Author : Ms.Evridiki Tsounta
Publisher : International Monetary Fund
ISBN 13 : 1498304710
Total Pages : 23 pages
Book Rating : 4.4/5 (983 download)
Book Synopsis Slowdown in Emerging Markets by : Ms.Evridiki Tsounta
Download or read book Slowdown in Emerging Markets written by Ms.Evridiki Tsounta and published by International Monetary Fund. This book was released on 2014-11-14 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following very strong growth during the period 2000–12, emerging market economies (EMEs) experienced a slowdown in the last couple of years. This paper examines the supply-side drivers of the strong growth performance of 63 EMEs and investigates if the recent slowdown in growth is transitory or a more permanent phenomenon. We find that on average the recent slowdown is explained equally by structural and cyclical factors, although there are large variations across countries and regions. While the cyclical component of the slowdown can be corrected by countercyclical policies (provided that there is sufficient policy space), structural bottlenecks are harder to address. Given the expected moderation of capital accumulation and some natural constraints on labor, the strong growth momentum of 2000–12 is unlikely to be repeated going forward, unless TFP performance improves significantly via structural reforms.