Kosovo : Economic Memorandum
Prospects for economic growth depend upon the success of two overarching factors (1) mitigating risks related to political uncertainty and the maintenance of peace and security in the region; and (2) implementation of a policy program that promotes...
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| Format: | Country Economic Memorandum |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/05/4264427/kosovo-economic-memorandum http://hdl.handle.net/10986/15669 |
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okr-10986-15669 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
MACROECONOMIC STABILIZATION LABOR MARKET POLICIES SKILLED LABOR FORCE AGRICULTURAL PRODUCTIVITY EXPORT LED ECONOMIC GROWTH BUSINESS ENVIRONMENT VOCATIONAL TRAINING INFORMATION SYSTEMS REDEPLOYMENT COSTS PAYROLL TAXES EMPLOYMENT OPPORTUNITIES RISK MITIGATION POLITICAL RISKS PEACE SECURITY ARRANGEMENTS INFRASTRUCTURE REHABILITATION TRADE LIBERALIZATION TARIFF RATES VALUE ADDED TAXES TAX INCREASES TAX ADMINISTRATION PRIVATIZATION OF PUBLIC ENTERPRISES LIGNITE ELECTRIC POWER GRIDS MINING SECTOR STAFFING EFFICIENCY MEASURES ENTERPRISE RESTRUCTURING LAND USE LAW COURT ADMINISTRATION CREDITORS CONTRACT LAW AGRICULTURAL PRODUCTION AGRICULTURE APPROPRIATIONS AUTONOMY BENCHMARKS BORROWING BUDGETARY SUPPORT BUSINESS CLIMATE BUSINESS ENVIRONMENT CAPACITY BUILDING CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL MARKETS CAPITAL PROJECTS COMPARATIVE ADVANTAGE COMPETITIVE ADVANTAGE CPI DEBT DEBT SERVICE DEMOCRATIC INSTITUTIONS DEPOSITS DIRECT INVESTMENT DISPOSABLE INCOME ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC LEGISLATION ECONOMIC POLICIES ECONOMIC REFORM ELECTRICITY EMPIRICAL EVIDENCE ENFORCEABILITY ENTERPRISE SURVEYS EXCHANGE RATE EXPORTS FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICY FOREIGN EXCHANGE FREE TRADE GDP GDP PER CAPITA GLOBAL STANDARDS GOVERNANCE ENVIRONMENT GOVERNMENT EXPENDITURES GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HOUSING IMPORTS INCOME INFLATION INFLATION RATES INTERNATIONAL COMMUNITY INTERNATIONAL DEVELOPMENT INVESTMENT CLIMATE LABOR FORCE LEGAL FRAMEWORK LEGISLATION LIQUIDATION LOCAL ADMINISTRATION LOCAL GOVERNMENT MACROECONOMIC PERFORMANCE MACROECONOMIC STABILITY MARKET ECONOMY MINES MONETARY POLICY MUNICIPALITIES OWN SOURCE REVENUE PAYROLL TAXES PENSIONS POLICY INSTRUMENTS POLITICAL PARTIES PRICE STABILITY PRIVATE SECTOR PRIVATIZATION PRODUCERS PRODUCTIVITY PUBLIC EXPENDITURE PUBLIC INFRASTRUCTURE PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR WAGES PUBLIC SERVICES RECURRENT EXPENDITURES REVENUE GROWTH REVENUE PERFORMANCE ROADS SAVINGS STATE ENTERPRISES TARIFF BARRIERS TAX TAX REVENUE TAX SYSTEM TOTAL REVENUE TRADE DEFICIT TRADE POLICIES TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATE WAGES YOUTH |
| spellingShingle |
MACROECONOMIC STABILIZATION LABOR MARKET POLICIES SKILLED LABOR FORCE AGRICULTURAL PRODUCTIVITY EXPORT LED ECONOMIC GROWTH BUSINESS ENVIRONMENT VOCATIONAL TRAINING INFORMATION SYSTEMS REDEPLOYMENT COSTS PAYROLL TAXES EMPLOYMENT OPPORTUNITIES RISK MITIGATION POLITICAL RISKS PEACE SECURITY ARRANGEMENTS INFRASTRUCTURE REHABILITATION TRADE LIBERALIZATION TARIFF RATES VALUE ADDED TAXES TAX INCREASES TAX ADMINISTRATION PRIVATIZATION OF PUBLIC ENTERPRISES LIGNITE ELECTRIC POWER GRIDS MINING SECTOR STAFFING EFFICIENCY MEASURES ENTERPRISE RESTRUCTURING LAND USE LAW COURT ADMINISTRATION CREDITORS CONTRACT LAW AGRICULTURAL PRODUCTION AGRICULTURE APPROPRIATIONS AUTONOMY BENCHMARKS BORROWING BUDGETARY