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While India’s growth has been strong in recent decades, its structural transformation remains incomplete. In this paper …, we first take stock of India’s growth to date. We find that economic activity has shifted from agriculture to services … consider India’s employment challenge going forward. We find that India needs to create between 143-324 million jobs by 2050 …
Persistent link: https://www.econbiz.de/10015080244
Intro -- Contents -- I. INTRODUCTION -- II. STRUCTURE OF THE ECONOMY -- III. TRENDS IN GDP AND PER CAPITA GDP GROWTH -- IV. GROWTH ACCOUNTING AND TOTAL FACTOR PRODUCTIVITY -- V. IMPLICATIONS FOR MEDIUM-TERM GROWTH -- VI. DETERMINANTS OF PRODUCTIVITY IN PAPUA NEW GUINEA -- VII. SUMMARY AND...
Persistent link: https://www.econbiz.de/10012691125
The present paper investigates whether tourism specialization is a viable strategy for development. We estimate standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques for a large cross-section of countries for the period...
Persistent link: https://www.econbiz.de/10012677835
This paper analyses economic implications and the transmission mechanisms of different options for creating and using fiscal space. For creating fiscal space, we consider prioritizing expenditures, raising revenue, and scaled-up aid. Fiscal space is used for increasing health and education...
Persistent link: https://www.econbiz.de/10012677888
Over the last thirty years Burundi's low economic growth has led to a significant decline in per capita GDP. The purpose of this paper is to shed light on supply-side constraints that prevented Burundi's economy from growing faster. Lack of investment, civil conflict, economic inefficiencies,...
Persistent link: https://www.econbiz.de/10012677702
We survey the literature on the relationship between macroeconomic stability and inclusive growth and identify gaps in our knowledge. We examine the role of macroeconomic policies (fiscal, monetary, macroprudential, and exchange rate) and measures of inclusiveness (income inequality, consumption...
Persistent link: https://www.econbiz.de/10015057903
dangers and reasons for India's growth slowdown and proposes policy reforms for sustaining fast growth …
Persistent link: https://www.econbiz.de/10009620975
This paper analyzes the drivers of India's growth in the past five decades and considers baseline and upside scenarios … of India's medium-term potential growth. Using a production function approach, the paper assesses the impact of the …
Persistent link: https://www.econbiz.de/10015059507
India's financial sector has faced many challenges in recent decades, with a large, negative, and persistent credit to …
Persistent link: https://www.econbiz.de/10015060270
This paper explores the role of public expenditure in fostering inclusive growth. It starts with a presentation of salient features of public expenditure. Then, it lays out an analytical framework that describes the channels through which public expenditure affects inequality and poverty in the...
Persistent link: https://www.econbiz.de/10015057905