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Singapore
			: A Case Study in Rapid Development

Singapore : A Case Study in Rapid Development »

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

DOI: http://dx.doi.org/10.5089/9781557754639.084

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

Since attaining independence in 1965, Singapore has experienced exceptionally rapid growth, low inflation, and a healthy balance of payments. This paper reviews Singapore's economic development from a long-term per...

Statistical Appendix

Statistical Appendix »

Source: Singapore : A Case Study in Rapid Development

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

Table A1...

III Singapore’s Development Strategy

III Singapore’s Development Strategy »

Source: Singapore : A Case Study in Rapid Development

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

In large part, Singapore’s rapid growth can be attributed to policies that promoted macroeconomic stability (low inflation, positive real interest rates, sound fiscal management) and limited relative price d...

II Accounting for Growth in Singapore

II Accounting for Growth in Singapore »

Source: Singapore : A Case Study in Rapid Development

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

2 1/2 percent in Germany and 1 3/4 percent in the United States. 1...

IV Fiscal and Monetary Policies

IV Fiscal and Monetary Policies »

Source: Singapore : A Case Study in Rapid Development

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

Among the most important factors in explaining Singapore’s rapid development is the ongoing policy commitment to macroeconomic stability. The pursuit of cautious financial policies has underpinned investor c...

VII Determinants of Private Saving in Singapore

VII Determinants of Private Saving in Singapore »

Source: Singapore : A Case Study in Rapid Development

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

A dissaver in the early 1960s, Singapore over the past three decades has become the thriftiest country in the world, saving on average 41 percent of its GNP in the 1980s. This section presents an econometric...

I Introduction

I Introduction »

Source: Singapore : A Case Study in Rapid Development

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

Chart 1-1). Over the past 30 years, real GDP per capita has grown at an average annual rate of 7 ƈ1/4 percent and, at US$14,482 in 1992, was among the highest in the region. This Occasional Pape...

VI Singapore’s Experience as an Open Economy

VI Singapore’s Experience as an Open Economy »

Source: Singapore : A Case Study in Rapid Development

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

Singapore’s ongoing commitment to a liberal external regime has figured importantly in its development. A capital account almost completely free of restrictions has fostered investment flows. In addition, in...

V Labor Market Policies

V Labor Market Policies »

Source: Singapore : A Case Study in Rapid Development

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

Wages and labor market policies have been cornerstones of Singapore’s development strategy. Over the past three decades, four distinct periods can be identified. In the first (mid-1960s to the late 1970s), p...

Mauritius The Drivers of Growth—Can the Past be Extended?1

Mauritius The Drivers of Growth—Can the Past be Extended?1 »

Source: Mauritius The Drivers of Growth-Can the Past be Extended?

Volume/Issue: 2014/134

Series: IMF Working Papers

Author(s): Katsiaryna Svirydzenka , and Martin Petri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 July 2014

ISBN: 9781498392372

Keywords: Growth, growth accounting, tfp, growth rates, labor market, General,

Mauritius's economic performance has been called 'the Mauritian miracle' and the 'success of Africa' (Romer, 1992; Frankel, 2010; Stiglitz, 2011), despite difficult initial conditions that led a Nobel Prize Winner...