Exploring Lebanon's Growth Prospects:
This paper attempts to identify Lebanon's greatest constraints to economic growth, following a growth diagnosis approach. It concludes that fiscal imbalances and barriers to entry are most binding on long-term growth. Macroeconomic imbalances and related perceived risks affect the nature of inv...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
The World Bank
2007
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Schlagworte: | |
Online-Zugang: | Volltext |
Zusammenfassung: | This paper attempts to identify Lebanon's greatest constraints to economic growth, following a growth diagnosis approach. It concludes that fiscal imbalances and barriers to entry are most binding on long-term growth. Macroeconomic imbalances and related perceived risks affect the nature of investment decisions in Lebanon, in favor of liquid instruments rather than longer-term productive investments. Further, many barriers to entry discourage agents from investing in a number of markets: legal impediments to competition, corruption, and a set of fiscal incentives favoring the allocation of resources to non-tradable sectors, where potential demand and investment opportunities are scarcer. In turn, using a steady-state computable general equilibrium model, the paper assesses the long-term growth impact of a selected set of policy reforms envisaged to lift such constraints. Results suggest that 1 to 2 percentage points of additional GDP growth per year could be gained through public expenditure reform, greater domestic competition, and tax harmonization |
Beschreibung: | 1 Online-Ressource (32 Seiten) |
Internformat
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520 | 1 | |a This paper attempts to identify Lebanon's greatest constraints to economic growth, following a growth diagnosis approach. It concludes that fiscal imbalances and barriers to entry are most binding on long-term growth. Macroeconomic imbalances and related perceived risks affect the nature of investment decisions in Lebanon, in favor of liquid instruments rather than longer-term productive investments. Further, many barriers to entry discourage agents from investing in a number of markets: legal impediments to competition, corruption, and a set of fiscal incentives favoring the allocation of resources to non-tradable sectors, where potential demand and investment opportunities are scarcer. In turn, using a steady-state computable general equilibrium model, the paper assesses the long-term growth impact of a selected set of policy reforms envisaged to lift such constraints. Results suggest that 1 to 2 percentage points of additional GDP growth per year could be gained through public expenditure reform, greater domestic competition, and tax harmonization | |
534 | |c 2007 | ||
653 | |a Access to Finance | ||
653 | |a Barriers to entry | ||
653 | |a Competitiveness | ||
653 | |a Currencies and Exchange Rates | ||
653 | |a Damages | ||
653 | |a Debt | ||
653 | |a Debt Markets | ||
653 | |a Economic Theory and Research | ||
653 | |a Economic activity | ||
653 | |a Emerging Markets | ||
653 | |a Equilibrium | ||
653 | |a Finance and Financial Sector Development | ||
653 | |a GDP | ||
653 | |a Growth potential | ||
653 | |a Macroeconomics and Economic Growth | ||
653 | |a Private Sector Development | ||
653 | |a Private property | ||
653 | |a Real GDP | ||
700 | 1 | |a Nahas, Charbel |e Sonstige |4 oth | |
700 | 1 | |a Dessus, Sébastien |e Sonstige |0 (DE-588)170990028 |4 oth | |
776 | 0 | 8 | |i Reproduktion von |a Berthélemy, Jean-Claude |t Exploring Lebanon's Growth Prospects |d 2007 |
856 | 4 | 0 | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4332 |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
912 | |a ZDB-1-WBA | ||
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Datensatz im Suchindex
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adam_text | |
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author | Berthélemy, Jean-Claude |
author_GND | (DE-588)170303454 (DE-588)170990028 |
author_facet | Berthélemy, Jean-Claude |
author_role | aut |
author_sort | Berthélemy, Jean-Claude |
author_variant | j c b jcb |
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collection | ZDB-1-WBA |
ctrlnum | (ZDB-1-WBA)09322883X (OCoLC)837719060 (DE-599)GBVNLM005464986 |
discipline | Wirtschaftswissenschaften |
format | Electronic eBook |
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illustrated | Not Illustrated |
indexdate | 2024-12-29T04:07:30Z |
institution | BVB |
language | English |
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physical | 1 Online-Ressource (32 Seiten) |
psigel | ZDB-1-WBA |
publishDate | 2007 |
publishDateSearch | 2007 |
publishDateSort | 2007 |
publisher | The World Bank |
record_format | marc |
spellingShingle | Berthélemy, Jean-Claude Exploring Lebanon's Growth Prospects |
title | Exploring Lebanon's Growth Prospects |
title_auth | Exploring Lebanon's Growth Prospects |
title_exact_search | Exploring Lebanon's Growth Prospects |
title_full | Exploring Lebanon's Growth Prospects Berthelemy, Jean-Claude |
title_fullStr | Exploring Lebanon's Growth Prospects Berthelemy, Jean-Claude |
title_full_unstemmed | Exploring Lebanon's Growth Prospects Berthelemy, Jean-Claude |
title_short | Exploring Lebanon's Growth Prospects |
title_sort | exploring lebanon s growth prospects |
url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4332 |
work_keys_str_mv | AT berthelemyjeanclaude exploringlebanonsgrowthprospects AT nahascharbel exploringlebanonsgrowthprospects AT dessussebastien exploringlebanonsgrowthprospects |