SUPPORT BUSINESS CLIMATE BUSINESS ENVIRONMENT CAPACITY BUILDING CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL MARKETS CAPITAL PROJECTS COMPARATIVE ADVANTAGE COMPETITIVE ADVANTAGE CPI DEBT DEBT SERVICE DEMOCRATIC INSTITUTIONS DEPOSITS DIRECT INVESTMENT DISPOSABLE INCOME ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC LEGISLATION ECONOMIC POLICIES ECONOMIC REFORM ELECTRICITY EMPIRICAL EVIDENCE ENFORCEABILITY ENTERPRISE SURVEYS EXCHANGE RATE EXPORTS FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICY FOREIGN EXCHANGE FREE TRADE GDP GDP PER CAPITA GLOBAL STANDARDS GOVERNANCE ENVIRONMENT GOVERNMENT EXPENDITURES GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HOUSING IMPORTS INCOME INFLATION INFLATION RATES INTERNATIONAL COMMUNITY INTERNATIONAL DEVELOPMENT INVESTMENT CLIMATE LABOR FORCE LEGAL FRAMEWORK LEGISLATION LIQUIDATION LOCAL ADMINISTRATION LOCAL GOVERNMENT MACROECONOMIC PERFORMANCE MACROECONOMIC STABILITY MARKET ECONOMY MINES MONETARY POLICY MUNICIPALITIES OWN SOURCE REVENUE PAYROLL TAXES PENSIONS POLICY INSTRUMENTS POLITICAL PARTIES PRICE STABILITY PRIVATE SECTOR PRIVATIZATION PRODUCERS PRODUCTIVITY PUBLIC EXPENDITURE PUBLIC INFRASTRUCTURE PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR WAGES PUBLIC SERVICES RECURRENT EXPENDITURES REVENUE GROWTH REVENUE PERFORMANCE ROADS SAVINGS STATE ENTERPRISES TARIFF BARRIERS TAX TAX REVENUE TAX SYSTEM TOTAL REVENUE TRADE DEFICIT TRADE POLICIES TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATE WAGES YOUTH World Bank Kosovo : Economic Memorandum |
| geographic_facet |
Europe and Central Asia Kosovo |
| description |
Prospects for economic growth depend
upon the success of two overarching factors (1) mitigating
risks related to political uncertainty and the maintenance
of peace and security in the region; and (2) implementation
of a policy program that promotes private sector- led
growth, including completion of the reconstruction effort.
Such a package of reforms might include the following
measures: Within a sound fiscal position proceed with
prioritized capital projects to complete the rehabilitation
of infrastructure, but resist unsustainable spending on
recurrent expenses such as the public sector wage bill.
Pursue improved trade relations within the region. Maintain
a uniform tariff rate and reduce the rate across the board.
Consider a compensating revenue effort to raise taxes from
the value-added tax, including through improved
administration. Proceed with privatization of socially-owned
enterprises and restructuring of publicly owned enterprises,
including privatization of land-use rights of public
enterprises (SOEs) slated for liquidation. Strengthen the
capacity of the municipal courts to implement and enforce
creditors rights and contracts. Rehabilitate the power
sector, including lignite mines, and pursue a strategy for
integrating with the regional power grid. Develop a strategy
for the revitalization of the rest of the mining sector.
Address overstaffing issues in private enterprises and SOEs,
address transitional unemployment issues and facilitate
redeployment to alternative productive activities. Keep the
labor market relatively unencumbered by payroll taxes.
Facilitate employment search. by linking information systems
to enterprise surveys and the provision of vocational
training. and then looking at the particulars of several
sectors. Chapter 2 looks at macroeconomic stability, and
considers the prospects for improving economic growth in
Kosovo. Chapter 3 discusses a conducive business Climate.
