Peru Building on Success : Boosting Productivity for Faster Growth

Peru’s recent robust growth has raised its economic prospects and has been broadly shared. The next step in development - high-income status - is challenging for all middle income countries and requires sustained growth. Raising productivity growth...

Full description

Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2015
Subjects:	NATIONAL OUTPUT ECONOMIC GROWTH GROWTH—POLICY PRODUCTION LAGS SUNK COSTS STRUCTURAL CHANGE INCOME INTEREST EXPECTATIONS TRADE BARRIERS INTEREST RATE REAL GDP PROPERTY RIGHTS ELASTICITY OF DEMAND GDP PER CAPITA MACROECONOMIC POLICY LIQUIDITY EXPORTS ELASTICITY POLITICAL ECONOMY ECONOMIC STRUCTURE FISCAL POLICY GROSS VALUE INCENTIVES VARIABLES REAL INCOME INPUTS RETURNS TO SCALE PAYMENTS INFLATION REGIONAL PRODUCTIVITY DRIVERS CENTRAL BANK DEVELOPMENT MACROECONOMIC STABILITY PER CAPITA INCOMES LABOR MARKET INFLUENCE TOTAL FACTOR PRODUCTIVITY SAVINGS COSTS PER CAPITA INCOME DEVELOPMENT ECONOMICS EXPORT GROWTH TELECOMMUNICATIONS CONSTANT RETURNS TO SCALE FIXED COSTS EXCHANGE RATES PRODUCTIVITY FAILURES MONOPOLY CRITERIA BARRIERS TO ENTRY DEBT MARKETS LABOR MARKET ISSUES DIRECT VALUE INCOME LEVELS TRADE POLICY STANDARDS LABOR BASKET OF GOODS UTILITY NATURAL RESOURCES AVERAGING GROSS DOMESTIC PRODUCT FINANCE TRADE POLICIES ECONOMIC RESEARCH MACROECONOMIC STABILIZATION TAXES UNEMPLOYMENT DEREGULATION PRODUCTIVITY GROWTH CONSUMPTION HUMAN CAPITAL VALUE ADDED ECONOMIC PERFORMANCE CAPITAL WAGES ANTI-COMPETITIVE PRACTICES POLICIES ECONOMIC OUTCOMES INTERNATIONAL TRADE COMPETITION POLICY VALUE COMPETITIVENESS CREDIT ECONOMIC SECTORS COMPARATIVE ADVANTAGES DEMAND ECONOMY AGRICULTURE TARIFF BARRIERS GROWTH MODELS MEASUREMENT TRADE LIBERALIZATION PRODUCTION FUNCTION REGULATORY REGIMES REGRESSION ANALYSIS TAXATION TRADE REGULATORY POLICY FOREIGN COMPETITION GDP GOODS THEORY SECURITY ECONOMIES OF SCALE BANK LOANS COMPARATIVE ANALYSIS GROWTH RATE INVESTMENT EXTREME POVERTY MONOPOLIES COMPETITIVE ADVANTAGE SUPPLY DISCIPLINE PRODUCT MARKETS DECENTRALIZATION GINI COEFFICIENT INNOVATION BANKING SUPERVISION GDP DEFLATOR PRICE CONTROLS FINANCIAL SECTOR OUTCOMES MIDDLE INCOME COUNTRIES PRICES BENEFITS COMPETITION
Online Access:	http://documents.worldbank.org/curated/en/2015/10/25122535/peru-building-success-boosting-productivity-faster-growth http://hdl.handle.net/10986/22984

id	okr-10986-22984
recordtype	oai_dc
spelling	okr-10986-229842021-06-14T10:20:50Z Peru Building on Success : Boosting Productivity for Faster Growth World Bank NATIONAL OUTPUT ECONOMIC GROWTH GROWTH—POLICY PRODUCTION LAGS SUNK COSTS STRUCTURAL CHANGE INCOME INTEREST EXPECTATIONS TRADE BARRIERS INTEREST RATE REAL GDP PROPERTY RIGHTS ELASTICITY OF DEMAND GDP PER CAPITA MACROECONOMIC POLICY LIQUIDITY EXPORTS ELASTICITY POLITICAL ECONOMY ECONOMIC STRUCTURE FISCAL POLICY GROSS VALUE INCENTIVES VARIABLES REAL INCOME INPUTS RETURNS TO SCALE PAYMENTS INFLATION REGIONAL