Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484370287
Total Pages : 308 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic by : Ms.Kimberly Beaton

Download or read book Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic written by Ms.Kimberly Beaton and published by International Monetary Fund. This book was released on 2019-09-13 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Accelerating economic growth in Central America, Panama and the Dominican Republic (CAPDR) remains an elusive task. While the region performed relatively well in the post-global financial crisis period, over the last five years obstacles to growth have become more evident and new challenges have emerged. In response, the region has strengthened macro-financial frameworks but more progress will be required to pave the way to sustained growth and prosperity. This book considers the structural factors underlying the region’s growth outlook and assesses its macroeconomic and financial challenges to help shape the policy agenda going forward. The book first identifies the structural determinants of growth in the region related to: capital formation; employment; demographic factors, including immigration; productivity; and violence. It then highlights the importance of creating fiscal space through the design and implementation of fiscal rules and mechanisms to increase accountability (better quality of public spending, adequate policies to reduce income inequality and sustainable retirement plans). Finally, it presents recent evidence on the importance of a supportive financial sector for growth (including through financial inclusion and development).

Excerpt: Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484370317
Total Pages : 20 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Excerpt: Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Excerpt: Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2018-07-23 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an excerpt from Paving the Way to Growth and Prosperity in Central America, Panama, and the Dominican Republic edited by Kimberly Beaton, Roberto Garcia Saltos, and Lorenzo Figliuoli. Over the past three decades, countries in Central America, Panama, and the Dominican Republic have experienced sustained economic transfor-mation. The region has moved away from its rural and agricultural past to a modern and urban present and has significantly integrated its econ-omies regionally and globally. Many factors have shaped the region’s economic performance and are expected to contribute to its future development. The book aims to foster policy dialogue and contribute to the efforts to address the region’s unique challenges. The first part looks at the region’s growth with a view to understanding how structural determinants have contributed to the region’s uneven gains and the resulting priorities to strengthen the foundations of growth. The second part of the book high-lights the importance of addressing the region’s fiscal challenges and supporting growth and improved social outcomes. Finally, the third part of the book emphasizes the importance of a supportive financial sector for growth, including through financial inclusion and development. This excerpt is taken from uncorrected page proofs. Please check quota-tions and attributions against the final published volume.

Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484353846
Total Pages : 308 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic by : Ms.Kimberly Beaton

Download or read book Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic written by Ms.Kimberly Beaton and published by International Monetary Fund. This book was released on 2019-09-13 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Accelerating economic growth in Central America, Panama and the Dominican Republic (CAPDR) remains an elusive task. While the region performed relatively well in the post-global financial crisis period, over the last five years obstacles to growth have become more evident and new challenges have emerged. In response, the region has strengthened macro-financial frameworks but more progress will be required to pave the way to sustained growth and prosperity. This book considers the structural factors underlying the region’s growth outlook and assesses its macroeconomic and financial challenges to help shape the policy agenda going forward. The book first identifies the structural determinants of growth in the region related to: capital formation; employment; demographic factors, including immigration; productivity; and violence. It then highlights the importance of creating fiscal space through the design and implementation of fiscal rules and mechanisms to increase accountability (better quality of public spending, adequate policies to reduce income inequality and sustainable retirement plans). Finally, it presents recent evidence on the importance of a supportive financial sector for growth (including through financial inclusion and development).

IMF Publications Catalog, Fall/Winter 2018

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484375491
Total Pages : 36 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis IMF Publications Catalog, Fall/Winter 2018 by : International Monetary Fund. External Relations Dept.

Download or read book IMF Publications Catalog, Fall/Winter 2018 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 2018-09-06 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on several IMF publications published in the winter of year 2018. Realizing Indonesia’s Economic Potential book uncovers some of the forces that are likely to shape Indonesia’s economy. It analyses the constraints to growth, propose options to boost economic growth, and explore key issues policymakers will need to handle in the future. The ASEAN Way: Sustaining Growth and Stability book provides a comprehensive account of how Association of Southeast Asian Nations, its individual members and as a group, rose above its worst regional financial crisis 20 years ago, to become one of the most resilient in the face of the worst global financial crisis just a decade later. The challenges faced and the policy responses taken, chronicled and analyzed in this study, can hopefully provide further lessons as we face a new global policy paradigm. It is a must-read for academics, the financial community, and policymakers alike.

