Publication:
Exploring Lebanon's Growth Prospects

Simple item page
dc.contributor.authorBerthélemy, Jean-Claude
dc.contributor.authorDessus, Sébastien
dc.contributor.authorNahas, Charbel
dc.date.accessioned2012-06-06T19:27:12Z
dc.date.available2012-06-06T19:27:12Z
dc.date.issued2007-08
dc.description.abstractThis paper attempts to identify Lebanon's greatest constraints to economic growth, following a growth diagnosis approach. It concludes that fiscal imbalances and barriers to entry are most binding on long-term growth. Macroeconomic imbalances and related perceived risks affect the nature of investment decisions in Lebanon, in favor of liquid instruments rather than longer-term productive investments. Further, many barriers to entry discourage agents from investing in a number of markets: legal impediments to competition, corruption, and a set of fiscal incentives favoring the allocation of resources to non-tradable sectors, where potential demand and investment opportunities are scarcer. In turn, using a steady-state computable general equilibrium model, the paper assesses the long-term growth impact of a selected set of policy reforms envisaged to lift such constraints. Results suggest that 1 to 2 percentage points of additional GDP growth per year could be gained through public expenditure reform, greater domestic competition, and tax harmonization.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/08/8180218/exploring-lebanons-growth-prospects
dc.identifier.doi10.1596/1813-9450-4332
dc.identifier.urihttps://hdl.handle.net/10986/7316
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 4332
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGGREGATE DEMAND
dc.subjectAGRICULTURE
dc.subjectBANKING REGULATIONS
dc.subjectBANKING SECTOR
dc.subjectBANKRUPTCIES
dc.subjectBARRIERS TO ENTRY
dc.subjectBASIS POINTS
dc.subjectBENCHMARK
dc.subjectBINDING CONSTRAINT
dc.subjectBONDS
dc.subjectBORROWING COSTS
dc.subjectBORROWING REQUIREMENTS
dc.subjectBUSINESS CYCLE
dc.subjectBUSINESS CYCLES
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL MARKETS DEVELOPMENT
dc.subjectCAPITAL MOBILITY
dc.subjectCAPITAL MOVEMENTS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCAPITAL STOCK
dc.subjectCAPITAL STOCKS
dc.subjectCENTRAL BANK
dc.subjectCHECKS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL LAWS
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMERS
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCOUNTRY RISK
dc.subjectCREDIT LINE
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDAMAGES
dc.subjectDEBT
dc.subjectDEBT LEVELS
dc.subjectDEBT OVERHANG
dc.subjectDEBT PAYMENTS
dc.subjectDEBT RESTRUCTURING
dc.subjectDEBT SERVICE
dc.subjectDEBT STOCK
dc.subjectDEBTORS
dc.subjectDECISION MAKING
dc.subjectDECISION TREE
dc.subjectDEMAND FOR CREDIT
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDEPRECIATION OF ASSETS
dc.subjectDEVALUATION
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDISPOSABLE INCOME
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC MARKETS
dc.subjectDYNAMIC ANALYSIS
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC CONSTRAINTS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC EFFICIENCY
dc.subjectECONOMIC FLUCTUATIONS
dc.subjectECONOMIC HISTORY
dc.subjectECONOMIC RISKS
dc.subjectECONOMIC SITUATION
dc.subjectECONOMIES OF SCALE
dc.subjectELASTICITY
dc.subjectELASTICITY OF SUBSTITUTION
dc.subjectEMERGING ECONOMIES
dc.subjectENFORCEMENT OF CONTRACTS
dc.subjectEQUILIBRIUM
dc.subjectEQUIPMENTS
dc.subjectEUROBOND
dc.subjectEXCISE TAXES
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT GROWTH
dc.subjectEXPORT PERFORMANCE
dc.subjectEXPORTS
dc.subjectEXPROPRIATION
dc.subjectEXTERNALITIES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DEVELOPMENTS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL POLICIES
dc.subjectFISCAL POLICY
dc.subjectFIXED CAPITAL
dc.subjectFIXED COSTS
dc.subjectFIXED INVESTMENT
dc.subjectFORECASTS
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN COMPETITION
dc.subjectFOREIGN CURRENCIES
