Publication:
Liberia : Strategic Policy Options for Medium Term Growth and Development

Simple item page
dc.contributor.authorWorld Bank
dc.date.accessioned2013-03-07T18:52:03Z
dc.date.available2013-03-07T18:52:03Z
dc.date.issued2012-03-15
dc.description.abstractThis paper explores Liberia's policy options in support of the development of a Medium-Term Growth and Development Strategy (MTGDS) for 2013-2017 and its national vision, Liberia Rising 2030. At issue is the mismatch between available fiscal space and the enormous development needs that the government must resolve as it prepares to transform the economy into a middle-income country by 2040. This dilemma calls for the new administration to make trade-offs among various priorities if it is to achieve its aspirations. For this purpose, a Liberian version of a single-country Computable General Equilibrium (CGE) model, MAMS (Maquette for Millennium Development Goal, or MDG simulations), was developed and informed by analytical studies as well as sector strategies prepared in support of Liberia's MTGDS. This paper examines the likely impacts on macroeconomic and social indicators of alternate strategic policy scenarios. A base scenario (designed to represent a central case for the evolution of Liberia's economy up to 2030) was first established, and thereafter a set of different assumptions were introduced for the mining sector, government spending on infrastructure and human development, and foreign borrowing. The paper is organized into five sections including this introduction. Section two presents the basic features of MAMS. The simulation analysis, which is the focus of the paper, is covered in the next two sections: the base scenario in section three and a set of alternative scenarios, which are contrasted with the base scenario, in section four. The final section summarizes the main findings and conclusion. Appendices one and two include a set of figures with selected simulation results and a brief discussion of the Liberian database for MAMS, respectively.en
dc.identifierhttp://documents.worldbank.org/curated/en/2012/03/16575294/liberia-strategic-policy-options-medium-term-growth-development
dc.identifier.doi10.1596/12608
dc.identifier.urihttps://hdl.handle.net/10986/12608
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSOLUTE VALUE
dc.subjectACCOUNTING
dc.subjectACCUMULATION OF CAPITAL
dc.subjectADDITIONAL UNIT OF CAPITAL
dc.subjectAGRICULTURAL SECTORS
dc.subjectAGRICULTURE
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE OF PAYMENTS DEFICIT
dc.subjectBENCHMARK
dc.subjectBUDGET CONSTRAINT
dc.subjectBUDGET CONSTRAINTS
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL INTENSITY
dc.subjectCAPITAL STOCK
dc.subjectCAPITAL STOCKS
dc.subjectCENTRAL BANK
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY MARKETS
dc.subjectCONSUMPTION DECISIONS
dc.subjectCONSUMPTION GROWTH
dc.subjectCREDIT FACILITY
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDATA AVAILABILITY
dc.subjectDEBT
dc.subjectDEBT CAPITAL
dc.subjectDEBT INTEREST
dc.subjectDEBT STOCK
dc.subjectDEBT STOCKS
dc.subjectDEMAND CURVES
dc.subjectDEMAND DECLINES
dc.subjectDEPRECIATION
dc.subjectDEPRECIATION RATE
dc.subjectDEPRECIATION RATES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT POLICIES
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDISPOSABLE INCOME
dc.subjectDOMESTIC BORROWING
dc.subjectDOMESTIC CONSUMPTION
dc.subjectDOMESTIC DEBT
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC ECONOMIC ACTIVITIES
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC MARKETS
dc.subjectDOMESTIC PRICE
dc.subjectDOMESTIC PRICE LEVELS
dc.subjectDOMESTIC PRICES
dc.subjectDOMESTIC SAVINGS
dc.subjectDONOR RESOURCES
dc.subjectECONOMIC ACTIVITIES
dc.subjectECONOMIC GROWTH
dc.subjectEDUCATION SPENDING
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectEDUCATIONAL ATTAINMENTS
dc.subjectELASTICITY
dc.subjectELASTICITY OF SUBSTITUTION
dc.subjectEXPORTS
dc.subjectEXTERNAL BALANCE
dc.subjectFACTOR DEMAND
dc.subjectFACTOR MARKETS
dc.subjectFACTORS OF PRODUCTION
dc.subjectFINANCES
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL RESOURCES
dc.subjectFIXED INVESTMENT
