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Business and Economics > Production and Operations Management

You are looking at 1 - 10 of 10 items for :

  • Type: Journal Issue x
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Cover IMF Working Papers
The Quality of the Recent High-Growth Episode in Sub-Saharan Africa
Mr. Marcelo Martinez
and
Mr. Montfort Mlachila
The paper explores the quality of the recent high-growth episode in sub-Saharan Africa by examining the following two questions: (i) what has been the nature and pattern of SSA growth over the past 15 years and how does it compare with previous episodes? (ii) has this growth had an impact on socially desirable outcomes, for example, improvements in health, education and poverty indicators? To do this, the paper first examines various aspects of the fundamentals of growth in SSA—levels, volatility, sources, etc.—according to various country analytical groupings. Second, it explores the extent to which the growth has been accompanied by improvements in social indicators. The paper finds that the quality of growth in SSA over the past 15 years has unambiguously improved, although progress in social indicators has been uneven.
Keywords:
WP; Real GDP growth; health outcome; TFP improvement; poverty-growth nexus; Quality of growth; social indicators; sub-Saharan Africa; income gain; per capita income; mortality rate; poverty-reducing pattern; gross investment; poverty outcome; Capita Real GDP growth; physical capital; poverty indicator; income difference; Total factor productivity; Personal income; Poverty reduction; Africa
Cover Post-Stabilization Economics in Sub-Saharan Africa
Post-Stabilization Economics in Sub-Saharan Africa
Lessons from Mozambique
Mr. Shanaka J Peiris
and
Mr. Jean A. P. Clément

Abstract

Mozambique is an economic success story in sub-Saharan Africa (SSA). Its remarkable achievements offer valuable lessons to other low-income countries in a post-stabilization economic phase, including how they can efficiently manage a scaling up of foreign aid aimed at poverty reduction. Of special interest to other sub-Saharan countries are the book's discussions of Mozambique's progress toward consolidating macroeconomic and financial stability, and the challenges it faces in ensuring long-term sustainability, creating a virtuous cycle of natural resource use, and implementing second-generation structural reforms to sustain its growth. This book also provides a summary of the most recent research on issues related to post-stabilization economics in SSA.

Keywords:
BOOK; Mozambique; exchange rate; productivity; poverty; income; poverty reduction; monetary management; transmission mechanism; government implementation; crop income; Total factor productivity; Real exchange rates; Exports; Exchange rates; Sub-Saharan Africa; Africa; Southern Africa; East Asia; Asia and Pacific
Cover IMF Staff Country Reports
Central African Republic: Poverty Reduction Strategy Paper: Preparation Status Report: Joint Staff Advisory Note
International Monetary Fund
The status report on the Poverty Reduction Strategy Paper (PRSP) of the Central African Republic showed substantial progress. IMF staff welcomed peace and security consolidation and strong macroeconomic framework under the economic program. They emphasized the need for strengthening the linkages between some of the sectoral and national strategies. They stressed the need for a strategy for monitoring and evaluation of the system, and financing to implement the strategy. They concur that success of the PRSP will be a challenge amidst security issues and financial constraints.
Keywords:
ISCR; CR; Poverty ReductionStrategy Paper; preparation progress status report; constraint; objectives inthe PRSP; draft PRSP; preparation process; poverty reduction strategy paper; Poverty reduction strategy; Capacity utilization; Macro-fiscal framework; Concessional external borrowing
Cover IMF Working Papers
Solow Versus Harrod-Domar: Reexamining the Aid Costs of the First Millennium Development Goal
Carl-Johan Dalgaard
and
Mr. Lennart Erickson
The First Millennium Development Goal (MDG#1) is to cut the fraction of global population living on less than one dollar per day in half, by 2015. Foreign aid financed investments may contribute to the attainment of this goal. But how much can aid be reasonably expected to accomplish? A widespread calibration approach to answering this question is to employ the so-called development planning technique, which has the Harrod-Domar growth model at its base. Two particularly problematic assumptions in this sort of analysis are the absence of diminishing returns to capital input and an infinite speed of adjustment to steady state after a shock to the economy. We remove both of these assumptions by employing a Solow model as an organizing framework for an otherwise similar analysis. We find that in order to successfully meet the MDG#1 in the context of the currently proposed aid flows, these flows will have to be accompanied by either an acceleration in the underlying productivity growth rate or a major boost to domestic savings and investment in sub-Saharan Africa. In the absence of such changes in the economic environment, the MDG#1 is unlikely to be reached.
Keywords:
WP; production function; mover accent; capital goods
Cover Sustaining and Accelerating Pro-Poor Growth in Africa
Sustaining and Accelerating Pro-Poor Growth in Africa
Mr. Kevin J Carey
,
Mr. Sanjeev Gupta
, and
Ms. Catherine A Pattillo

