Mauritius: A Competitiveness Assessment

September 1, 2008

Preview Citation

Format: Chicago

Camelia Minoiu, and Patrick A. Imam Mauritius: A Competitiveness Assessment, (USA: International Monetary Fund, 2008) accessed December 21, 2024

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

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.

Subject: Competition, Exchange rate arrangements, Exchange rates, Real effective exchange rates, Real exchange rates

Keywords: CA balance, Mauritian rupee, Terms of trade, WP

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2008/212
Stock No:

WPIEA2008212
ISBN:

9781451870701
ISSN:

1018-5941

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