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Business and Economics > Production and Operations Management

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Cover IMF Staff Country Reports
Cameroon: Selected Issues
International Monetary Fund. African Dept.
Selected Issues
Keywords:
model calibration; soes subsidization; digital money in Cameroon; micro-finance development; micro-finance institution; Financial inclusion; Mobile banking; Financial sector development; Digital currencies; Microfinance; Sub-Saharan Africa; Global
Cover IMF Staff Country Reports
Cameroon: Selected Issues
International Monetary Fund. African Dept.
Selected Issues
Keywords:
model calibration; soes subsidization; digital money in Cameroon; micro-finance development; micro-finance institution; Financial inclusion; Mobile banking; Financial sector development; Digital currencies; Microfinance; Sub-Saharan Africa; Global
Cover IMF Working Papers
Sources of Inflation in Developing Countries
Mr. Prakash Loungani
and
Mr. Phillip L Swagel
This paper develops stylized facts about the inflation process in developing countries, focusing particularly on the relationship between the exchange rate regime and the sources of inflation. Using annual data from 1964 to 1998 for 53 developing countries, we find that money growth and exchange rate changes-factors typically related to fiscal influences-are far more important in countries with floating exchange rate regimes than in those with fixed exchange rates. Instead, inertial factors dominate the inflation process in developing countries with fixed exchange rate regimes.
Keywords:
WP; exchange rate; money growth; currency; Inflation; developing countries; exchange rate regimes; growth innovation; inflation movement; inflation innovation; inflation response; inflation experience; sources of inflation; Exchange rate arrangements; Exchange rates; Output gap; Conventional peg; South America; Africa; Asia and Pacific
Cover Policies to Promote Competitiveness in Manufacturing in Sub-Saharan Africa
Policies to Promote Competitiveness in Manufacturing in Sub-Saharan Africa
International Monetary Fund

Abstract

The papers in this volume address three important issues: the role ofexchange-rate policy in enhancing the competitiveness of African manufactured exports; the steps that can be taken to improve production efficiency; and the role of institutional and structural reforms in promoting competitiveness in manufacturing and in improving Africa's attractiveness to foreign direct investment. An epilogue evaluates progress and developments since the conference that gave rise to this volume was held.

Keywords:
BOOK; firm; export; industry trade; manufactured export; inefficiency index; RER misalignment; policy implication; Exports; Total factor productivity; Competition; Productivity; Manufacturing; Sub-Saharan Africa; Africa; East Asia; South Asia; Middle East; North Africa; Real exchange rates
Cover IMF Working Papers
Investment, Capital Accumulation, and Growth: Some Evidence from The Gambia 1964–98
Mr. Christian H. Beddies
This paper considers the potential variables that have determined economic growth in The Gambia during 1964–98. The results indicate that The Gambia’s aggregate production function exhibits increasing returns to scale, thus supporting the endogenous growth-type model. The impact of private investment—and thus private capital accumulation—on output is large and significant. Furthermore, increases in public investment boost output substantially. Finally, the effects associated with human capital accumulation are positive and statistically significant. The paper also estimates a series on total factor productivity growth that indicates that The Gambia was able to use its resources more efficiently.
Keywords:
WP; growth rate; production function; endogenous growth; human capital; investment; capital stock; total factor productivity; output ratio; capital stock estimate; capital model; B. estimation result; CFA franc; government capital accumulation; Private investment; Capital accumulation; Stocks; West Africa
Cover IMF Working Papers
The Impact of Human Capital on Growth: Evidence from West Africa
Ms. Sonia Brunschwig
,
Mr. Emilio Sacerdoti
, and
Mr. Jon Tang
This paper analyzes the impact of human capital on growth, on the basis of refined calculations of human capital, and with a focus on West Africa. Using a growth-accounting methodology, it distinguishes the sources of growth between the accumulation of factors of production and changes in production intensity or efficiency. Private capital is found to be particularly important to growth, but human capital appears not to be significant. The paper also identifies the terms of trade, trade openness, the government deficit, and the share of government investment in total investment as key policy variables affecting growth.
Keywords:
WP; capital; country; Human capital; growth; Africa; output ratio; contribution to growth; physical capital; capital output ratio; capital growth; labor substitution; production function; initial capital output ratio; coefficient of determination; Total factor productivity; Stocks; Capital accumulation; West Africa