Unleashing Central America's Growth Potential : Costa Rica
Costa Rica has seen remarkable social and economic progress over the last three decades, with income per capita doubling, and well-being indicators reaching levels comparable with countries of the Organization of Economic Cooperation and Developmen...
| Main Authors: | , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/840121623663348387/Costa-Rica-Unleashing-Central-Americas-Growth-Potential http://hdl.handle.net/10986/35792 |
| Summary: | Costa Rica has seen remarkable social
and economic progress over the last three decades, with
income per capita doubling, and well-being indicators
reaching levels comparable with countries of the
Organization of Economic Cooperation and Development (OECD).
Nevertheless, the country still faces substantial challenges
if it is to continue advancing toward higher living
standards. The objective of this study is to investigate the
drivers and constraints of growth and productivity in Costa
Rica and explore areas with high growth potential. This
study contributes to the existing body of work on Costa Rica
by employing a wide range of analytical tools to analyze the
growth performance of the country from different angles. The
analysis employs several quantitative methods to provide an
objective assessment of the drivers and constraints of
growth in Costa Rica, including the long-term growth model
(LTGM), computable general equilibrium model (CGE), growth
diagnostics and product space analyses. The novelty of this
study is that it employs the same framework, analytical
tools and data to conduct a parallel analysis for each
Central American country to allow for a cross-country
comparison. Given the wide breadth of the study, in terms of
the methodologies used, themes analyzed, and countries
covered, it does not envisage to deep dive into each driver
and constraint of Costa Rica’s growth to provide granular
policy recommendations. |
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