Mauritius: A Competitiveness Assessment
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Summary:
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.
Series:
Working Paper No. 2008/212
Subject:
Competition Exchange rate arrangements Exchange rates Real effective exchange rates Real exchange rates
English
Publication Date:
September 1, 2008
ISBN/ISSN:
9781451870701/1018-5941
Stock No:
WPIEA2008212
Pages:
33
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