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Bangladesh has achieved robust economic growth over the past 10 years, with real GDP growing by more than 6 percent on average each year. This paper investigates whether the country will be able to maintain such high levels of growth going forward. A simple growth model calibrated to the...
Persistent link: https://www.econbiz.de/10012964733
This paper uses data from the National Financial Inclusion Survey 2018 to understand the determinants of financial inclusion in Sri Lanka and their significance for inclusive growth. The findings highlight that gender, education, and formal employment are important determinants of financial...
Persistent link: https://www.econbiz.de/10012837586
The 2009 global recession demonstrated, once again, the importance of crisis prevention as well as the critical need for preserving policy room so that emerging market and developing economies (EMDEs) can act when their economies are hit by shocks. And now, with the global growth outlook still...
Persistent link: https://www.econbiz.de/10012839626
Global potential output growth has been flagging. At 2.5 percent in 2013-17, post-crisis potential growth is 0.5 percentage point below its longer-term average and 0.9 percentage point below its average a decade ago. Compared with a decade ago, potential growth has declined 0.8 percentage point...
Persistent link: https://www.econbiz.de/10012839790
momentum for improving policy frameworks, institutions, and business climates seems to have slackened. The experience of the … shocks. The subsequent decade of anemic growth underlines the need for sound policy frameworks, institutions, and business …
Persistent link: https://www.econbiz.de/10012841602
This paper examines systematically the growth effects of trade integration in Sub-Saharan Africa. It complements and improves upon the empirical literature in two aspects: first, it jointly estimates the impact of different dimensions of trade integration, namely, trade volumes, export/trade...
Persistent link: https://www.econbiz.de/10012842774
, such as developing the right institutions and the policies to raise savings and diversify exports, than about how to avoid …
Persistent link: https://www.econbiz.de/10012772699
low levels of corruption. Accumulation of human as well as physical capital, but also the quality of institutions and …
Persistent link: https://www.econbiz.de/10012951492
and growth relative to counterfactual forecast growth in countries with weak institutions, creating growth disappointments … estimated effect is inversely related to the quality of political institutions, and driven by countries with lower institutional ….35 percentage points in annual terms. There is no measured growth disappointment effect for countries with strong institutions …
Persistent link: https://www.econbiz.de/10012951503
A country's productive structure and competitiveness are harbingers of growth. Growth is a dynamic process based on capabilities that are difficult to define and measure across countries. This paper uses a global measure of fitness (or complexity-weighted diversity of production) as a method to...
Persistent link: https://www.econbiz.de/10012951516