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectFOREIGN FUNDS
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGENERAL EQUILIBRIUM ANALYSIS
dc.subjectGNP
dc.subjectGOVERNMENT BORROWING
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS FIXED CAPITAL FORMATION
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH RATE
dc.subjectHUMAN CAPITAL
dc.subjectIMPERFECT COMPETITION
dc.subjectIMPLICIT SUBSIDY
dc.subjectINCOME LEVELS
dc.subjectINDEBTEDNESS
dc.subjectINFLATION
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINTELLECTUAL PROPERTY
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVENTORY
dc.subjectINVESTING
dc.subjectINVESTMENT BANKING
dc.subjectINVESTMENT BEHAVIORS
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT DECISIONS
dc.subjectINVESTMENT FINANCE
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectINVESTMENT RATE
dc.subjectJUDICIAL REFORM
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLACK OF COMPETITION
dc.subjectLEGAL IMPEDIMENTS
dc.subjectLIQUID INSTRUMENTS
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL FINANCE
dc.subjectLONG-TERM INVESTMENTS
dc.subjectM3
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC RISKS
dc.subjectMARGINAL COSTS
dc.subjectMARKET FAILURE
dc.subjectMARKET FAILURES
dc.subjectMARKET MECHANISMS
dc.subjectMARKET SHARE
dc.subjectMARKET SHARES
dc.subjectMATURITIES
dc.subjectMATURITY
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectMONETARY FUND
dc.subjectMONETARY STABILITY
dc.subjectMONEY SUPPLY
dc.subjectMONOPOLIES
dc.subjectNATIONAL INCOME
dc.subjectOIL PRICES
dc.subjectOPPORTUNITY COST
dc.subjectOPTIMIZATION
dc.subjectOUTSTANDING CREDIT
dc.subjectOUTSTANDING CREDITS
dc.subjectPENSION
dc.subjectPENSION REFORMS
dc.subjectPER CAPITA INCOME
dc.subjectPOST-WAR RECONSTRUCTION
dc.subjectPRICE LEVELS
dc.subjectPRICE SUBSIDIES
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTMENTS
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE PROPERTY
dc.subjectPRODUCTION COSTS
dc.subjectPRODUCTIVE INVESTMENTS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROPERTY RIGHTS
dc.subjectPROTECTION OF INVESTORS
dc.subjectPUBLIC ASSETS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC DEBT MANAGEMENT
dc.subjectPUBLIC FINANCE
dc.subjectREAL ESTATE COLLATERALS
dc.subjectREAL ESTATE INVESTMENTS
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL EXCHANGE RATES
dc.subjectREAL GDP
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATES
dc.subjectREMITTANCES
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRULE OF LAW
dc.subjectSAVINGS
dc.subjectSOFT LOANS
dc.subjectSOVEREIGN RATING
dc.subjectSOVEREIGN RATINGS
dc.subjectSOVEREIGN RISK
dc.subjectSTRUCTURAL CHANGE
dc.subjectSUPPLY OF CREDIT
dc.subjectTAX
dc.subjectTAXATION
dc.subjectTELECOMMUNICATIONS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE BALANCE
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADING
dc.subjectTRADING COSTS
dc.subjectTREASURY
dc.subjectTREASURY BILLS
dc.subjectUNDERESTIMATES
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectUTILITY FUNCTION
dc.subjectVALUE ADDED
dc.subjectWAGES
dc.titleExploring Lebanon's Growth Prospectsen
dspace.entity.typePublication
okr.crossref.titleExploring Lebanon's Growth Prospects
okr.date.doiregistration2025-04-10T10:42:40.366049Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2007/08/8180218/exploring-lebanons-growth-prospects
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid215971468263723336
okr.identifier.doi10.1596/1813-9450-4332
okr.identifier.externaldocumentum000158349_20070827151759
okr.identifier.internaldocumentum8180218
okr.identifier.reportWPS4332
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/08/27/000158349_20070827151759/Rendered/PDF/wps4332.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countryLebanon
okr.topicEconomic Theory and Research
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
wps4332.pdf
Size:
965.46 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
wps4332.txt
Size:
181.33 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers