Narrow Your Choices

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

Middle East and Central Asia > Kyrgyz Republic

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Econometric analysis x
Clear All Modify Search
Cover IMF Working Papers
Committing to Grow: The Full Impact of WTO Accessions
André Brotto
,
Adam Jakubik
,
Roberta Piermartini
, and
Fulvio Silvy
This paper studies the impact of the process of accession to the WTO on growth rates in a sample of 150 economies. Unlike GATT-era accessions, WTO accessions involve reforms that extend beyond conventional trade liberalization measures. Using information on the pace of negotiations and requests in the working party's meetings, we construct an index that tracks the progress of reforms in the pre-accession period. We estimate that economies that implemented reforms and made deeper commitments during their WTO accession negotiations grew on average 1.5 percentage points faster than they otherwise would have. These results are robust to instrumental variable estimation and falsification tests.
Keywords:
WTO accession; structural reforms; trade and growth; commitment index; GATT-era accession; accession mode; accession effect; accession period; General Agreement on Tariffs and Trade; Estimation techniques; Tariffs; Trade barriers; Trade policy; Global
Cover IMF Working Papers
Remittances in Russia and Caucasus and Central Asia: the Gravity Model
Mr. Tigran Poghosyan
Remitances are an important source of external financing in low- and middle-income countries. This paper uses the gravity model to analyze remittance flows in Russia and Caucasus and Central Asia (CCA) countries. Standard gravity determinants, such as GDP in sending and recieiving countries, bilateral distance, existence of common borders and common official language, fit remittance flows well. Remittances also react to inflation and exchange rate movements in recipient countries to sustain their purchasing power. In line with the altruism hypothesis, remittances flow to countries with higher age dependency ratio. Remittances are countercyclical and help stabilize outputs in recipient countries. However, global shocks resulting in sharp output losses of sending countries would lead to large volatility and decline of remittance inflows in recipient countries. The results of the analysis can be used to assess the impact of the COVID-19 shock on projected remittance flows into CCA.
Keywords:
WP; remittance; country; remittance flow; international remittances; migration; gravity model; recipient country; country j; bilateral remittance; pair level; sending country; Remittances; Gravity models; Oil prices; Exchange rates; Outward remittances; Central Asia and the Caucasus; Global
Cover IMF Working Papers
Opening Up and Geographic Diversification of Trade in Transition Economies
Mr. Oleh Havrylyshyn
and
Mr. Hassan Al-Atrash
This paper looks at the progress in transition and the geographic diversification of trade, focusing on two issues--the degree of trade openness and trade integration--for a sample of countries in transition. It concludes that about half of the group of countries sampled are becoming as open as similar market economies, but that many others remain relatively closed. Geographic diversification (to the European Union) is found to be greater the closer is geographic proximity and the more advanced the country is with reforms. The analysis is then extended, in an illustrative way, to show how much larger would be the share of exports to the EU if structural reforms were more ambitious.
Keywords:
WP; BRO country; BRO; export; Trade diversification; trade openness; transition economies; transition country; export-import pattern; market penetration; transition economy; BRO reformer; Exports; Trade balance; Gravity models; Exchange rates; Real effective exchange rates; Europe; Central Asia; East Asia; Western Europe; Middle East