In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international real business cycle model and show that a thoughtful calibration of them along the lines of Raffo (2009) successfully addresses the ""quantity"", ""international comovement"",...

This study estimated Indonesia's potential growth rate and examined its underlying determinants. Implementing a comprehensive program to address key influencing issues can improve the effectiveness of monetary policy, increase financial stability, and support capital market development. This...

Climate action is critical for development in the Middle East and North Africa (MENA). The region contains countries among the most affected by climate change but least prepared to address it. This report introduces key findings of the World Bank Country Climate and Development Reports (CCDRs)...

The Cambodia Country Climate and Development Report (CCDR) provides analysis and recommendations on how Cambodia can achieve sustained development while responding to climate change and the low-carbon transition. Cambodia has high development aspirations, aiming to become an upper-middle-income...

This is the third edition of the Liberia Economic Update (LEU), a series of annual reports that assesses recent economic developments in Liberia and assists the government and its development partners in identifying emerging issues and addressing persistent challenges. It presents a broad...

Enhancing public and private investment, but also ensuring that this translates into higher growth and employment, have long been key policy challenges in Arab countries. Reflecting an improvement in policies and global conditions, investment rates in Arab countries have increased over the past...