Growth Trends in the Developing World : Country Forecasts and Determinants

Growth Trends in the Developing World : Country Forecasts and Determinants

The authors present real per capita GDP growth forecasts for all developing countries for the period 2005-14. For 55 of these countries, representing major world regions and accounting for close to 80 percent of the developing world's GDP, they forecast the growth effects of the main forces und...

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Bibliographic Details
Main Authors: Ianchovichina, Elena, Kacker, Pooja
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
CONTINUED IMPROVEMENT
FINANCIAL DEEPENING
GROWTH DIVIDEND
INFRASTRUCTURE
SECONDARY SCHOOL ENROLLMENT
TRADE OPENNESS
Online Access:http://documents.worldbank.org/curated/en/2005/11/6423948/growth-trends-developing-world-country-forecasts-determinants
http://hdl.handle.net/10986/8574
id okr-10986-8574
recordtype oai_dc
spelling okr-10986-85742021-04-23T14:02:43Z Growth Trends in the Developing World : Country Forecasts and Determinants Ianchovichina, Elena Kacker, Pooja CONTINUED IMPROVEMENT FINANCIAL DEEPENING GROWTH DIVIDEND INFRASTRUCTURE SECONDARY SCHOOL ENROLLMENT TRADE OPENNESS The authors present real per capita GDP growth forecasts for all developing countries for the period 2005-14. For 55 of these countries, representing major world regions and accounting for close to 80 percent of the developing world's GDP, they forecast the growth effects of the main forces underpinning growth, assuming that these evolve following past trends. The authors find that for the average developing country the largest growth dividend comes from continued improvement in public infrastructure, followed by the growth contributions of rising secondary school enrollment, trade openness, and financial deepening. The joint contribution of these four growth determinants to average, annual per capita GDP growth in the next decade is estimated to be 1 percentage point. Failure to keep improving public infrastructure alone could reduce this growth dividend by 50 percent. The forecasted growth contributions differ by country qualitatively and quantitatively. 2012-06-20T20:10:48Z 2012-06-20T20:10:48Z 2005-11 http://documents.worldbank.org/curated/en/2005/11/6423948/growth-trends-developing-world-country-forecasts-determinants http://hdl.handle.net/10986/8574 English Policy Research Working Paper; No. 3775 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic CONTINUED IMPROVEMENT
FINANCIAL DEEPENING
GROWTH DIVIDEND
INFRASTRUCTURE
SECONDARY SCHOOL ENROLLMENT
TRADE OPENNESS
spellingShingle CONTINUED IMPROVEMENT
FINANCIAL DEEPENING
GROWTH DIVIDEND
INFRASTRUCTURE
SECONDARY SCHOOL ENROLLMENT
TRADE OPENNESS
Ianchovichina, Elena
Kacker, Pooja
Growth Trends in the Developing World : Country Forecasts and Determinants
relation Policy Research Working Paper; No. 3775
description The authors present real per capita GDP growth forecasts for all developing countries for the period 2005-14. For 55 of these countries, representing major world regions and accounting for close to 80 percent of the developing world's GDP, they forecast the growth effects of the main forces underpinning growth, assuming that these evolve following past trends. The authors find that for the average developing country the largest growth dividend comes from continued improvement in public infrastructure, followed by the growth contributions of rising secondary school enrollment, trade openness, and financial deepening. The joint contribution of these four growth determinants to average, annual per capita GDP growth in the next decade is estimated to be 1 percentage point. Failure to keep improving public infrastructure alone could reduce this growth dividend by 50 percent. The forecasted growth contributions differ by country qualitatively and quantitatively.
format Publications & Research :: Policy Research Working Paper
author Ianchovichina, Elena
Kacker, Pooja
author_facet Ianchovichina, Elena
Kacker, Pooja
author_sort Ianchovichina, Elena
title Growth Trends in the Developing World : Country Forecasts and Determinants
title_short Growth Trends in the Developing World : Country Forecasts and Determinants
title_full Growth Trends in the Developing World : Country Forecasts and Determinants
title_fullStr Growth Trends in the Developing World : Country Forecasts and Determinants
title_full_unstemmed Growth Trends in the Developing World : Country Forecasts and Determinants
title_sort growth trends in the developing world : country forecasts and determinants
publisher World Bank, Washington, DC
publishDate 2012
url http://documents.worldbank.org/curated/en/2005/11/6423948/growth-trends-developing-world-country-forecasts-determinants
http://hdl.handle.net/10986/8574
_version_ 1764408021712109568

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