Abstract

Growth in sub-Saharan Africa has recently shown signs of improvement, but is still short of levels needed to attain the Millennium Development Goals. Economists have placed increasing emphasis on understanding the policies that promote sustained jumps in medium-term growth, and the paper applies this approach to African countries. The evidence presented finds an important growth-supporting role for particular kinds of institutions and policies, but also highlights aspects of growth that are still not well understood. The paper includes policy guidance for ensuring that the poor benefit from growth.

Keywords:
ISI; SI; country; policy; growth rate; Dem. rep.; sub-Saharan Africa data; conflict country; World Bank's country policy; sub-Saharan Africa country; growth opportunity; country case studies; Income inequality; Poverty reduction; Total factor productivity; Inclusive growth; Sub-Saharan Africa; Africa; Global; growth in sub-Saharan Africa
Cover IMF Working Papers
Tanzania’s Growth Process and Success in Reducing Poverty
Mr. Volker Treichel
Since 1995, Tanzania has made major progress in economic reform and macroeconomic stabilization, resulting in strong growth and low inflation. This paper reviews Tanzania's growth performance and prospects and assesses the impact of growth on poverty. It finds that growth has been increasingly driven by higher factor productivity and that a continuation of recent policies should allow Tanzania to grow above 5 percent a year over the medium term. Furthermore, it finds that growth since 1995 has resulted in a significant decline of poverty and that prospects are favorable for Tanzania to attain its objectives for reducing income poverty by 2015.
Keywords:
WP; Tanzania; economy; export; growth performance
Cover IMF Survey
IMF Survey, Volume 31, Issue 10
International Monetary Fund. External Relations Dept.
Earlier this year, Abdoulaye Bio-Tchané took over as Director of the IMF’s African Department. Before joining the IMF staff, he was Benin’s Minister of Finance and Economy. He began his career as an economist in the Central Bank of West African States (BCEAO), where he rose to become Director of the Economic and Monetary Survey Department. He recently returned from a one-week trip with IMF Managing Director Horst Köhler to Burkina Faso, Côte d’Ivoire, Democratic Republic of the Congo, Ghana, and Tanzania. At the end of the trip, on May 3, Köhler announced that the IMF plans to establish five regional centers in Africa to strengthen locally based technical assistance and training.
Keywords:
SV; IMF Concludes; IMF Approves; background colo; growth facility; IMF staff country; IMF's Africa capacity building initiative; IMF publication service; compensatory financing facility; Real exchange rates; Foreign direct investment; Exchange rate adjustments; Poverty reduction strategy; Fiscal stance; Africa; Baltics; West Africa; East Africa; Southern Europe; Eastern Europe
Cover IMF Survey
IMF Survey, Volume 31, Issue 06
International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
Keywords:
SV; IMF Concludes; IMF staff country report; EFF arrangement; market; IMF staff country; IMF publication service; IMF survey; IMF Board; PRGF arrangement; Productivity; Poverty reduction; Foreign direct investment; Early warning systems; Banking crises; Global; Africa; Southern Africa; North America; Western Europe; Middle East; Eastern Europe; East Asia
Cover Finance & Development
Finances & Développement, juin 2001
International Monetary Fund. External Relations Dept.
Pour les dernières idées sur le système financier international, la politique monétaire, le développement économique, la lutte contre la pauvreté et d’autres questions importantes, abonnez-vous à Finances & Développement (F&D). Ce trimestriel attrayant présente des analyses approfondies sur ces thèmes et d'autres sujets, rédigées par les membres des services du FMI ainsi que par des experts de renommée internationale. Les articles sont écrits pour les non-spécialistes qui souhaitent enrichir leur compréhension des rouages de l'économie mondiale et des politiques et activités du FMI.
Keywords:
FD; F&D; country; IMF financing; capital flow; exchange rate; productivity
Cover Finance & Development
Finance & Development, June 2001
International Monetary Fund. External Relations Dept.
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 quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.
Keywords:
FD; F&D; country; IMF financing; capital flow; exchange rate; productivity; FDI benefits country; FDI flow; productivity growth; Foreign direct investment; Moral hazard; Capital flows; Exchange rate arrangements; Conventional peg; Global; Africa; Europe; Western Europe; East Asia