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Constraints In Economic Development
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Book Synopsis Identifying Binding Constraints to Growth by : Mr.Mauricio Vargas
Download or read book Identifying Binding Constraints to Growth written by Mr.Mauricio Vargas and published by International Monetary Fund. This book was released on 2015-01-14 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: As emphasized by Hausmann, Rodrik and Velasco, the policy challenge of boosting growth requires prioritization and identifying what are the most binding constraints. This paper draws on firm-level data from the World Bank Enterprise Survey, which suggests that the obstacles for the functioning of firms is related to firm size. Recognizing the potential endogeneity and simultaneity between firms' constraints and firm size, we implement an Ordered-Probit model with a potential categorical endogenous regressor to estimate, for the case of Bolivia, the conditional probability of facing obstacles given the firm size category, while controlling for other factors. The results confirm the importance of allowing for the roles of firm size in identifying constraints and suggest priorities for policies to remove constraints to economic performance.
Book Synopsis Economic Growth and the Balance-of-Payments Constraint by : John McCombie
Download or read book Economic Growth and the Balance-of-Payments Constraint written by John McCombie and published by Springer. This book was released on 2016-07-27 with total page 646 pages. Available in PDF, EPUB and Kindle. Book excerpt: '... a well written book ... covering ... a vast amount of material ... well balanced between the theoretical and applied works. The authors are judicious and fair in providing a balanced treatment of the two alternative theories of growth performance: supply-oriented and demand-oriented. The book will serve as a guideline to researchers and policymakers ... as a textbook for upperdivision undergraduate and graduate courses.'- Kashi Nath Tiwari, Kennesaw State College This is the first book of its kind to argue in a consistent and comprehensive way the idea that a country's growth performance cannot be properly understood without reference to the performance of its tradeable goods sector and the strength of its balance of payments. It puts forward a demand orientated theory of why growth rates differ between countries where the major constraint on demand is the balance of payments. The book is critical of neoclassical growth analysis and provides an alternative theory of growth performance to the supply orientated approach of neoclassical theory. There are theoretical chapters comparing and contrasting neoclassical growth analysis with the new demand orientated approach, and empirical sections which apply the new model to regions and countries, including two case studies of the UK and Australia.
Book Synopsis Potentials and Constraints for Economic Development by : East Tennessee Development District
Download or read book Potentials and Constraints for Economic Development written by East Tennessee Development District and published by . This book was released on 1978 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Diagnosing Human Capital as a Binding Constraint to Growth by : Miguel Angel Santos
Download or read book Diagnosing Human Capital as a Binding Constraint to Growth written by Miguel Angel Santos and published by Cambridge University Press. This book was released on 2021-12-16 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The empirical literature on the contributions of human capital investments to economic growth shows mixed results. While evidence from OECD countries demonstrates that human capital accumulation is associated with growth accelerations, the substantial efforts of developing countries to improve access to and quality of education, as a means for skill accumulation, did not translate into higher income per capita. In this Element, we propose a framework, building on the principles of 'growth diagnostics', to enable practitioners to determine whether human capital investments are a priority for a country's growth strategy. We then discuss and exemplify different tests to diagnose human capital in a place, drawing on the Harvard Growth Lab's experience in different development context, and discuss various policy options to address skill shortages.
Book Synopsis Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality by : Ms.Era Dabla-Norris
Download or read book Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality written by Ms.Era Dabla-Norris and published by International Monetary Fund. This book was released on 2015-01-27 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a micro-founded general equilibrium model with heterogeneous agents to identify pertinent constraints to financial inclusion. We evaluate quantitatively the policy impacts of relaxing each of these constraints separately, and in combination, on GDP and inequality. We focus on three dimensions of financial inclusion: access (determined by the size of participation costs), depth (determined by the size of collateral constraints resulting from limited commitment), and intermediation efficiency (determined by the size of interest rate spreads and default possibilities due to costly monitoring). We take the model to a firm-level data from the World Bank Enterprise Survey for six countries at varying degrees of economic development—three low-income countries (Uganda, Kenya, Mozambique), and three emerging market countries (Malaysia, the Philippines, and Egypt). The results suggest that alleviating different financial frictions have a differential impact across countries, with country-specific characteristics playing a central role in determining the linkages and tradeoffs between inclusion, GDP, inequality, and the distribution of gains and losses.
