Mauritius: A Competitiveness Assessment
IMF Working Papers, September 1, 2008
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- Canonical URL
- Mauritius: A Competitiveness Assessment
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Bibliographic details
- Authors: Camelia Minoiu, Patrick A. Imam
- Published: September 1, 2008
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451870701.001
Overview
- Objective: Assess the competitiveness of Mauritius in recent years using two complementary approaches.
- Approaches used:
- Estimation of 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.
- Comparative analysis of structural competitiveness indicators against other small island economies and high-growth Asian economies.
Exchange rate assessment
- Methods applied:
- Macroeconomic balance approach
- Single-equation fundamentals approach
- Capital-enhanced approach
- External sustainability approach
- Consistent finding across methods:
- At the end of 2007 the exchange rate was aligned with its equilibrium value.
Structural competitiveness analysis
- Comparative finding:
- Mauritius often fares better on business climate than other small island economies and high-growth Asian economies.
- Caveat:
- Nevertheless, there are areas for improvement.