PRODUCTIVITY DRIVERS CENTRAL BANK DEVELOPMENT MACROECONOMIC STABILITY PER CAPITA INCOMES LABOR MARKET INFLUENCE TOTAL FACTOR PRODUCTIVITY SAVINGS COSTS PER CAPITA INCOME DEVELOPMENT ECONOMICS EXPORT GROWTH TELECOMMUNICATIONS CONSTANT RETURNS TO SCALE FIXED COSTS EXCHANGE RATES PRODUCTIVITY FAILURES MONOPOLY CRITERIA BARRIERS TO ENTRY DEBT MARKETS LABOR MARKET ISSUES DIRECT VALUE INCOME LEVELS TRADE POLICY STANDARDS LABOR BASKET OF GOODS UTILITY NATURAL RESOURCES AVERAGING GROSS DOMESTIC PRODUCT FINANCE TRADE POLICIES ECONOMIC RESEARCH MACROECONOMIC STABILIZATION TAXES UNEMPLOYMENT DEREGULATION PRODUCTIVITY GROWTH CONSUMPTION HUMAN CAPITAL VALUE ADDED ECONOMIC PERFORMANCE CAPITAL WAGES ANTI-COMPETITIVE PRACTICES POLICIES ECONOMIC OUTCOMES INTERNATIONAL TRADE COMPETITION POLICY VALUE COMPETITIVENESS CREDIT ECONOMIC SECTORS COMPARATIVE ADVANTAGES DEMAND ECONOMY AGRICULTURE TARIFF BARRIERS GROWTH MODELS MEASUREMENT TRADE LIBERALIZATION PRODUCTION FUNCTION REGULATORY REGIMES REGRESSION ANALYSIS TAXATION TRADE REGULATORY POLICY FOREIGN COMPETITION GDP GOODS THEORY SECURITY ECONOMIES OF SCALE BANK LOANS COMPARATIVE ANALYSIS GROWTH RATE INVESTMENT EXTREME POVERTY MONOPOLIES COMPETITIVE ADVANTAGE SUPPLY DISCIPLINE PRODUCT MARKETS DECENTRALIZATION GINI COEFFICIENT INNOVATION BANKING SUPERVISION GDP DEFLATOR PRICE CONTROLS FINANCIAL SECTOR OUTCOMES MIDDLE INCOME COUNTRIES PRICES BENEFITS COMPETITION Peru’s recent robust growth has raised its economic prospects and has been broadly shared. The next step in development - high-income status - is challenging for all middle income countries and requires sustained growth. Raising productivity growth is key to sustaining Peru’s high growth rates of income per capita, including in the context of a less favorable external environment. This report looks at Peru’s principal challenges and opportunities to maintain strong and inclusive growth through higher productivity. It will require a reduction of inefficiencies by reaping more benefits from international trade and an improved innovation framework. The report has five parts. Part one analyzes the sources of Peru’s recent strong growth. Part two examines more closely the dynamics and challenges to Peruvian firms’ productivity growth. Part three analyzes elements that will increase the efficiency of Peru’s labor and capital resources - regulation, labor markets, and human capital. Part four is focused on further opportunities to reduce misallocation while at the same time speeding up within-firm productivity through expanding Peru’s technological possibilities, particularly through innovation and the spillovers from international trade. Part five concludes. 2015-11-17T20:18:32Z 2015-11-17T20:18:32Z 2015 Report http://documents.worldbank.org/curated/en/2015/10/25122535/peru-building-success-boosting-productivity-faster-growth http://hdl.handle.net/10986/22984 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: General Economy, Macroeconomics, and Growth Study Peru
