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Social Science > Demography

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Cover IMF Staff Country Reports
West African Economic and Monetary Union: Selected Issues
International Monetary Fund. African Dept.
This Selected Issues paper on West African Economic and Monetary Union presents external stability assessment report. The current account deficit declined in 2014. Although gross international reserve coverage has increased slightly, part of the current account deficit has been financed by a decline in commercial banks’ net foreign assets. Contingent on the implementation of government’s consolidation plans, and helped by a favorable oil price outlook, the current account deficit would further gradually decline and be matched by enough financial inflows in the medium term. According to various metrics, the real exchange rate appears to be broadly aligned with fundamentals. International reserve coverage should increase to provide stronger buffers against immediate short-term risks. Structural competitiveness and investment efficiency improvements will be essential to ensure that the planned large investment programs translate into growth and export gains as well as increased private inflows into the region.
Keywords:
ISCR; CR; WAEMU; GDP; ECOWAS country; dynamics well; payment service; credit-to GDP ratio; liquidity provision; Mobile banking; Imports; Tariffs; Commercial banks; West Africa
Cover IMF Working Papers
Trade Adjustment and Human Capital Investments: Evidence from Indian Tariff Reform
Eric V. Edmonds
,
Nina Pavcnik
, and
Petia Topalova
Do the short and medium term adjustment costs associated with trade liberalization influence schooling and child labor decisions? We examine this question in the context of India's 1991 tariff reforms. Overall, in the 1990s, rural India experienced a dramatic increase in schooling and decline in child labor. However, communities that relied heavily on employment in protected industries before liberalization do not experience as large an increase in schooling or decline in child labor. The data suggest that this failure to follow the national trend of increasing schooling and diminishing work is associated with a failure to follow the national trend in poverty reduction. Schooling costs appear to play a large role in this relationship between poverty, schooling, and child labor. Extrapolating from our results, our estimates imply that roughly half of India's rise in schooling and a third of the fall in child labor during the 1990s can be explained by falling poverty and therefore improved capacity to afford schooling.
Keywords:
WP; tariff change; District tariff; schooling cost
Cover Macroeconomic Issues and Policies in the Middle East and North Africa
Macroeconomic Issues and Policies in the Middle East and North Africa

Abstract

This book brings together recent IMF research on how the Middle East and North African countries are grappling with various macroeconomic challenges. It rigorously analyzes policy alternatives for a range of relevant topics, including the implications of changing demographic trends for growth and unemployment, determinants of inflation, financial-sector reform and Islamic banking, fiscal sustainability in oil-dependent economies, exchange rate and trade arrangements, and impediments to foreign direct investment. The book’s overall theme-self-sustaining and faster growth can be achieved through comprehensive structural reforms and closer collaboration between the region’s policymakers and the international community.

Keywords:
BOOK; exchange rate; market; SDR zone; EU imports; EU association agreement; core deficit; GCC country; Exchange rates; Tariffs; Exports; Real exchange rates; Imports; Middle East; North Africa; Maghreb; East Asia; Western Hemisphere
Cover IMF Staff Country Reports
Mauritius: Statistical Annex
International Monetary Fund
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Keywords:
ISCR; CR; fiscal year; company; short term; capital gains tax; company account; broad money; debt service; stock exchange company; private sector; Agricultural commodities; Public expenditure review; Income; Special economic zones; Imports; Africa; export processing zone worker; enrollment ratio; IMF UR; world development indicator; gross domestic fixed capital formation; Duties
Cover The Romanian Economic Reform Program
The Romanian Economic Reform Program
Mr. Mohsin S. Khan
and
Mr. Dimitri G Demekas

Abstract

This paper outlines the main characteristics and the development of the centrally planned economic sysetm in Romania before the beginnings of the transition to a market eonomy it then presents the design, objectives, and implementation of the reform program.

Keywords:
OP; economy; reform program; economic system; government; adjustment program; privatization law; state housing; start of the reform program; Tariffs; Credit; Eastern Europe; Middle East