African Knowledge Base(AKB) Platform
Integrated Essential Digital Resources on Africa

Browsing by Author Rabah Arezki

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1 to 9 of 9
Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease
Book/Monograph, Created By Kareem Ismail; Rabah Arezki and Published By INTERNATIONAL MONETARY FUND in ENGLISH language
We examine the behavior of expenditure policy during boom-bust in commodity price cycles, and its implication for real exchange rate movements. To do so, we introduce a Dutch disease model with downward rigidities in government spending to revenue shock. This model leads to a decoupling between real exchange rate and commodity price movement during busts. We test our model's theoretical predictions and underlying assumptions using panel data for 32 oil-producing countries over the period 1992 to 2009. Results are threefold. First, we find that change in ...
Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease
Book/Monograph, Created By Kareem Ismail; Rabah Arezki and Published By INTERNATIONAL MONETARY FUND in ENGLISH language
We examine the behavior of expenditure policy during boom-bust in commodity price cycles, and its implication for real exchange rate movements. To do so, we introduce a Dutch disease model with downward rigidities in government spending to revenue shock. This model leads to a decoupling between real exchange rate and commodity price movement during busts. We test our model's theoretical predictions and underlying assumptions using panel data for 32 oil-producing countries over the period 1992 to 2009. Results are threefold. First, we find that change in ...
Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease
Book/Monograph, Created By Kareem Ismail; Rabah Arezki and Published By INTERNATIONAL MONETARY FUND in ENGLISH language
We examine the behavior of expenditure policy during boom-bust in commodity price cycles, and its implication for real exchange rate movements. To do so, we introduce a Dutch disease model with downward rigidities in government spending to revenue shock. This model leads to a decoupling between real exchange rate and commodity price movement during busts. We test our model's theoretical predictions and underlying assumptions using panel data for 32 oil-producing countries over the period 1992 to 2009. Results are threefold. First, we find that change in ...
Development Accounting and the Rise of TFP
Book/Monograph, Created By Reda Cherif; Rabah Arezki and Published By INTERNATIONAL MONETARY FUND in ENGLISH language
The paper presents evidence that the contribution of differences in total factor productivity (TFP) to income differences across countries steadily increased between 1970 and 2000. We verify that our finding is neither imputable to measurement errors in input factors nor dependent on the assumption of factor neutral differences in technology. We conclude that theories explaining cross-country income differences based on institutions or on forces that are constant over time, such as geography or legal origin, should be reconsidered in the light of their consistency wi...
Development Accounting and the Rise of TFP
Book/Monograph, Created By Reda Cherif; Rabah Arezki and Published By INTERNATIONAL MONETARY FUND in ENGLISH language
The paper presents evidence that the contribution of differences in total factor productivity (TFP) to income differences across countries steadily increased between 1970 and 2000. We verify that our finding is neither imputable to measurement errors in input factors nor dependent on the assumption of factor neutral differences in technology. We conclude that theories explaining cross-country income differences based on institutions or on forces that are constant over time, such as geography or legal origin, should be reconsidered in the light of their consistency wi...
Development Accounting and the Rise of TFP
Book/Monograph, Created By Reda Cherif; Rabah Arezki and Published By INTERNATIONAL MONETARY FUND in ENGLISH language
The paper presents evidence that the contribution of differences in total factor productivity (TFP) to income differences across countries steadily increased between 1970 and 2000. We verify that our finding is neither imputable to measurement errors in input factors nor dependent on the assumption of factor neutral differences in technology. We conclude that theories explaining cross-country income differences based on institutions or on forces that are constant over time, such as geography or legal origin, should be reconsidered in the light of their consistency wi...
International Commodity Price Shocks, Democracy, and External Debt
Book/Monograph, Created By Markus Bruckner; Rabah Arezki and Published By INTERNATIONAL MONETARY FUND in ENGLISH language
We examine the effects that international commodity price shocks have on external debt using panel data for a world sample of 93 countries spanning the period 1970-2007. Our main finding is that positive commodity price shocks lead to a significant reduction in the level of external debt in democracies, but to no significant reduction in the level of external debt in autocracies. To explain this result, we show that positive commodity price shocks lead to a statistically significant and quantitatively large increase in total government expenditures in ...
International Commodity Price Shocks, Democracy, and External Debt
Book/Monograph, Created By Markus Bruckner; Rabah Arezki and Published By INTERNATIONAL MONETARY FUND in ENGLISH language
We examine the effects that international commodity price shocks have on external debt using panel data for a world sample of 93 countries spanning the period 1970-2007. Our main finding is that positive commodity price shocks lead to a significant reduction in the level of external debt in democracies, but to no significant reduction in the level of external debt in autocracies. To explain this result, we show that positive commodity price shocks lead to a statistically significant and quantitatively large increase in total government expenditures in ...
International Commodity Price Shocks, Democracy, and External Debt :
Book/Monograph, Created By Markus Bruckner; Rabah Arezki and Published By INTERNATIONAL MONETARY FUND in ENGLISH language
We examine the effects that international commodity price shocks have on external debt using panel data for a world sample of 93 countries spanning the period 1970-2007. Our main finding is that positive commodity price shocks lead to a significant reduction in the level of external debt in democracies, but to no significant reduction in the level of external debt in autocracies. To explain this result, we show that positive commodity price shocks lead to a statistically significant and quantitatively large increase in total government expenditures in ...