Do Trading Partners Still Matter For Nigerias Growth A Contribution To The Debateon Decoupling And Spillovers
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Author | : Kingsley I. Obiora |
Publisher | : International Monetary Fund |
Total Pages | : 31 |
Release | : 2009-10-01 |
Genre | : Business & Economics |
ISBN | : 1451873654 |
Should policymakers still be concerned about economic growth in trading partners? Have developing and emerging market countries decoupled from the US enough to grow despite significant recession in the US? Using VAR models, this paper addresses these questions for Nigeria in the context of the global crisis. The results seem to debunk the "decoupling theory" and suggest there are still significant spillovers from Nigeria's main trading partners, including the US, with trade and commodity price linkages being the dominant transmission channels. Given the sharp fall in both trade financing and commodity prices in aftermath of the crisis, these results provide some explanation to the realization of adverse second-round effects in Nigeria.
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Publisher | : |
Total Pages | : |
Release | : 2006 |
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Author | : Mr.Jorge Iván Canales Kriljenko |
Publisher | : International Monetary Fund |
Total Pages | : 24 |
Release | : 2013-01-31 |
Genre | : Business & Economics |
ISBN | : 1475559151 |
Spillovers from South Africa into the other members of the Souther Africa Customs Union (known as the BLNS for Botstwana, Lesotho, Namibia, and Swaziland) are substantial reflecting sizeable real and financial interlinkages. However, shocks to real GDP growth in South Africa do not seem to systematically affect growth developments in BLNS countries as a group. Nevertheless, vector autoregressions, which allow country-specific parameters, suggest some strong spillovers onto the smaller economies.
Author | : Department of Economic & Social Affairs |
Publisher | : United Nations Publications |
Total Pages | : 295 |
Release | : 2008 |
Genre | : Business & Economics |
ISBN | : 9789211045871 |
This book presents an overview of the key debates that took place during the Economic and Social Council meetings at the 2007 High-level Segment, at which ECOSOC organized its first biennial Development Cooperation Forum. The discussions also revolved around the theme of the second Annual Ministerial Review, "Implementing the internationally agreed goals and commitments in regard to sustainable development."--P. 4 of cover.
Author | : Stephane Hallegatte |
Publisher | : World Bank Publications |
Total Pages | : 227 |
Release | : 2015-11-23 |
Genre | : Business & Economics |
ISBN | : 1464806748 |
Ending poverty and stabilizing climate change will be two unprecedented global achievements and two major steps toward sustainable development. But the two objectives cannot be considered in isolation: they need to be jointly tackled through an integrated strategy. This report brings together those two objectives and explores how they can more easily be achieved if considered together. It examines the potential impact of climate change and climate policies on poverty reduction. It also provides guidance on how to create a “win-win†? situation so that climate change policies contribute to poverty reduction and poverty-reduction policies contribute to climate change mitigation and resilience building. The key finding of the report is that climate change represents a significant obstacle to the sustained eradication of poverty, but future impacts on poverty are determined by policy choices: rapid, inclusive, and climate-informed development can prevent most short-term impacts whereas immediate pro-poor, emissions-reduction policies can drastically limit long-term ones.
Author | : Ms.Ana Corbacho |
Publisher | : International Monetary Fund |
Total Pages | : 311 |
Release | : 2018-10-02 |
Genre | : Business & Economics |
ISBN | : 1513558900 |
The first part of the book examines the evolution of monetary policy and prudential frameworks of the ASEAN5, with particular focus on changes since the Asian financial crisis and the more recent period of unconventional monetary policy in advanced economies. The second part of the book looks at policy responses to global financial spillovers. The third and last part of the book elaborates on the challenges ahead for monetary policy, financial stability frameworks, and the deepening of financial markets.
Author | : International Monetary Fund. Research Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 277 |
Release | : 2007-04-11 |
Genre | : Business & Economics |
ISBN | : 158906688X |
The global economy grew strongly in the first half of 2007, although turbulence in financial markets has clouded prospects. While the 2007 forecast has been little affected, the baseline projection for 2008 global growth has been reduced by almost 1⁄2 percentage point relative to the July 2007 World Economic Outlook Update. This would still leave global growth at a solid 43⁄4 percent, supported by generally sound fundamentals and strong momentum in emerging market economies. Risks to the outlook, however, are firmly on the downside, centered around the concern that financial market strains could deepen and trigger a more pronounced global slowdown. Thus, the immediate focus of policymakers is to restore more normal financial market conditions and safeguard the expansion. Additional risks to the outlook include potential inflation pressures, volatile oil markets, and the impact on emerging markets of strong foreign exchange inflows. At the same time, longer-term issues such as population aging, increasing resistance to globalization, and global warming are a source of concern.
Author | : Jose Guilherme Reis |
Publisher | : World Bank Publications |
Total Pages | : 221 |
Release | : 2012-03-12 |
Genre | : Business & Economics |
ISBN | : 0821389386 |
This toolkit provides a framework, guidelines, and practical tools for conducting an analysis of a country's trade competitiveness in terms of growth and share performance, diversification, and quality.
Author | : International Monetary Fund. Research Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 657 |
Release | : 2013-10-08 |
Genre | : Business & Economics |
ISBN | : 1484348834 |
Global growth is in low gear, and the drivers of activity are changing. These dynamics raise new policy challenges. Advanced economies are growing again but must continue financial sector repair, pursue fiscal consolidation, and spur job growth. Emerging market economies face the dual challenges of slowing growth and tighter global financial conditions. This issue of the World Economic Outlook examines the potential spillovers from these transitions and the appropriate policy responses. Chapter 3 explores how output comovements are influenced by policy and financial shocks, growth surprises, and other linkages. Chapter 4 assesses why certain emerging market economies were able to avoid the classical boom-and-bust cycle in the face of volatile capital flows during the global financial crisis.
Author | : Richard S. Newfarmer |
Publisher | : World Bank Publications |
Total Pages | : 396 |
Release | : 2006 |
Genre | : Business & Economics |
ISBN | : |
The role of trade in promoting international development is becoming increasingly important in our globalised world, and the global trading system has the potential to help the world's poor if trading inequities can be remedied. This publication examines the key trade issues relevant to the ongoing multilateral trade negotiations and the evolution of the world trading system as a means to address barriers to growth in developing countries, focusing on the Doha Round. Issues discussed include: potential gains from trade liberalisation for developed and developing countries; reforming trade in agriculture as a key to the success of the Doha Round; markets for manufacturing and services; trade facilitation, TRIPs and the regulatory agenda; the role of regional trade agreements; and issues of aid for trade, in order to help low-income countries develop the infrastructure needed to participate in the global economy and benefit from new market opportunities.