Publication:
Distributional Effects of the Panama Canal Expansion

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dc.contributor.authorDe Hoyos, Rafael E.
dc.contributor.authorBussolo, Maurizio
dc.contributor.authorMedvedev, Denis
dc.date.accessioned2012-03-19T18:05:36Z
dc.date.available2012-03-19T18:05:36Z
dc.date.issued2011-10-01
dc.description.abstractThis paper uses a dynamic macro-micro framework to evaluate the potential distributional effects of the expansion of the Panama Canal. The results show that large macroeconomic effects are only likely during the operations phase (2014 and onward), and income gains are likely to be concentrated at the top of the income distribution. The additional foreign exchange inflows during the construction and operations phases result in the loss of competitiveness of non-Canal sectors (Dutch disease) and in higher domestic prices, which hurt the poorest consumers. In addition, the construction and operation activities increase demand for more educated non-farm formal workers. Although these changes encourage additional labor movement out of agriculture and from the informal to the formal sector, much of the impact is manifested in growing wage disparities and widening income inequality. Using the additional revenues of the Canal expansion in a targeted cash transfer program such as "Red de Oportunidades", the Government of Panama could offset the adverse distributional effects and eradicate extreme poverty.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111020102130
dc.identifier.doi10.1596/1813-9450-5848
dc.identifier.urihttps://hdl.handle.net/10986/3615
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5848
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAGRICULTURE
dc.subjectAVERAGE WAGE
dc.subjectAVERAGE WAGES
dc.subjectBASE YEAR
dc.subjectBORROWING
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL RETURNS
dc.subjectCAPITAL STOCK
dc.subjectCD
dc.subjectCOMMERCE
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMPETITIVE LABOR MARKETS
dc.subjectCOMPETITIVENESS
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectCONSUMER GOODS
dc.subjectCONSUMER PRICE
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMER PRICES
dc.subjectCONSUMERS
dc.subjectCORPORATE TAX
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectDEBT
dc.subjectDEMAND CURVE
dc.subjectDEVELOPMENT POLICY
dc.subjectDISPOSABLE INCOME
dc.subjectDISTRIBUTION OF INCOME
dc.subjectDISTRIBUTION OF INCOMES
dc.subjectDIVIDENDS
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC PRICES
dc.subjectDUAL ECONOMY
dc.subjectEARNING
dc.subjectECONOMIC BOOM
dc.subjectECONOMIC STRUCTURE
dc.subjectECONOMICS
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectEDUCATIONAL SERVICES
dc.subjectELASTICITY
dc.subjectELASTICITY OF SUBSTITUTION
dc.subjectEMPLOYMENT EFFECT
dc.subjectEMPLOYMENT EFFECTS
dc.subjectEMPLOYMENT MULTIPLIER
dc.subjectEMPLOYMENT STATUS
dc.subjectENDOGENOUS VARIABLES
dc.subjectEQUILIBRIUM
dc.subjectESTIMATED PARAMETER
dc.subjectEXCHANGE RATE
dc.subjectEXOGENOUS VARIABLES
dc.subjectEXPECTED VALUE
dc.subjectEXPECTED WAGE
dc.subjectEXPENDITURE
dc.subjectEXPORT MARKETS
dc.subjectEXPORT SECTORS
dc.subjectEXPORTS
dc.subjectEXTERNAL COMPETITIVENESS
dc.subjectEXTREME POVERTY
dc.subjectFACTOR MARKETS
dc.subjectFACTOR PRICE
dc.subjectFACTOR PRICES
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SERVICES
dc.subjectFOOD PRICES
dc.subjectFORECASTS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN FIRMS
dc.subjectFORMAL SECTOR WAGES
dc.subjectFORMAL SECTOR WORKERS
dc.subjectFULL EMPLOYMENT
dc.subjectFUTURE RESEARCH
dc.subjectGDP DEFLATOR
dc.subjectGDP PER CAPITA
dc.subjectGENERAL EQUILIBRIUM
dc.subjectGINI COEFFICIENT
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHOUSEHOLD CHARACTERISTICS
dc.subjectHOUSEHOLD CONSUMPTION
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD SURVEY
dc.subjectHOUSEHOLD SURVEYS
dc.subjectINCOME
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME EFFECT
dc.subjectINCOME INEQUALITY
dc.subjectINCOME TAX
dc.subjectINFORMAL SECTOR