Guatemala

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Guatemala by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Guatemala written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2024-08-05 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Guatemala: Selected Issues

Regional Economic Outlook, Western Hemisphere, October 2023

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Regional Economic Outlook, Western Hemisphere, October 2023 by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Regional Economic Outlook, Western Hemisphere, October 2023 written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2023-10-13 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: After a stronger-than-expected recovery from the pandemic and continued resilience in early 2023, economic growth in Latin America and the Caribbean (LAC) is softening as the effect of tighter policies to combat inflation is taking hold and the external environment is weakening. The early and swift monetary tightening across the region since 2021, together with the withdrawal of most of the pandemic fiscal stimulus and the reversal of external price pressures, have helped put headline inflation on a downward trajectory. Core inflation has also started to ease, as price pressures are becoming less generalized, although it remains elevated amid strong labor markets and positive output gaps in some countries. Banking systems have weathered the rise in interest rates well and are generally healthy, though credit to the private sector is decelerating amid tighter supply conditions and weaker demand.

Crime and Output: Theory and Application to the Northern Triangle of Central America

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513519271
Total Pages : 25 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Crime and Output: Theory and Application to the Northern Triangle of Central America by : Dmitry Plotnikov

Download or read book Crime and Output: Theory and Application to the Northern Triangle of Central America written by Dmitry Plotnikov and published by International Monetary Fund. This book was released on 2020-01-16 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a structural model of crime and output. Individuals make an occupational choice between criminal and legal activities. The return to becoming a criminal is endogenously determined in a general equilibrium together with the level of crime and economic activity. I calibrate the model to the Northern Triangle countries and conduct several policy experiments. I find that for a country like Honduras crime reduces GDP by about 3 percent through its negative effect on employment indirectly, in addition to direct costs of crime associated with material losses, which are in line with literature estimates. Also, the model generates a non-linear effect of crime on output and vice versa. On average I find that a one percent increase in output per capita implies about 1⁄2 percent decline in crime, while a decrease of about 5 percent in crime leads to about one percent increase in output per capita. These positive effects are larger if the initial level of crime is larger.

Central America, Panama, and the Dominican Republic

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475510845
Total Pages : 40 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Central America, Panama, and the Dominican Republic by : Stephanie Medina Cas

Download or read book Central America, Panama, and the Dominican Republic written by Stephanie Medina Cas and published by International Monetary Fund. This book was released on 2012-09-27 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the potential for the export sector to play a more important role in promoting growth in Central America, Panama, and the Dominican Republic (CAPDR) through deeper intra-regional and global trade integration. CAPDR countries have enacted many free trade agreements and other regional integration initiatives in recent years, but this paper finds that their exports remain below the norm for countries of their size. Several indexes of outward orientation are constructed and suggest that the breadth of geographic trading relationships, depth of integration into global production chains, and degree of technological sophistication of exports in CAPDR are less conducive to higher exports and growth than in fast-growing, export-oriented economies. To boost exports and growth, CAPDR should implement policies to facilitate economic integration, particularly building a customs union, harmonizing trade rules, improving logistics and infrastructure, and enhancing regional cordination.

Structural Change and Growth in Central America and the Dominican Republic

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Author :
Publisher : UN
ISBN 13 :
Total Pages : 384 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis Structural Change and Growth in Central America and the Dominican Republic by : Hugo E. Beteta

Download or read book Structural Change and Growth in Central America and the Dominican Republic written by Hugo E. Beteta and published by UN. This book was released on 2014 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication looks at changes that have occurred with the production structure, trade and society in Central America and the Dominican Republic, and how they have influenced the countries' growth trajectories. One of the conclusions it reaches is that the subregion overall has enjoyed faster economic growth than the rest of Latin America over the two decades examined, 1990-2011, which has helped to raise incomes and living standards. Yet this progress falls far short of what is needed, given the high levels of poverty and indigence and the glaring inequalities suffered by much of the population in Central America and the Dominican Republic.