Book Synopsis Myths and Reality of External Constraints on Development by : James Riedel
Download or read book Myths and Reality of External Constraints on Development written by James Riedel and published by Trade Policy Research Centre London. This book was released on 1987 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Challenge of Economic Development by : Norman L. Hicks
Download or read book The Challenge of Economic Development written by Norman L. Hicks and published by AuthorHouse. This book was released on 2011 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a general overview of the challenges of economic development for the five billion people living in developing countries. While they constitute over 80 percent of the world's population, they account for only 40% of the world's output, and are home to 2.6 billion people living on less than $2.00 per day. Thinking on economic development has shifted over time. Early theories that stressed capital formation and a heavy reliance on the public sector proved inadequate. Gradually, economists began to see that development was a complex, multifaceted problem that combined economic issues with problems of poverty and income distribution, insititution building and governance. While there have been many failures, there have also been many successes. Countries such as China, Chile, Ghana, and Korea demonstrate that good policies and strong institutions can result in remarkable progress. However, many poor countries, particularly those in Africa continue to lag behind. Closing this gap remains a major challenge for the world, particularly as the growing population and output of developing countries accelerate tensions in such areas as trade, immigration and financial flows.
Book Synopsis Challenges Of Economic Development In The Middle East And North Africa Region by : Julia C Devlin
Download or read book Challenges Of Economic Development In The Middle East And North Africa Region written by Julia C Devlin and published by World Scientific. This book was released on 2010-01-20 with total page 566 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book surveys major economic issues in the development of countries in the Middle East and North Africa (MENA) region since World War II. It presents a framework of analysis highlighting underlying continuities in the region's approach to issues of growth, management of oil and natural resources, post-conflict environments, progress in trade liberalization and regional integration, the use of industrial policy, labor market adjustment and unemployment, educational attainment and poverty incidence. At the same time, this book focuses on emerging differences across countries in the region in the prevailing approach to addressing such challenges most notably between the economies of the Gulf Cooperation Council and other MENA countries.This book also incorporates a discussion of tools and methods used by development practitioners and briefly examines issues of aid effectiveness. The approach used is intended to appeal to a wide audience including students of economic development, political scientists and development practitioners.
Book Synopsis Net Worth, Credit Constraints and Economic Development by : Masaya Sakuragawa
Download or read book Net Worth, Credit Constraints and Economic Development written by Masaya Sakuragawa and published by . This book was released on 1993 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economics of the Government Budget Constraint by : Stanley Fischer
Download or read book The Economics of the Government Budget Constraint written by Stanley Fischer and published by World Bank Publications. This book was released on 1989 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Industry Level Analysis by : Vincent Palmade
Download or read book Industry Level Analysis written by Vincent Palmade and published by World Bank Publications. This book was released on 2005 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: "There are many economic diagnostic tools available which are trying to identify the constraints to economic growth in a given country. Unfortunately these tools tend to provide inconclusive and often conflicting answers as to what the most important constraints are. Even more worrisome, they tend to overlook the many industry-specific policy and enforcement issues which, collectively, have been found to be the most important constraints to economic growth. This is the key finding from more than 10 years of economic research by the McKinsey Global Institute (MGI). The MGI Country studies have been uniquely based on the in-depth analysis of a representative sample of industries where clear causality links could be established between factors in the firms' external environment and their behavior, in particular through the analysis of competitive dynamics. They showed in detail how industry-specific policy and enforcement issues were the main constraints to private investment and fair competition-the two drivers of productivity and thus economic growth. This finding implies that governments and international financial institutions should rely on in-depth industry level analysis to uncover product market competition issues and set reform priorities. These analyses should include the often overlooked but critically important domestic service sectors such as retail and housing construction."--World Bank web site.