Chapter 4 examines the prospects for export-led growth in
the power, mining and agriculture sectors. These are three
sectors in which Kosovo could have a comparative advantage,
as it is relatively well endowed with (1) lignite, (2) other
minerals, and (3) fertile agricultural land; enjoys free
trade with the European Union and is geographically located
close to Western European markets. Finally, Chapter 5
reviews the labor market outcomes and policies for a liberal
labor market and an appropriately skilled labor force. |
| format |
Economic & Sector Work :: Country Economic Memorandum |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Kosovo : Economic Memorandum |
| title_short |
Kosovo : Economic Memorandum |
| title_full |
Kosovo : Economic Memorandum |
| title_fullStr |
Kosovo : Economic Memorandum |
| title_full_unstemmed |
Kosovo : Economic Memorandum |
| title_sort |
kosovo : economic memorandum |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/05/4264427/kosovo-economic-memorandum http://hdl.handle.net/10986/15669 |
| _version_ |
1764428597477507072 |
| spelling |
okr-10986-156692021-04-23T14:03:17Z Kosovo : Economic Memorandum World Bank MACROECONOMIC STABILIZATION LABOR MARKET POLICIES SKILLED LABOR FORCE AGRICULTURAL PRODUCTIVITY EXPORT LED ECONOMIC GROWTH BUSINESS ENVIRONMENT VOCATIONAL TRAINING INFORMATION SYSTEMS REDEPLOYMENT COSTS PAYROLL TAXES EMPLOYMENT OPPORTUNITIES RISK MITIGATION POLITICAL RISKS PEACE SECURITY ARRANGEMENTS INFRASTRUCTURE REHABILITATION TRADE LIBERALIZATION TARIFF RATES VALUE ADDED TAXES TAX INCREASES TAX ADMINISTRATION PRIVATIZATION OF PUBLIC ENTERPRISES LIGNITE ELECTRIC POWER GRIDS MINING SECTOR STAFFING EFFICIENCY MEASURES ENTERPRISE RESTRUCTURING LAND USE LAW COURT ADMINISTRATION CREDITORS CONTRACT LAW AGRICULTURAL PRODUCTION AGRICULTURE APPROPRIATIONS AUTONOMY BENCHMARKS BORROWING BUDGETARY SUPPORT BUSINESS CLIMATE BUSINESS ENVIRONMENT CAPACITY BUILDING CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL MARKETS CAPITAL PROJECTS COMPARATIVE ADVANTAGE COMPETITIVE ADVANTAGE CPI DEBT DEBT SERVICE DEMOCRATIC INSTITUTIONS DEPOSITS DIRECT INVESTMENT DISPOSABLE INCOME ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC LEGISLATION ECONOMIC POLICIES ECONOMIC REFORM ELECTRICITY EMPIRICAL EVIDENCE ENFORCEABILITY ENTERPRISE SURVEYS EXCHANGE RATE EXPORTS FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICY FOREIGN EXCHANGE FREE TRADE GDP GDP PER CAPITA GLOBAL STANDARDS GOVERNANCE ENVIRONMENT GOVERNMENT EXPENDITURES GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HOUSING IMPORTS INCOME INFLATION INFLATION RATES INTERNATIONAL COMMUNITY INTERNATIONAL DEVELOPMENT INVESTMENT CLIMATE LABOR FORCE LEGAL FRAMEWORK LEGISLATION LIQUIDATION LOCAL ADMINISTRATION LOCAL GOVERNMENT MACROECONOMIC PERFORMANCE MACROECONOMIC STABILITY MARKET ECONOMY MINES MONETARY POLICY MUNICIPALITIES OWN SOURCE REVENUE PAYROLL TAXES PENSIONS POLICY INSTRUMENTS POLITICAL PARTIES PRICE STABILITY PRIVATE SECTOR PRIVATIZATION PRODUCERS PRODUCTIVITY PUBLIC EXPENDITURE PUBLIC INFRASTRUCTURE PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR WAGES PUBLIC SERVICES RECURRENT EXPENDITURES REVENUE GROWTH REVENUE PERFORMANCE ROADS SAVINGS STATE ENTERPRISES TARIFF BARRIERS TAX TAX REVENUE TAX SYSTEM TOTAL REVENUE TRADE DEFICIT TRADE POLICIES TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATE WAGES YOUTH Prospects for economic growth depend upon the success of two overarching factors (1) mitigating risks related to political uncertainty and the maintenance of peace and security in the region; and (2) implementation of a policy program that promotes private sector- led growth, including completion of the reconstruction effort. Such a package of reforms might include the following measures: Within a sound fiscal position proceed with prioritized capital projects to complete the rehabilitation of infrastructure, but resist unsustainable spending on recurrent expenses such as the public sector wage bill. Pursue improved trade relations within the region. Maintain a uniform tariff rate and reduce the rate across the board. Consider a compensating revenue effort to raise taxes from the value-added tax, including through improved administration. Proceed with privatization of socially-owned enterprises and restructuring of publicly owned enterprises, including privatization of land-use rights of public enterprises (SOEs) slated for liquidation. Strengthen the capacity of the municipal courts to implement and enforce creditors rights and contracts. Rehabilitate the power sector, including lignite mines, and pursue a strategy for integrating with the regional power grid. Develop a strategy for the revitalization of the rest of the mining sector. Address overstaffing issues in private enterprises and SOEs, address transitional unemployment issues and facilitate redeployment to alternative productive activities. Keep the labor market relatively unencumbered by payroll taxes. Facilitate employment search. by linking information systems to enterprise surveys and the provision of vocational training. and then looking at the particulars of several sectors. Chapter 2 looks at macroeconomic stability, and considers the prospects for improving economic growth in Kosovo. Chapter 3 discusses a conducive business Climate. Chapter 4 examines the prospects for export-led growth in the power, mining and agriculture sectors. These are three sectors in which Kosovo could have a comparative advantage, as it is relatively well endowed with (1) lignite, (2) other minerals, and (3) fertile agricultural land; enjoys free trade with the European Union and is geographically located close to Western European markets. Finally, Chapter 5 reviews the labor market outcomes and policies for a liberal labor market and an appropriately skilled labor force. 2013-09-05T16:32:58Z 2013-09-05T16:32:58Z 2004-05-18 http://documents.worldbank.org/curated/en/2004/05/4264427/kosovo-economic-memorandum http://hdl.handle.net/10986/15669 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Economic Memorandum Economic & Sector Work Europe and Central Asia Kosovo |