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINFRASTRUCTURE PROJECT
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINTERMEDIATE GOODS
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectINTERNATIONAL MIGRATION
dc.subjectINTERNATIONAL TRADE
dc.subjectJOB CREATION
dc.subjectJOBS
dc.subjectLABOR ALLOCATION
dc.subjectLABOR COSTS
dc.subjectLABOR DEMAND
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET SEGMENTATION
dc.subjectLABOR MARKETS
dc.subjectLABOR MOBILITY
dc.subjectLABOR MOVEMENT
dc.subjectLABOR PRODUCTIVITY
dc.subjectLABOR PRODUCTIVITY GROWTH
dc.subjectLABOR REALLOCATION
dc.subjectLABOR SUPPLY
dc.subjectLABOUR
dc.subjectLIVING STANDARDS
dc.subjectMACROECONOMIC EFFECTS
dc.subjectMACROECONOMIC POLICIES
dc.subjectMARGINAL PROPENSITY TO SAVE
dc.subjectMARKET PRICE
dc.subjectMARKET PRICES
dc.subjectMARKET SEGMENT
dc.subjectMARKET SEGMENTS
dc.subjectMARKET SUPPLY
dc.subjectMINIMUM WAGE
dc.subjectMONOPOLY
dc.subjectMULTIPLIER EFFECT
dc.subjectMULTIPLIER EFFECTS
dc.subjectNATURAL RESOURCE
dc.subjectNET EMPLOYMENT
dc.subjectOCCUPATIONS
dc.subjectPENSIONS
dc.subjectPER CAPITA INCOME
dc.subjectPER CAPITA INCOMES
dc.subjectPERFECT COMPETITION
dc.subjectPOVERTY ALLEVIATION
dc.subjectPREVIOUS SECTION
dc.subjectPRICE CHANGES
dc.subjectPRICE ELASTICITY
dc.subjectPRICE ELASTICITY OF DEMAND
dc.subjectPRICE INFLATION
dc.subjectPRIMARY SOURCE
dc.subjectPRIVATE INVESTMENT
dc.subjectPRODUCER PRICE
dc.subjectPRODUCTION OUTPUT
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY EFFECTS
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPUBLIC SERVICE
dc.subjectPUBLIC SERVICES
dc.subjectRAPID GROWTH
dc.subjectRATE OF GROWTH
dc.subjectRATE OF RETURN
dc.subjectRATE OF RETURN TO CAPITAL
dc.subjectREAL GDP
dc.subjectREAL INCOME
dc.subjectREAL WAGES
dc.subjectRENTS
dc.subjectRISK AVERSION
dc.subjectRISK-AVERSE INDIVIDUALS
dc.subjectRURAL INFRASTRUCTURE
dc.subjectRURAL LABOR
dc.subjectRURAL POVERTY
dc.subjectSALES
dc.subjectSAVINGS
dc.subjectSERVICE SECTORS
dc.subjectSKILL PREMIUM
dc.subjectSKILLED WAGE PREMIUM
dc.subjectSKILLED WORKERS
dc.subjectSMALL COUNTRY
dc.subjectSPREAD
dc.subjectSUBSTITUTE
dc.subjectTAX
dc.subjectTAX RATE
dc.subjectTAX RATES
dc.subjectTAX REVENUES
dc.subjectTAXATION
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectTOTAL EMPLOYMENT
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL OUTPUT
dc.subjectUNEMPLOYED
dc.subjectUNEMPLOYED WORKERS
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectUNSKILLED LABOR
dc.subjectUNSKILLED WORKERS
dc.subjectURBANIZATION
dc.subjectUTILITY FUNCTION
dc.subjectVALUE ADDED
dc.subjectWAGE DIFFERENTIALS
dc.subjectWAGE EFFECTS
dc.subjectWAGE GAP
dc.subjectWAGE GROWTH
dc.subjectWAGE LEVELS
dc.subjectWAGE RATE
dc.subjectWAGE SUBSIDY
dc.subjectWAGES
dc.subjectWORKER
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.titleDistributional Effects of the Panama Canal Expansionen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleDistributional Effects of the Panama Canal Expansion
okr.date.disclosure2011-10-01
okr.date.doiregistration2025-04-10T11:08:40.972314Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111020102130
okr.globalpracticeSocial Protection and Labor
okr.guid602431468147311409
okr.identifier.doi10.1596/1813-9450-5848
okr.identifier.externaldocumentum000158349_20111020102130
okr.identifier.internaldocumentum15322764
okr.identifier.reportWPS5848
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/10/20/000158349_20111020102130/Rendered/PDF/WPS5848.pdfen
okr.region.administrativeLatin America and Caribbean
okr.region.administrativeLatin America and Caribbean
okr.region.countryPanama
okr.region.geographicalCentral America
okr.region.geographicalAmerica
okr.topicSocial Protections and Labor::Labor Policies
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublicationd0039343-97ad-5806-88d5-81b58fee8116
relation.isAuthorOfPublicationf66b4922-756e-51d1-a970-246dc3a8fcf4
relation.isAuthorOfPublication.latestForDiscoveryd0039343-97ad-5806-88d5-81b58fee8116
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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