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Tables of Contents for The Dominican Republic
Chapter/Section Title
Page #
Page Count
Preface
vii
Overview
1
2
Stabilization and Structural Reforms
3
9
The Lost Decade: 1981-90
3
2
The Initial Phase of the Reform Effort: 1991-95
5
1
A New Beginning: 1996-2000
6
1
The Challenges Ahead
7
5
Trade Reform Continues
12
8
The Trade Regime Prior to the 1990 Reforms
12
1
Trade Reforms in the 1990s
13
3
Free-Trade Zones
16
1
Trade Agreements
17
1
Conclusion
18
2
Successful External Debt Restructuring
20
8
The 1980s-First Round of External Debt Restructuring
20
1
The 1990s-Second Round of External Debt Restructuring
20
3
The 1991 Paris Club Debt Rescheduling
23
1
Non-Paris Club Debt Rescheduling: 1991-97
24
1
The 1994 Restructuring of Commercial Bank Credits
25
1
Evolution of Payments Arrears in 1990-2000
26
1
Past, Present, and Future Debt-Service Payments
26
1
External Debt Policy
27
1
Conclusion
27
1
A Review of Fiscal Policy During the 1990s and Current Policy Considerations
28
9
Contribution of Fiscal Policy to Macroeconomic Stability During the 1990s
28
4
Tax Reform and Administration
32
3
Reforming the Budget Process and Redirecting Public Expenditure
35
1
Conclusion
36
1
Capital Accumulation, Total Factor Productivity, and Growth
37
10
Sources of Growth in the Dominican Republic
37
1
Sources of Growth Excluding the FTZs
38
2
Sources of Growth for the FTZs
40
1
The Role of Public Investment in Growth
40
2
Conclusion
42
5
Money Demand in a Small Open Economy: The Case of the Dominican Republic
47
15
The Estimated Equations and the Estimation Technique
48
2
Unit Roots, Cointegration, and Long-Run Elasticities
50
1
The Long-Run Elasticities of the Model
51
4
Conclusion and Policy Implications
55
7
Exchange Market Pressure, Monetary Policy, and Interest Rates: Recent Evidence from the Dominican Republic
62
1
Exchange Market Pressure in the Dominican Republic: An Overview
62
2
EMP and Monetary Policy: A Vector Autoregression Approach
64
1
Estimation Results
65
3
Summary and Policy Implications
68
Appendices
I. Governance Issues
10
33
V. Economy-Wide Data
43
14
VI. A Stylized Open Economy Model
57
3
Unit Roots and Cointegration
60