues, Transparency, Tax administration, Sub-Saharan Africa, natural resource, extractive industries

Sizeable natural resource endowments and potentially large financial inflows from their extraction provide an unparalleled opportunity for economic growth and development in a growing number of sub-Saharan African...

Tourism Specialization and Economic Development

Tourism Specialization and Economic Development »

Source: Tourism Specialization and Economic Development : Evidence from the UNESCO World Heritage List

Volume/Issue: 2009/176

Series: IMF Working Papers

Author(s): John Piotrowski , Rabah Arezki , and Reda Cherif

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2009

ISBN: 9781451873238

Keywords: economic development and growth and instrumental variables, unesco world heritage, heritage, world heritage,

The present paper investigates whether tourism specialization is a viable strategy for development. We estimate standard growth equations augmented with a variable measuring tourism specialization using instrumenta...

Caribbean Growth in an International Perspective

Caribbean Growth in an International Perspective »

Source: Caribbean Growth in an International Perspective : The Role of Tourism and Size

Volume/Issue: 2012/235

Series: IMF Working Papers

Author(s): Nita Thacker , Sebastian Acevedo Mejia , and Roberto Perrelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2012

ISBN: 9781475510898

Keywords: size, growth, tfp, growth accounting, gdp growth, Models with Panel Data, General,

After earlier success, growth performance in most Caribbean countries has been disappointing since the early 1990s. With slower growth, output has fallen behind that of relevant comparator countries. This paper ana...

Determinants of International Tourism1

Determinants of International Tourism1 »

Source: Determinants of International Tourism

Volume/Issue: 2014/82

Series: IMF Working Papers

Author(s): Alexander Culiuc

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2014

ISBN: 9781484383032

Keywords: Gravity model, Real exchange rate, Small islands, tourist, tourists, tourist arrivals, tourism receipts, Country and Industry Studies of Trade,

The paper estimates the impact of macroeconomic supply- and demand-side determinants of tourism, one of the largest components of services exports globally, and the backbone of many smaller economies. It applies th...

Chapter 2 Evaluation Projects Undertaken in FY2003–04

Chapter 2 Evaluation Projects Undertaken in FY2003–04 »

Source: IEO Annual Report 2004

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 March 2005

ISBN: 9781589064362

Keywords: capital account, capital account liberalization, capital account crises, exchange rate, conditionality

This chapter summarizes the main findings and recommendations of the two most recently completed evaluation reports along with the conclusions reached in the respective Executive Board discussions. It also b...

Chapter 2. Is There a Resource Curse in Sub-Saharan Africa?

Chapter 2. Is There a Resource Curse in Sub-Saharan Africa? »

Source: Boom, Bust, or Prosperity? Managing Sub-Saharan Africa's Natural Resource Wealth

Series: Departmental Papers / Policy Papers

Author(s): Charlotte Lundgren , Alun Thomas , and Robert York

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 August 2013

ISBN: 9781484369326

Keywords: Natural resources, Fiscal policy, Fiscal sustainability, Public investment, Tax revenues, Transparency, Tax administration, Sub-Saharan Africa, natural resource, extractive industries

With both a long history of natural resource extraction in sub-Saharan Africa (SSA) and—until recently—relatively poor economic performance, it is fair to ask if the region has suff...

Chapter 3. Determinants of Non-Oil Growth in the CFA Zone Oil-Producing Countries: How Do They Differ?

Chapter 3. Determinants of Non-Oil Growth in the CFA Zone Oil-Producing Countries: How Do They Differ? »

Source: Oil Wealth in Central Africa : Policies for Inclusive Growth

Series: Books

Author(s): Bernardin Akitoby , and Sharmini Coorey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2012

ISBN: 9781616353766

Keywords: fiscal policy, per, public investment, expenditure, fiscal stance

Non-oil growth in the Coopération Financière en Afrique Centrale (CFA) zone oil-exporting countries has been lackluster despite the great natural resource wealth with which these countries are endowed. This...

Chapter 7. Safeguarding the Public Interest

Chapter 7. Safeguarding the Public Interest »

Source: Boom, Bust, or Prosperity? Managing Sub-Saharan Africa's Natural Resource Wealth

Series: Departmental Papers / Policy Papers

Author(s): Charlotte Lundgren , Alun Thomas , and Robert York

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 August 2013

ISBN: 9781484369326

Keywords: Natural resources, Fiscal policy, Fiscal sustainability, Public investment, Tax revenues, Transparency, Tax administration, Sub-Saharan Africa, natural resource, extractive industries

Good governance is critical to ensuring that the state gets a fair financial return from the exploitation of its natural resources and that resource revenue is effectively and fairly used. Although the effec...