Increasing Productivity Growth in Middle Income Countries:
Many small middle-income countries (SMICs) in sub-Saharan Africa (SSA) have experienced a moderation in growth in recent years. Although factor accumulation, most notably capital deepening, was crucial to the success of many SMICs historically, this growth model appears to have run its course. The a...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2015
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| Schriftenreihe: | IMF Working Papers: Working Paper No. 15 / 2
|
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | Many small middle-income countries (SMICs) in sub-Saharan Africa (SSA) have experienced a moderation in growth in recent years. Although factor accumulation, most notably capital deepening, was crucial to the success of many SMICs historically, this growth model appears to have run its course. The analysis in this paper suggests that the decline in the contribution of total factor Productivity (TFP) to growth is largely responsible for the slowdown in trend growth in many SMICs, which highlights the need for policy actions to reinvigorate Productivity growth. This paper explores the question of what kind of structural policies could boost Productivity growth in SMICs and the political economy factors that may be contributing to the slow implementation of these critical reforms in these countries. The findings suggest that although macroeconomic stability and trade openness are necessary for Productivity growth, they are not sufficient. SMICs need to improve the quality of their public spending, most notably in education to minimize the skill mismatch in the labor market, reduce the regulatory burden on firms, improve access to finance by small and medium-sized enterprises and create the enabling environment to facilitate structural transformation in these economies |
| Beschreibung: | 1 Online-Ressource (29 p) |
| ISBN: | 1484328434 9781484328439 |
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| 520 | 3 | |a Many small middle-income countries (SMICs) in sub-Saharan Africa (SSA) have experienced a moderation in growth in recent years. Although factor accumulation, most notably capital deepening, was crucial to the success of many SMICs historically, this growth model appears to have run its course. The analysis in this paper suggests that the decline in the contribution of total factor Productivity (TFP) to growth is largely responsible for the slowdown in trend growth in many SMICs, which highlights the need for policy actions to reinvigorate Productivity growth. This paper explores the question of what kind of structural policies could boost Productivity growth in SMICs and the political economy factors that may be contributing to the slow implementation of these critical reforms in these countries. The findings suggest that although macroeconomic stability and trade openness are necessary for Productivity growth, they are not sufficient. SMICs need to improve the quality of their public spending, most notably in education to minimize the skill mismatch in the labor market, reduce the regulatory burden on firms, improve access to finance by small and medium-sized enterprises and create the enabling environment to facilitate structural transformation in these economies | |
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| id | DE-604.BV048355283 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:36Z |
| indexdate | 2024-07-10T09:35:46Z |
| institution | BVB |
| isbn | 1484328434 9781484328439 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033734551 |
| oclc_num | 1337132659 |
| open_access_boolean | |
| owner | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
| owner_facet | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
| physical | 1 Online-Ressource (29 p) |
| psigel | ZDB-1-IMF |
| publishDate | 2015 |
| publishDateSearch | 2015 |
| publishDateSort | 2015 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF Working Papers: Working Paper No. 15 / 2 |
| spelling | Abdychev, Aidar Verfasser aut Increasing Productivity Growth in Middle Income Countries Abdychev, Aidar Washington, D.C International Monetary Fund 2015 1 Online-Ressource (29 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers: Working Paper No. 15 / 2 Many small middle-income countries (SMICs) in sub-Saharan Africa (SSA) have experienced a moderation in growth in recent years. Although factor accumulation, most notably capital deepening, was crucial to the success of many SMICs historically, this growth model appears to have run its course. The analysis in this paper suggests that the decline in the contribution of total factor Productivity (TFP) to growth is largely responsible for the slowdown in trend growth in many SMICs, which highlights the need for policy actions to reinvigorate Productivity growth. This paper explores the question of what kind of structural policies could boost Productivity growth in SMICs and the political economy factors that may be contributing to the slow implementation of these critical reforms in these countries. The findings suggest that although macroeconomic stability and trade openness are necessary for Productivity growth, they are not sufficient. SMICs need to improve the quality of their public spending, most notably in education to minimize the skill mismatch in the labor market, reduce the regulatory burden on firms, improve access to finance by small and medium-sized enterprises and create the enabling environment to facilitate structural transformation in these economies Online-Ausg Jirasavetakul, La-Bhus Fah Sonstige oth Jonelis, Andrew W Sonstige oth Leigh, Lamin Sonstige oth Moheeput, Ashwin Sonstige oth Parulian, Friska Sonstige oth Stepanyan, Ara Sonstige oth Touna Mama, Albert Sonstige oth http://elibrary.imf.org/view/IMF001/22250-9781484328439/22250-9781484328439/22250-9781484328439.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Abdychev, Aidar Increasing Productivity Growth in Middle Income Countries |
| title | Increasing Productivity Growth in Middle Income Countries |
| title_auth | Increasing Productivity Growth in Middle Income Countries |
| title_exact_search | Increasing Productivity Growth in Middle Income Countries |
| title_exact_search_txtP | Increasing Productivity Growth in Middle Income Countries |
| title_full | Increasing Productivity Growth in Middle Income Countries Abdychev, Aidar |
| title_fullStr | Increasing Productivity Growth in Middle Income Countries Abdychev, Aidar |
| title_full_unstemmed | Increasing Productivity Growth in Middle Income Countries Abdychev, Aidar |
| title_short | Increasing Productivity Growth in Middle Income Countries |
| title_sort | increasing productivity growth in middle income countries |
| url | http://elibrary.imf.org/view/IMF001/22250-9781484328439/22250-9781484328439/22250-9781484328439.xml |
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