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Tajikistan Economic Update, Summer 2023: Focusing On Boosting Private Sector Dynamism In Tajikistan

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-07-31T18:16:31Z
dc.date.available2023-07-31T18:16:31Z
dc.date.issued2023-07-31
dc.description.abstractPrivate sector participation in the Tajik economy is relatively large, but dynamism is very low. Analysis with micro-level data points to multiple weaknesses: low entry rate, low productivity, limited integration to trade, low incidence of innovation, and limited capabilities. Also revealing is that private firms struggle to grow as they age. All these aspects reflect a business environment that does not reward the more efficient firms or those with the highest growth potential. The Covid-19 effects brought additional challenges to this low-level equilibrium scenario with shocks in sales and financial distress. The silver line aspect stems from the increasing use of digital technologies. Still, the apparent digital divide regarding firm size poses questions on the real implications for future productivity performance. Against this backdrop, and to tackle the long-term weaknesses of the private sector in Tajikistan, it is crucial to remove barriers that prevent the reallocation of resources towards more productive firms so that the private sector becomes more efficient and able to generate more and better jobs. In this case, and to prioritize measures that maximize effects on aggregate demand in the short-medium-run, it is crucial to give precedence to structural policies that remove impediments to firm entry and expansion of the private sector. Three sets of barriers deserve particular attention: (i) barriers to competition, (ii) barriers to foreign direct investment, and (iii) trade barriers. These barriers must be tackled together because they all reinforce each other regarding firms' competitiveness.en
dc.identifierhttp://documents.worldbank.org/curated/en/099062723061541337/P1796530c969b005c0b9f80aaf2ece82ff0
dc.identifier.doi10.1596/40114
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40114
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectGROWTH AND PRICES
dc.subjectPAYMENTS
dc.subjectPUBLIC FINANCES
dc.subjectPOVERTY PROJECTIONS
dc.subjectPRIVATE SECTOR
dc.titleTajikistan Economic Update, Summer 2023en
dc.title.subtitleFocusing On Boosting Private Sector Dynamism In Tajikistanen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleTajikistan Economic Update: Focusing On Boosting Private Sector Dynamism In Tajikistan
okr.date.disclosure2023-07-31
okr.date.lastmodified2023-07-27T00:00:00Zen
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/099062723061541337/P1796530c969b005c0b9f80aaf2ece82ff0
okr.guid099062723061541337
okr.guid099062723061535693
okr.identifier.docmidP179653-c969b062-5a5c-455c-b9f8-aaf2ece82ff0
okr.identifier.doihttp://dx.doi.org/10.1596/40114
okr.identifier.doihttps://doi.org/10.1596/40114
okr.identifier.externaldocumentum34125445
okr.identifier.internaldocumentum34125445
okr.identifier.report184281
okr.import.id1320
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099062723061541337/pdf/P1796530c969b005c0b9f80aaf2ece82ff0.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryTajikistan
okr.sectorCentral Government (Central Agencies)
okr.themeInclusive Growth,Investment and Business Climate,Economic Policy,Economic Growth and Planning,Private Sector Development,Regulation and Competition Policy,Business Enabling Environment,Macroeconomic & Structural Policy Modelling,Structural Transformation and Economic Diversification
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicPrivate Sector Development::Business Environment
okr.unitEFI-ECA-MTI-MacroFiscal-1 (EECM1)
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