Who Can Explain the Mauritian Miracle: Meade, Romer, Sachs or Rodrik?

42 Pages Posted: 1 Feb 2006

See all articles by Arvind Subramanian

Arvind Subramanian

International Monetary Fund (IMF); Center for Global Development

Devesh Roy

University of Maryland - Department of Economics

Date Written: August 2001

Abstract

This paper examines different explanations--initial conditions, openness to trade and FDI, and institutions--of the Mauritian growth experience since the mid-1970s. We show that arguments based on openness to trade and FDI are either misleading or incomplete, and the transmission mechanism insufficiently identified. However, even when correctly articulated, openness appears to be a proximate rather than an underlying explanation for the Mauritian experience. The institution-based explanation offers greater promise. Ultimately, however, the econometric results indicate that existing explanations may be incomplete. Some idiosyncratic factors, particularly Mauritian diversity and the responses to managing it, may provide the missing pieces in the story of Mauritius's success.

Keywords: Mauritius, growth, institutions, geography, openness

JEL Classification: F1, F4, O0, O1, O2, O4, O5

Suggested Citation

Subramanian, Arvind and Roy, Devesh, Who Can Explain the Mauritian Miracle: Meade, Romer, Sachs or Rodrik? (August 2001). IMF Working Paper No. 01/116, Available at SSRN: https://ssrn.com/abstract=879859

Arvind Subramanian (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Center for Global Development

2055 L St. NW
5th floor
Washington, DC 20036
United States

Devesh Roy

University of Maryland - Department of Economics ( email )

College Park, MD 20742
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
276
Abstract Views
1,448
rank
121,007
PlumX Metrics