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e-book

Mauritius the Drivers of Growth-Can the Past Be Extended? (Cód: 9671244)

Katsiaryna Svirydzenka; Petri,Martin

INTERNATIONAL MONETARY FUND

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Mauritius the Drivers of Growth-Can the Past Be Extended?

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Descrição

Mauritius’s economic performance has been called “the Mauritian miracle” and the “success of Africa” (Romer, 1992; Frankel, 2010; Stiglitz, 2011), despite difficult initial conditions that led a Nobel Prize Winner in economics to predict stagnation (Meade, 1961). We use growth accounting to analyze the sources of past growth and project potential ranges of growth through 2033. Growth averaged 4½ percent over the past 20 years. Our baseline suggests future growth rates around 3¼ percent, but growth could reach 4-5 percent with strong pro-active policies including (i) improving investment and savings rates; (ii) improving the efficiency of social spending and public enterprise reforms; (iii) investment in education and education reforms; (iii) labor market reforms; and (iv) further measures to reduce bottlenecks and increase productivity. With policies capable of generating 5 percent growth, Mauritius could reach high-income status in 2021, 4 years earlier than under the baseline.

Características

Produto sob encomenda Não
Marca INTERNATIONAL MONETARY FUND
Cód. Barras 9781498314862
Acabamento e-book
Idioma 337
Número de Páginas 41 (aproximado)
Peso 0.00 Kg
AutorKatsiaryna Svirydzenka; Petri,Martin