Who Can Explain The Mauritian Miracle : Meade, Romer, Sachs or Rodrik?

Author/Editor:

Arvind Subramanian ; Devesh Roy

Publication Date:

August 1, 2001

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper examines different explanations-initial conditions, openness to trade and FDI, and institutions-of the Mauritian growth experience since the mid-1970s. We show that arguments based on openness to trade and FDI are either misleading or incomplete, and the transmission mechanism insufficiently identified. However, even when correctly articulated, openness appears to be a proximate rather than an underlying explanation for the Mauritian experience. The institution-based explanation offers greater promise. Ultimately, however, the econometric results indicate that existing explanations may be incomplete. Some idiosyncratic factors, particularly Mauritian diversity and the responses to managing it, may provide the missing pieces in the story of Mauritius's success.

Series:

Working Paper No. 01/116

Subject:

English

Publication Date:

August 1, 2001

ISBN/ISSN:

9781451853933/1018-5941

Stock No:

WPIEA1162001

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

42

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