Central America, Panama, and the Dominican Republic

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475572018
Total Pages : 280 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Central America, Panama, and the Dominican Republic by : Mr.Marco Pinon

Download or read book Central America, Panama, and the Dominican Republic written by Mr.Marco Pinon and published by International Monetary Fund. This book was released on 2012-06-28 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central America, Panama, and the Dominican Republic coped well with the global financial crisis of 2008-09. The impact was generally less severe and shorter lived than in previous episodes, the balance of payments adjustment was orderly, and the stability of the financial system was not compromised. This resilience can be attributed to a large extent to the strengthening of the fiscal frameworks, monetary management, and financial reforms conducted in the years preceding the global crisis. Nevertheless, the region faces considerable challenges for the period ahead, including the need to raise medium term growth above historical levels and protect macroeconomic and financial stability. This book argues that meeting these challenges will have to come from within, in light of the anticipated modest demand growth from trade partners. Raising growth in the region will depend on the adoption of structural reforms that generate substantial productivity gains. Rebuilding fiscal space and securing debt sustainability will hinge on efforts to increase tax revenue and reorienting spending to social and investment priorities. In the non-officially dollarized economies, it will also be essential to strengthen the monetary policy frameworks to keep inflation low and increase exchange rate flexibility, and improve financial regulation and supervision.

Inclusive Growth

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Author :
Publisher : Inter-American Development Bank
ISBN 13 :
Total Pages : 86 pages
Book Rating : 4./5 ( download)

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Book Synopsis Inclusive Growth by : Jordi Prat

Download or read book Inclusive Growth written by Jordi Prat and published by Inter-American Development Bank. This book was released on 2018-02-22 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central America and the Dominican Republic had stable economic growth in 2017. The performance of the United States economy and low commodity prices, mainly oil, meant that the key indicators for the region did not change abruptly. It is worth noting that safeguarding the stability of public finances remains the main challenge for the region. In the short run, we expect the fiscal deficit and public debt to maintain their upward trend, thus putting pressure on interest rates, which would have a negative impact on economic growth. This trend has implied in downward revisions to the region’s economic outlook. Growth in the region has been higher than the rest of Latin America, but its impact on reducing poverty and improve income distribution, has been limited. The report explores options to make growth more inclusive in Central America and the Dominican Republic. It highlights the need to bolster human capital accumulation, take advantage of integration with other trade partners, and generate buffers for political decision-making in a highly uncertain environment, in order ensure that growth can benefit the highest number of people in the region.

Social Expenditure in Central America, Panama and the Dominican Republic at a Glance

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Author :
Publisher : Inter-American Development Bank
ISBN 13 : 1597822515
Total Pages : 188 pages
Book Rating : 4.5/5 (978 download)

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Book Synopsis Social Expenditure in Central America, Panama and the Dominican Republic at a Glance by : Marco Solera

Download or read book Social Expenditure in Central America, Panama and the Dominican Republic at a Glance written by Marco Solera and published by Inter-American Development Bank. This book was released on 2016-03-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social spending is a powerful tool to reduce poverty, achieve higher equality and better life conditions for the inhabitants of a country. In "Social Expenditure in Central America, Panama and the Dominican Republic: 2007-2013", a characterization of the different variables that have taken social expenditure to its current position is performed. During the economic crisis period, many governments of the region confront this situation with an increase in social expenditures. However, part of the increase was centered on inflexible items, particularly wages, which facilitated the increase in fiscal deficits and, consequently, on public debt. Thus, after the financial crisis, the fiscal situation has reduced governments' buffers to respond to economic shocks, which imply that we need to examine the fiscal policy given its rigidity, the scarcity of public resources and the institutional contract. The study of wage bill increases provides more information related to the causes of this dynamic, and allow us to offer recommendations to improve spending management without threatening public finances. A better use of resources could contribute to define a more efficient and equitable agenda for the countries in the region. Finally, something that was not deeply explored, as of today, is the institutional complexity and how this could facilitate, or hinder, the government's ability to express its fiscal policy, including the effectiveness in the use of public resources.

