Ethiopia’s Growth Acceleration and How to Sustain It : Insights from a Cross-Country Regression Model

Ethiopia has experienced a growth acceleration over the past decade on the back of an economic strategy emphasizing public infrastructure investment and supported by heterodox macro-financial policies. To analyze the country’s growth performance du...

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Bibliographic Details
Main Authors:	Moller, Lars Christian, Wacker, Konstantin M.
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	ECONOMIC BOOM FORECASTS GROWTH RATES MONETARY POLICY GOVERNMENT EXPENDITURES POLICY REFORMS ECONOMIC GROWTH NATIONAL ACCOUNTS CAPITAL ACCUMULATION LAGS REAL INTEREST RATES VALUATION STRUCTURAL CHANGE STABILIZATION POLICIES INCOME INTEREST MACROECONOMIC MANAGEMENT INVESTMENT RATE MARGINAL COST INTEREST RATE REAL GDP EXCHANGE MACROECONOMIC POLICY GDP PER CAPITA TELEPHONE COVERAGE RESOURCE ALLOCATION LIQUIDITY EXPORTS DEVELOPING COUNTRIES MARGINAL PRODUCT POLITICAL ECONOMY GROWTH MODEL PUBLIC INFRASTRUCTURE ECONOMIC POLICY DEVALUATION HIGH INFLATION VARIABLES TRADE OPENNESS BENCHMARKS INPUTS DEVELOPMENT GOALS INFLATION TRENDS ECONOMIC OUTLOOK CENTRAL BANK LENDING BANK LENDING CENTRAL BANK DEVELOPMENT INDIVIDUAL POLICIES STANDARD DEVIATION INFLUENCE EMPIRICAL RESULTS TOTAL FACTOR PRODUCTIVITY PER CAPITA INCOME EXPORT GROWTH TELECOMMUNICATIONS LOW-INCOME COUNTRIES INCOME INEQUALITY ECONOMIC DOWNTURNS RELATIVE IMPORTANCE BASE YEAR PRODUCTIVITY ECONOMETRICS INDUSTRIALIZATION MONOPOLY DEMOCRATIC INSTITUTIONS DEBT PER CAPITA GROWTH INFLATION RATE INCOME LEVELS ECONOMIC REFORMS TRADE POLICY BASKET OF GOODS NATURAL RESOURCES AVERAGING INTEREST RATE EFFECT PUBLIC INVESTMENT MACROECONOMIC STABILIZATION EXTERNAL FACTORS TAXES INFRASTRUCTURE INVESTMENT LEADING INDICATORS PRODUCTIVITY GROWTH CONSUMPTION EMPIRICAL GROWTH MODEL HUMAN CAPITAL VALUE ADDED OPPORTUNITY COST CAPITAL WAGES POPULATION SHARE INTERNATIONAL TRADE OPEN MARKET OPERATIONS ECONOMETRIC ANALYSIS MACROECONOMIC OUTCOMES FINANCIAL POLICIES EXTERNAL CONDITIONS VALUE BENCHMARKING COMPETITIVENESS CREDIT MACROECONOMICS STATE-OWNED ENTERPRISES NATIONAL INCOME FACTOR PRICES AGRICULTURE GROWTH MODELS MEASUREMENT ERROR TERM REAL EXCHANGE RATE BENCHMARK ECONOMIC THEORY GLOBAL CONDITIONS POLICY PERSPECTIVE ECONOMICS FIXED EFFECTS TRADE GDP GOODS THEORY FINANCIAL DEVELOPMENT GROWTH RATE INVESTMENT GROWTH POLICY GROWTH REGRESSIONS TOTAL FACTOR PRODUCTIVITY GROWTH CREDIT RATIONING GROWTH PERFORMANCE POVERTY GROWTH REGRESSION COUNTRY CHARACTERISTICS ECONOMIC TRENDS GINI COEFFICIENT OVERVALUATION CAPITAL ACCOUNTS POLICY RESEARCH GROWTH POLICIES HIGH GROWTH MACROECONOMIC POLICIES EXCHANGE RATE PUBLIC SPENDING OUTCOMES CONSUMPTION INCREASES DEVELOPMENT INDICATORS POSITIVE EFFECTS MIDDLE INCOME COUNTRIES PRICES LONG RUN GROWTH PROJECTIONS DEVELOPMENT POLICY HUMAN DEVELOPMENT FUTURE RESEARCH GROWTH
Online Access:	http://documents.worldbank.org/curated/en/2015/06/24596060/ethiopia’s-growth-acceleration-sustain-itinsights-cross-country-regression-model http://hdl.handle.net/10986/22164

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http://documents.worldbank.org/curated/en/2015/06/24596060/ethiopia’s-growth-acceleration-sustain-itinsights-cross-country-regression-model
http://hdl.handle.net/10986/22164

Ethiopia’s Growth Acceleration and How to Sustain It : Insights from a Cross-Country Regression Model

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