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Mauritius
			: Challenges of Sustained Growth

Mauritius : Challenges of Sustained Growth »

Series: IMF Special Issues

Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2005

DOI: http://dx.doi.org/10.5089/9781589064164.058

ISBN: 9781589064164

Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking

Mauritius has achieved remarkable success since its independence in 1968. It has one of the highest per capita GDPs in Africa, the economy has diversified from complete dependence on the sugar crop, into textiles,...

Structural Transformation and the sophistication of Production

Structural Transformation and the sophistication of Production »

Source: Structural Transformation and the sophistication of Production

Volume/Issue: 2012/59

Series: IMF Working Papers

Author(s): Nicola Spatafora , Rahul Anand , and Saurabh Mishra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

ISBN: 9781463937775

Keywords: Structural Transformation, Sophistication of Production, manufactured exports, exports of goods, export basket, export baskets, Economic Growth of Open Economies,

A new dataset on export sophistication reveals that in many countries the importance of modern services, and the sophistication of manufactured and service exports, has increased over time. However, this trend was...

India's Growth Spillovers to South Asia

India's Growth Spillovers to South Asia »

Source: India's Growth Spillovers to South Asia

Volume/Issue: 2012/56

Series: IMF Working Papers

Author(s): Iyabo Masha , and Ding Ding

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

ISBN: 9781463937744

Keywords: growth linkages, world exports, share of world exports, exports of goods, trading partners, neighboring countries, International Policy Coordination and Transmission, Economic Growth of Open Economies, And South Asia,

This study investigates the role of India's economy in explaining the observed growth in South Asia, taking into consideration other sources of growth endogenous to the countries in the region. Since a review of ke...

CHAPTER 9. Medium-Term Challenges and Concluding Remarks

CHAPTER 9. Medium-Term Challenges and Concluding Remarks »

Source: Mauritius : Challenges of Sustained Growth

Series: IMF Special Issues

Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2005

ISBN: 9781589064164

Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking

The Factors Behind Sustained Growth The discussion in the previous chapters leads to some key conclusions. First, the Mauritian growth performance since the 1970s has been exceptiona...

CHAPTER 1. Overview

CHAPTER 1. Overview »

Source: Mauritius : Challenges of Sustained Growth

Series: IMF Special Issues

Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2005

ISBN: 9781589064164

Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking

The purpose of this paper is to present the remarkable achievements of the economy of Mauritius since independence, and to highlight the factors that have made this performance possible. The record is impres...

CHAPTER 2. Outstanding Growth Performance

CHAPTER 2. Outstanding Growth Performance »

Source: Mauritius : Challenges of Sustained Growth

Series: IMF Special Issues

Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2005

ISBN: 9781589064164

Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking

Mauritius’s Initial Conditions Mauritius is a small island economy in a remote section of the Indian Ocean. The island was visited by Malays, Arabs, and Portuguese in the sixteenth c...

CHAPTER 3. Sectoral Diversification and Openness

CHAPTER 3. Sectoral Diversification and Openness »

Source: Mauritius : Challenges of Sustained Growth

Series: IMF Special Issues

Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2005

ISBN: 9781589064164

Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking

Main Trends in Diversification Table 3.1 sketches a brief synopsis of the history of industrial transformation in Mauritius, indicating which were the principal growt...

CHAPTER 4. The Role of Institutions

CHAPTER 4. The Role of Institutions »

Source: Mauritius : Challenges of Sustained Growth

Series: IMF Special Issues

Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2005

ISBN: 9781589064164

Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking

A critical question in the search for an explanation of Mauritius’s successful growth performance is why the Mauritian economy has been able to continuously diversify its production base. Broadly, t...

CHAPTER 5. Labor Market and Educational System

CHAPTER 5. Labor Market and Educational System »

Source: Mauritius : Challenges of Sustained Growth

Series: IMF Special Issues

Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2005

ISBN: 9781589064164

Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking

Despite strong economic growth, averaging just below 6 percent per year over the last two decades, a “U”-curve phenomenon of Mauritian unemployment can be observed (Figure 5.1). The unemployment rate plunged...

CHAPTER 6. Fiscal Developments

CHAPTER 6. Fiscal Developments »

Source: Mauritius : Challenges of Sustained Growth

Series: IMF Special Issues

Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2005

ISBN: 9781589064164

Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking

Over the past 25 years, Mauritius’s public finances have experienced three distinct phases: large fiscal deficits in the early 1980s, followed by a period of fiscal consolidation and discipline during the la...