02093cas a2200253 a 4500 AALejournalIMF014594 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498392372 1018-5941 BD-DhAAL BD-DhAAL Svirydzenka, Katsiaryna. Mauritius The Drivers of Growth-Can the Past be Extended? / Katsiaryna Svirydzenka, Martin Petri. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (41 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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 in economics to predict stagnation (Meade, 1961). We use growth accounting to analyze the sources of past growth and project potential ranges of growth through 2033. Growth averaged 4 1\2 percent over the past 20 years. Our baseline suggests future growth rates around 3u percent, but growth could reach 4-5 percent with strong pro-active policies including (i) improving investment and savings rates; (ii) improving the efficiency of social spending and public enterprise reforms; (iii) investment in education and education reforms; (iii) labor market reforms; and (iv) further measures to reduce bottlenecks and increase productivity. With policies capable of generating 5 percent growth, Mauritius could reach high-income status in 2021, 4 years earlier than under the baseline. Mode of access: Internet Petri, Martin. IMF Working Papers; Working Paper ; No. 2014/134 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/134/001.2014.issue-134-en.xml IMF e-Library