Book Synopsis Causes of and Constraints to Agricultural and Economic Development by : Laurian J. Unnevehr
Download or read book Causes of and Constraints to Agricultural and Economic Development written by Laurian J. Unnevehr and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Constraints on the Economic Development of Zambia by : Charles Elliott
Download or read book Constraints on the Economic Development of Zambia written by Charles Elliott and published by Nairobi : Oxford University Press. This book was released on 1971 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Too many people believe that the only constraints on a developing economy are the normal ones of shortage of capital and foreign exchange. The assumption that all would be well if these two hurdles were eliminated is demonstrated not to be true in the case of Zambia in this book of interrelated readings on Zambia's economy.
Book Synopsis Making the Global Economy Work for Everyone by : Marco Magnani
Download or read book Making the Global Economy Work for Everyone written by Marco Magnani and published by Springer Nature. This book was released on 2022-01-24 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Covid-19 pandemic has revealed the weaknesses of globalisation, exposed the fragility of the current growth model, and accelerated the ongoing tech revolution. This book is an in-depth analysis of these weaknesses and fragilities in the context of sustainability. Economist Marco Magnani suggests the possibility of pursuing a more balanced, environmentally and socially sustainable growth while defusing today’s apocalyptic alarmism about climate change, energy and demographic constraints, and the future of work. To make the global economy work for everyone.
Book Synopsis Papua New Guinea: Critical Development Constraints by : Asian Development Bank
Download or read book Papua New Guinea: Critical Development Constraints written by Asian Development Bank and published by Asian Development Bank. This book was released on 2012-04-01 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papua New Guinea's economic growth has outpaced the majority of economies in Southeast Asia and the Pacific since 2007. Its development challenges, however, remain daunting, and it lags behind other countries in the region in terms of per capita income and achievement of the Millennium Development Goals. This raises the question of how the country can make its economic growth high, sustained, inclusive, and broad-based to more effectively improve its population's welfare. This report identifies the critical constraints to these objectives and discusses policy options to help overcome such constraints.
Book Synopsis The Influence of Resource Constraints Upon Planning Worldwide Economic Development, by R.L. Meier by : Richard L. Meier
Download or read book The Influence of Resource Constraints Upon Planning Worldwide Economic Development, by R.L. Meier written by Richard L. Meier and published by . This book was released on 1967 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Special Economic Zones by : Thomas Farole
Download or read book Special Economic Zones written by Thomas Farole and published by World Bank Publications. This book was released on 2011-08-01 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: For countries as diverse as China and Mauritius, Special Economic Zones (SEZs) have been a powerful tool to attract foreign investment, promote export-oriented growth, and generate employment; for many others, the results have been less than encouraging. While the benefits and limitations of zones will no doubt continue to be debated, what is clear is that policymakers are increasingly attracted to them as an instrument of trade, investment, industrial, and spatial policy. Since the mid 1980s, the number of newly-established zones has grown rapidly in almost all regions, with dramatic growth in developing countries. In parallel with this growth and in the evolving context of global trade and investment, zones are also undergoing significant change in both their form and function, with traditional export processing zones (EPZs) increasingly giving way to larger and more flexible SEZ models. This new context will bring significant opportunities for developing countries to take advantage of SEZs, but will also raise new challenges to their successful design and implementation. This volume aims to contribute to a better understanding of the role and practice of SEZs in developing countries, in order to better equip policymakers in making effective decisions in planning and implementing SEZ programs. It covers some of the emerging issues and challenges in SEZs including upgrading, regional integration, WTO compliance, innovation, the environment, and gender issues with practical case examples from SEZ programs in developing countries.