Panama’s Growth Prospects

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484307860
Total Pages : 30 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Panama’s Growth Prospects by : Ms.Kimberly Beaton

Download or read book Panama’s Growth Prospects written by Ms.Kimberly Beaton and published by International Monetary Fund. This book was released on 2017-07-07 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates medium-term potential growth for a country undergoing significant structural and secular changes. Our forward-looking framework, incorporating three analytical approaches for examining economic prospects, constitutes an important complement to typical backward-looking methods that filter or extrapolate historical data. In particular, the opening of the expanded Panama Canal in 2016 highlights significant structural changes underway in the Panamanian economy. We first analyze growth determinants and find that Panama is well-placed to maintain its business model, with improvements in education and governance important to support growth. Second, the current pipeline of investment projects can help sustain investment-led growth, although at a more moderate pace. Third, further development of the logistics and tourism sectors holds promise to further build on Panama’s comparative advantage.

Panama at the Crossroads

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Author :
Publisher : Univ of California Press
ISBN 13 : 0520366646
Total Pages : 232 pages
Book Rating : 4.5/5 (23 download)

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Book Synopsis Panama at the Crossroads by : Andrew Zimbalist

Download or read book Panama at the Crossroads written by Andrew Zimbalist and published by Univ of California Press. This book was released on 2022-07-15 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: In December 1989, the United States invaded Panama, deposed its government, and established another in its place. While this act of violent intervention brought Panama to public attention, the justifications for it obscured the underlying instabilities that have plagued the country throughout its history. Although a stated purpose of the invasion was to remove one man, Manuel Noriega, from power, Panama at the Crossroads demonstrates that the crisis sweeping Panama in the late 1980s was not caused by one man, but in fact derived from the history of U.S. domination and the nature of Panamanian society itself. Panama is located at a crucial geographic crossroads, a fact that has greatly influenced the country's history since the sixteenth century. Labor scarcity and inhospitable terrain, joined with its location, contributed to the mercantile orientation of Panama's economy. Accordingly, the country's politics and economics have been consistently dominated by foreign trading interests, first from Spain, then Colombia and the United States. Now in the 1990s, Panama stands at a historical and economic crossroads, and according to Zimbalist and Weeks its traditional entrepôt institutions are no longer able to promote and sustain growth. Before building the basis for long-term economic expansion, Panama must first undo the devastating economic and political damage engendered by nearly three years of U.S. economic sanctions and the U.S. invasion. In this timely book, Zimbalist and Weeks document the origins and characteristics of this crossroads. Their analysis points the way to a more encompassing and equitable strategy for Panama's economic development. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1991.

Inside Development in Latin America

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Author :
Publisher :
ISBN 13 : 9780807841952
Total Pages : 0 pages
Book Rating : 4.8/5 (419 download)

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Book Synopsis Inside Development in Latin America by : James Lang

Download or read book Inside Development in Latin America written by James Lang and published by . This book was released on 1988 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inside Development in Latin America: Report from the Dominican Republic, Colombia, and Brazil

Potential Output and Output Gap in Central America, Panama and Dominican Republic

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Author :
Publisher :
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Potential Output and Output Gap in Central America, Panama and Dominican Republic by : Christian Johnson

Download or read book Potential Output and Output Gap in Central America, Panama and Dominican Republic written by Christian Johnson and published by . This book was released on 2013 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Potential Output is a key factor for debt sustaintability analysis and for developing strategies for growth, but unfortunately it is an unobservable variable. Using three methodologies (production function, switching, and state-space), this paper computes potential output for CAPDR countries using annual data. Main findings are: i) CAPDR potential growth is about 4.4 percent while output gap volatility is about 1.9 percent; ii) The highest-potential growth country is Panama (6.5 percent) while the lowest-growth country is El Salvador (2.6 percent); iii) CAPDR business cycle is about eigth years.

The Growth Report

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821374923
Total Pages : 198 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis The Growth Report by : Commission on Growth and Development

Download or read book The Growth Report written by Commission on Growth and Development and published by World Bank Publications. This book was released on 2008-07-23 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The result of two years work by 19 experienced policymakers and two Nobel prize-winning economists, 'The Growth Report' is the most complete analysis to date of the ingredients which, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty.