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Korea's Growth Experience and Long-Term Growth Model
Jeong, Hyeok - 2017
This paper analyzes the Republic of Korea's rapid and sustained growth experience for the past six decades from the perspective of the neoclassical growth model (the workhorse model of the World Bank's Long Term Growth Model (LTGM) project). Overall, the sources of Korea's growth were balanced...
Persistent link: https://www.econbiz.de/10012245523
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China : Inclusive Innovation for Sustainable Inclusive Growth
World Bank - 2013
Inclusive innovation seeks to expand access to essential goods and services, thereby improving quality of life, and … directly at the needs of excluded populations. Inclusive innovation is of high relevance for the Chinese authorities, but the … innovation, yet has recognized the importance of inclusive innovation in addressing increasing disparity between the rich and …
Persistent link: https://www.econbiz.de/10012248221
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What Type of Finance Matters for Growth? : Bayesian Model Averaging Evidence
Hasan, Iftekhar - 2016
This paper examines the effect of finance on long-term economic growth using Bayesian model averaging to address model uncertainty in cross-country growth regressions. The literature largely focuses on financial indicators that assess the financial depth of banks and stock markets. These...
Persistent link: https://www.econbiz.de/10012246246
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A New Growth Model for Building a Secure Middle Class : Kazakhstan Systematic Country Diagnostic
World Bank Group - 2018
Four mutually supportive strategic pillars and related policy priorities would help Kazakhstan continue the structural transformation that stalled during the oil booms, in order to eliminate poverty and build a large and secure middle class: 1. economic management for diversification, to...
Persistent link: https://www.econbiz.de/10012645287
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Ethiopia's Growth Acceleration and How to Sustain It-insights from a Cross-Country Regression Model
Moller, Lars Christian - 2015
Persistent link: https://www.econbiz.de/10012246116
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Understanding economic growth in Ghana in comparative perspective
Geiger, Michael; Trenczek, Jan; Wacker, Konstantin - 2019
Ghana has experienced a decade of solid and exceptionally high growth. Between 2005 and 2015, income nearly doubled. This paper analyzes the factors driving this impressive growth performance, using tools such as structural change decompositions and growth regressions. For the comparative...
Persistent link: https://www.econbiz.de/10012002718
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Morocco's growth and employment prospects : public policies to avoid the middle-income trap
Pinto Moreira, Emmanuel - 2019
technology-intensive innovation activities, increasing public investment in advanced infrastructure, improving the quality of …
Persistent link: https://www.econbiz.de/10012008118
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Assessing the effect of public capital on growth : an extension of the World Bank long-term growth model
Devadas, Sharmila; Pennings, Steven - 2018
To analyze the effect of an increase in the quantity or quality of public investment on growth, this paper extends the World Bank's Long-Term Growth Model (LTGM), by separating the total capital stock into public and private portions, with the former adjusted for its quality. The paper presents...
Persistent link: https://www.econbiz.de/10011929642
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Serbia's New Growth Agenda : Job and Training-Ready
World Bank Group - 2020
Serbia now has an exceptional policy opportunity to promote skills development and create a productive future workforce and a prosperous economy. With its population aging and the nature of work changing in a technologically transforming and globalizing economy, a highly skilled Serbian...
Persistent link: https://www.econbiz.de/10012647009
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Serbia's New Growth Agenda : Investment for Growth
World Bank Group - 2020
Because of its difficult starting position in transitioning to a market economy, so far macroeconomic policy in Serbia has mainly been concerned with achieving stability. At the start of its transition in 2001, Serbia was practically bankrupt, burdened with old overdue debt and huge arrears in...
Persistent link: https://www.econbiz.de/10012647010