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Western Hemisphere > Argentina

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  • Type: Journal Issue x
  • Neoclassical Models of Trade x
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Cover Policy Papers
External Evaluation of the Independent Evaluation Office
International Monetary Fund
We have been asked by the Executive Board of the International Monetary Fund to undertake an external review of the activities of its Independent Evaluation Office (IEO). This is the second such evaluation in the IEO’s twelve year history. The first review, led by Karin Lissakers (the “Lissakers Report”), was presented to the Board in 2006. That report considered the extent to which the Office had succeeded during its first five years of operation in fulfilling its mandates and made recommendations to enhance its role within the IMF’s institutional architecture. Our report thus focuses on IEO activities since 2006. As set out in the terms of reference of our Panel (see Appendix I), the central objective of this report is to evaluate how well the IEO has met its institutional mandates. The terms of reference, while not constraining the range of issues we could consider, also asks that we “assess the IEO’s effectiveness along several dimensions, including: (i) the appropriateness of evaluation topics; (ii) the independence of the IEO; (iii) the cost-effectiveness of the IEO and its operations; and (iv) the appropriateness and adequacy of the evaluation process including, but not limited to, how IEO recommendations are endorsed by the Board and implemented.”
Keywords:
PP; panel; IEO report; Independent Evaluation Office executive board meeting; staff; IEO; Board discussion; IEO recommendation; externally-recruited IEO staff; Comparative advantage; International reserves; Civil society; Global
Cover IMF Working Papers
Determinants of Argentina’s External Trade
Ms. Elisabetta Falcetti
and
Mr. Luis Catão
This paper presents new estimates of export and import equations for Argentina, using a broader set of variables than previous studies and distinguishing between intra- and extra-MERCOSUR trade. It measures the importance of relative price versus income effects in accounting for the higher trade deficit during the 1990s, and examines whether foreign trade elasticities have increased as a result of structural changes in the economy. It finds that the high income elasticity of imports and the responsiveness of exports to changes in world commodity prices, domestic absorption, and economic activity in Brazil have been key determinants of Argentina’s trade balance.
Keywords:
WP; exchange rate; price elasticity; foreign trade; income elasticity of imports; Argentina; Foreign Trade Elasticities; International Competitiveness; MERCOSUR; commodity export price; A. export supply equation; Argentina's export; export supply function; export equation; B. export supply; import function; aggregate import function; import demand; income elasticity; price indicator; Exports; Imports; Real exchange rates; Trade balance; Export prices; Western Hemisphere; South America
Cover Trade Policy Issues
Trade Policy Issues

Abstract

This book edited by Chorng-Huey Wong and Naheed Kirmani, examines a wide range of trade policy issues relevant in the 1990s that were the subject of a seminar organized by the IMF in 1996. The topics include the design and implementation of trade reform, trade liberalization in industrial and transition economies, regional trading arrangements, the impact of the Uruguay Round, the role of the World Trade Organization, and post Uruguay Round issues.

Keywords:
BOOK; liberalization; trade; trade liberalization issue; country; post-Uruguay Round agenda; post-Uruguay Round issue; adjustment program; WTO agreement; Tariffs; Trade liberalization; Exports; Trade policy; Imports; Eastern Europe; Global; Western Hemisphere; Europe; Baltics