Mauritius: A Competitiveness Assessment

IMF Working Paper No. 08/212

35 Pages Posted: 1 Sep 2008 Last revised: 15 Mar 2016

See all articles by Patrick A. Imam

Patrick A. Imam

International Monetary Fund (IMF)

Camelia Minoiu

Federal Reserve Board

Multiple version iconThere are 2 versions of this paper

Date Written: September 1, 2008

Abstract

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.

Keywords: Mauritius, equilibrium real exchange rate, structural competitiveness

JEL Classification: F31, F41, E65

Suggested Citation

Imam, Patrick A. and Minoiu, Camelia, Mauritius: A Competitiveness Assessment (September 1, 2008). IMF Working Paper No. 08/212. Available at SSRN: https://ssrn.com/abstract=1261762 or http://dx.doi.org/10.2139/ssrn.1261762

Patrick A. Imam

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Camelia Minoiu (Contact Author)

Federal Reserve Board ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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