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	NATIONAL OUTPUT ECONOMIC GROWTH GROWTH—POLICY PRODUCTION LAGS SUNK COSTS STRUCTURAL CHANGE INCOME INTEREST EXPECTATIONS TRADE BARRIERS INTEREST RATE REAL GDP PROPERTY RIGHTS ELASTICITY OF DEMAND GDP PER CAPITA MACROECONOMIC POLICY LIQUIDITY EXPORTS ELASTICITY POLITICAL ECONOMY ECONOMIC STRUCTURE FISCAL POLICY GROSS VALUE INCENTIVES VARIABLES REAL INCOME INPUTS RETURNS TO SCALE PAYMENTS INFLATION REGIONAL PRODUCTIVITY DRIVERS CENTRAL BANK DEVELOPMENT MACROECONOMIC STABILITY PER CAPITA INCOMES LABOR MARKET INFLUENCE TOTAL FACTOR PRODUCTIVITY SAVINGS COSTS PER CAPITA INCOME DEVELOPMENT ECONOMICS EXPORT GROWTH TELECOMMUNICATIONS CONSTANT RETURNS TO SCALE FIXED COSTS EXCHANGE RATES PRODUCTIVITY FAILURES MONOPOLY CRITERIA BARRIERS TO ENTRY DEBT MARKETS LABOR MARKET ISSUES DIRECT VALUE INCOME LEVELS TRADE POLICY STANDARDS LABOR BASKET OF GOODS UTILITY NATURAL RESOURCES AVERAGING GROSS DOMESTIC PRODUCT FINANCE TRADE POLICIES ECONOMIC RESEARCH MACROECONOMIC STABILIZATION TAXES UNEMPLOYMENT DEREGULATION PRODUCTIVITY GROWTH CONSUMPTION HUMAN CAPITAL VALUE ADDED ECONOMIC PERFORMANCE CAPITAL WAGES ANTI-COMPETITIVE PRACTICES POLICIES ECONOMIC OUTCOMES INTERNATIONAL TRADE COMPETITION POLICY VALUE COMPETITIVENESS CREDIT ECONOMIC SECTORS COMPARATIVE ADVANTAGES DEMAND ECONOMY AGRICULTURE TARIFF BARRIERS GROWTH MODELS MEASUREMENT TRADE LIBERALIZATION PRODUCTION FUNCTION REGULATORY REGIMES REGRESSION ANALYSIS TAXATION TRADE REGULATORY POLICY FOREIGN COMPETITION GDP GOODS THEORY SECURITY ECONOMIES OF SCALE BANK LOANS COMPARATIVE ANALYSIS GROWTH RATE INVESTMENT EXTREME POVERTY MONOPOLIES COMPETITIVE ADVANTAGE SUPPLY DISCIPLINE PRODUCT MARKETS DECENTRALIZATION GINI COEFFICIENT INNOVATION BANKING SUPERVISION GDP DEFLATOR PRICE CONTROLS FINANCIAL SECTOR OUTCOMES MIDDLE INCOME COUNTRIES PRICES BENEFITS COMPETITION
spellingShingle	NATIONAL OUTPUT ECONOMIC GROWTH GROWTH—POLICY PRODUCTION LAGS SUNK COSTS STRUCTURAL CHANGE INCOME INTEREST EXPECTATIONS TRADE BARRIERS INTEREST RATE REAL GDP PROPERTY RIGHTS ELASTICITY OF DEMAND GDP PER CAPITA MACROECONOMIC POLICY LIQUIDITY EXPORTS ELASTICITY POLITICAL ECONOMY ECONOMIC STRUCTURE FISCAL POLICY GROSS VALUE INCENTIVES VARIABLES REAL INCOME INPUTS RETURNS TO SCALE PAYMENTS INFLATION REGIONAL PRODUCTIVITY DRIVERS CENTRAL BANK DEVELOPMENT MACROECONOMIC STABILITY PER CAPITA INCOMES LABOR MARKET INFLUENCE TOTAL FACTOR PRODUCTIVITY SAVINGS COSTS PER CAPITA INCOME DEVELOPMENT ECONOMICS EXPORT GROWTH TELECOMMUNICATIONS CONSTANT RETURNS TO SCALE FIXED COSTS EXCHANGE RATES PRODUCTIVITY FAILURES MONOPOLY CRITERIA BARRIERS TO ENTRY DEBT MARKETS LABOR MARKET ISSUES DIRECT VALUE INCOME LEVELS TRADE POLICY STANDARDS LABOR BASKET OF GOODS UTILITY NATURAL RESOURCES AVERAGING GROSS DOMESTIC PRODUCT FINANCE TRADE POLICIES ECONOMIC RESEARCH MACROECONOMIC STABILIZATION TAXES UNEMPLOYMENT DEREGULATION PRODUCTIVITY GROWTH CONSUMPTION