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...
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/840121623663348387/Costa-Rica-Unleashing-Central-Americas-Growth-Potential http://hdl.handle.net/10986/35792 |
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okr-10986-357922021-06-23T05:11:35Z Unleashing Central America's Growth Potential : Costa Rica Ulku, Hulya Zaourak, Gabriel GROWTH DRIVERS TOTAL FACTOR PRODUCTIVITY EMPLOYMENT LABOR PRODUCTIVITY GROWTH DIAGNOSTIC INFRASTRUCTURE DIGITAL ECONOMY FINANCIAL SECTOR DEVELOPMENT PROPERTY RIGHTS EXPORT DIVERSIFICATION 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. 2021-06-22T12:53:51Z 2021-06-22T12:53:51Z 2021-06-14 Report http://documents.worldbank.org/curated/en/840121623663348387/Costa-Rica-Unleashing-Central-Americas-Growth-Potential http://hdl.handle.net/10986/35792 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: General Economy, Macroeconomics and Growth Study Latin America & Caribbean Costa Rica |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
GROWTH DRIVERS TOTAL FACTOR PRODUCTIVITY EMPLOYMENT LABOR PRODUCTIVITY GROWTH DIAGNOSTIC INFRASTRUCTURE DIGITAL ECONOMY FINANCIAL SECTOR DEVELOPMENT PROPERTY RIGHTS EXPORT DIVERSIFICATION |
| spellingShingle |
GROWTH DRIVERS TOTAL FACTOR PRODUCTIVITY EMPLOYMENT LABOR PRODUCTIVITY GROWTH DIAGNOSTIC INFRASTRUCTURE DIGITAL ECONOMY FINANCIAL SECTOR DEVELOPMENT PROPERTY RIGHTS EXPORT DIVERSIFICATION Ulku, Hulya Zaourak, Gabriel Unleashing Central America's Growth Potential : Costa Rica |
| geographic_facet |
Latin America & Caribbean Costa Rica |
| description |
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. |
| format |
Report |
| author |
Ulku, Hulya Zaourak, Gabriel |
| author_facet |
Ulku, Hulya Zaourak, Gabriel |
| author_sort |
Ulku, Hulya |
| title |
Unleashing Central America's Growth Potential : Costa Rica |
| title_short |
Unleashing Central America's Growth Potential : Costa Rica |
| title_full |
Unleashing Central America's Growth Potential : Costa Rica |
| title_fullStr |
Unleashing Central America's Growth Potential : Costa Rica |
| title_full_unstemmed |
Unleashing Central America's Growth Potential : Costa Rica |
| title_sort |
unleashing central america's growth potential : costa rica |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/en/840121623663348387/Costa-Rica-Unleashing-Central-Americas-Growth-Potential http://hdl.handle.net/10986/35792 |
| _version_ |
1764483786366517248 |