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN DEBTS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN GOVERNMENT
dc.subjectFOREIGN INTEREST
dc.subjectFOREIGN TRANSACTIONS
dc.subjectFULL EMPLOYMENT
dc.subjectGDP
dc.subjectGENERAL EQUILIBRIUM
dc.subjectGENERAL EQUILIBRIUM MODEL
dc.subjectGINI COEFFICIENT
dc.subjectGOLD
dc.subjectGOVERNMENT BORROWING
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT CAPACITY
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT INVESTMENTS
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS NATIONAL INCOME
dc.subjectGROSS NATIONAL SAVINGS
dc.subjectGROWTH RATE
dc.subjectHOLDINGS
dc.subjectHOUSEHOLDS
dc.subjectHUMAN DEVELOPMENT
dc.subjectIMPORT
dc.subjectIMPORT GROWTH
dc.subjectIMPORT TARIFFS
dc.subjectIMPORTS
dc.subjectINCOMES
dc.subjectINEQUALITY
dc.subjectINFORMATION SERVICES
dc.subjectINITIAL INVESTMENT
dc.subjectINTEREST PAYMENTS
dc.subjectINTERNAL RATES OF RETURN
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT FINANCING
dc.subjectINVESTMENT FLOW
dc.subjectINVESTMENT SPENDING
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMICS
dc.subjectMARGINAL PRODUCTIVITY
dc.subjectMARGINAL VALUE
dc.subjectMARKET PRICES
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMIDDLE-INCOME COUNTRY
dc.subjectMONETARY FUND
dc.subjectNATIONAL ECONOMY
dc.subjectNATIONAL INCOME
dc.subjectNATURAL RESOURCES
dc.subjectOPERATIONAL EFFICIENCY
dc.subjectOUTPUT
dc.subjectOUTPUTS
dc.subjectOUTTURN
dc.subjectOUTTURNS
dc.subjectPAYMENT FLOWS
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE CHANGE
dc.subjectPRICE CHANGES
dc.subjectPRICE LEVELS
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE SAVINGS
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRODUCTIVITY INCREASES
dc.subjectPROFIT MAXIMIZATION
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC SPENDING
dc.subjectRAPID EXPANSION
dc.subjectRAPID GROWTH
dc.subjectRATES FOR EXPORTS
dc.subjectREAL APPRECIATION
dc.subjectREAL COST
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL GDP
dc.subjectREAL GROWTH RATES
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATES
dc.subjectRECEIPT
dc.subjectRECEIPTS
dc.subjectRELATIVE PRICE
dc.subjectRELATIVE PRICES
dc.subjectRETURNS
dc.subjectSALES REVENUE
dc.subjectSAVINGS
dc.subjectSAVINGS RATE
dc.subjectSHARE OF INVESTMENTS
dc.subjectSLOW GROWTH
dc.subjectSMALL COUNTRY
dc.subjectSTOCK CHANGE
dc.subjectSUPPLY CURVE
dc.subjectSUPPLY CURVES
dc.subjectSUPPLY SIDE
dc.subjectSURPLUS
dc.subjectTAX
dc.subjectTAX RATE
dc.subjectTAX RATES
dc.subjectTELECOMMUNICATIONS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE DEFICIT
dc.subjectTRADE TRANSACTIONS
dc.subjectTRANSACTIONS COSTS
dc.subjectUNCERTAINTY
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectWAGES
dc.subjectWEIGHTS
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectWORLD MARKETS
dc.subjectWORLD PRICE
dc.subjectWORLD PRICES
dc.titleLiberia : Strategic Policy Options for Medium Term Growth and Developmenten
dspace.entity.typePublication
okr.date.disclosure2012-08-02
okr.date.doiregistration2025-05-07T08:49:02.124295Z
okr.doctypeEconomic & Sector Work::Other Poverty Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2012/03/16575294/liberia-strategic-policy-options-medium-term-growth-development
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid261171468088152645
okr.identifier.externaldocumentum000333037_20120806014631
okr.identifier.internaldocumentum16575294
okr.identifier.report67300
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/08/06/000333037_20120806014631/Rendered/PDF/673000ESW0P1220IC0disclosed08020120.pdfen
okr.region.administrativeAfrica
okr.region.countryLiberia
okr.sectorPublic Administration, Law, and Justice
okr.themeEconomic management :: Analysis of economic growth
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicMacroeconomics and Economic Growth
okr.unitAFT: PREM 3 (AFTP3)
okr.volume1 of 1
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
673000ESW0P1220IC0disclosed08020120.pdf
Size:
563.16 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
673000ESW0P1220IC0disclosed08020120.txt
Size:
91.63 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
Other Poverty Study