Post by Sapphire Capital on Feb 14, 2009 5:12:27 GMT 4
Mauritius: A Competitiveness Assessment
Patrick A. Imam
International Monetary Fund (IMF)
Camelia Minoiu
International Monetary Fund (IMF) - African Department
September 2008
IMF Working Paper No. 08/212
Abstract:
We assess the competitiveness of Mauritius in recent years using two approaches. First, we estimate the difference between the equilibrium and the actual real exchange rate using four methods: the macroeconomic balance approach, the single-equation fundamentals approach, the capital-enhanced approach, and the external sustainability approach. The methods consistently suggest that at the end of 2007 the exchange rate was aligned with its equilibrium value. Second, we undertake a comparative analysis of structural competitiveness indicators and find that Mauritius often fares better on business climate than other small island economies and high-growth Asian economies. Nevertheless, there are areas for improvement.
papers.ssrn.com/sol3/Delivery.cfm/wp08212.pdf?abstractid=1266545&mirid=1
Patrick A. Imam
International Monetary Fund (IMF)
Camelia Minoiu
International Monetary Fund (IMF) - African Department
September 2008
IMF Working Paper No. 08/212
Abstract:
We assess the competitiveness of Mauritius in recent years using two approaches. First, we estimate the difference between the equilibrium and the actual real exchange rate using four methods: the macroeconomic balance approach, the single-equation fundamentals approach, the capital-enhanced approach, and the external sustainability approach. The methods consistently suggest that at the end of 2007 the exchange rate was aligned with its equilibrium value. Second, we undertake a comparative analysis of structural competitiveness indicators and find that Mauritius often fares better on business climate than other small island economies and high-growth Asian economies. Nevertheless, there are areas for improvement.
papers.ssrn.com/sol3/Delivery.cfm/wp08212.pdf?abstractid=1266545&mirid=1