HUMAN CAPITAL VALUE ADDED ECONOMIC PERFORMANCE CAPITAL WAGES ANTI-COMPETITIVE PRACTICES POLICIES ECONOMIC OUTCOMES INTERNATIONAL TRADE COMPETITION POLICY VALUE COMPETITIVENESS CREDIT ECONOMIC SECTORS COMPARATIVE ADVANTAGES DEMAND ECONOMY AGRICULTURE TARIFF BARRIERS GROWTH MODELS MEASUREMENT TRADE LIBERALIZATION PRODUCTION FUNCTION REGULATORY REGIMES REGRESSION ANALYSIS TAXATION TRADE REGULATORY POLICY FOREIGN COMPETITION GDP GOODS THEORY SECURITY ECONOMIES OF SCALE BANK LOANS COMPARATIVE ANALYSIS GROWTH RATE INVESTMENT EXTREME POVERTY MONOPOLIES COMPETITIVE ADVANTAGE SUPPLY DISCIPLINE PRODUCT MARKETS DECENTRALIZATION GINI COEFFICIENT INNOVATION BANKING SUPERVISION GDP DEFLATOR PRICE CONTROLS FINANCIAL SECTOR OUTCOMES MIDDLE INCOME COUNTRIES PRICES BENEFITS COMPETITION World Bank Peru Building on Success : Boosting Productivity for Faster Growth
geographic_facet	Peru
description	Peru’s recent robust growth has raised its economic prospects and has been broadly shared. The next step in development - high-income status - is challenging for all middle income countries and requires sustained growth. Raising productivity growth is key to sustaining Peru’s high growth rates of income per capita, including in the context of a less favorable external environment. This report looks at Peru’s principal challenges and opportunities to maintain strong and inclusive growth through higher productivity. It will require a reduction of inefficiencies by reaping more benefits from international trade and an improved innovation framework. The report has five parts. Part one analyzes the sources of Peru’s recent strong growth. Part two examines more closely the dynamics and challenges to Peruvian firms’ productivity growth. Part three analyzes elements that will increase the efficiency of Peru’s labor and capital resources - regulation, labor markets, and human capital. Part four is focused on further opportunities to reduce misallocation while at the same time speeding up within-firm productivity through expanding Peru’s technological possibilities, particularly through innovation and the spillovers from international trade. Part five concludes.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Peru Building on Success : Boosting Productivity for Faster Growth
title_short	Peru Building on Success : Boosting Productivity for Faster Growth
title_full	Peru Building on Success : Boosting Productivity for Faster Growth
title_fullStr	Peru Building on Success : Boosting Productivity for Faster Growth
title_full_unstemmed	Peru Building on Success : Boosting Productivity for Faster Growth
title_sort	peru building on success : boosting productivity for faster growth
publisher	Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/10/25122535/peru-building-success-boosting-productivity-faster-growth http://hdl.handle.net/10986/22984
_version_	1764452522094755840

Peru Building on Success : Boosting Productivity for Faster Growth

Similar Items