Publication:
The Past and Future of Regional Potential Growth: Hopes, Fears, and Realities

Simple item page
dc.contributor.authorKasyanenko, Sergiy
dc.contributor.authorKenworthy, Philip
dc.contributor.authorKilic Celik, Sinem
dc.contributor.authorRuch, Franz Ulrich
dc.contributor.authorVashakmadze, Ekaterine
dc.contributor.authorWheeler, Collette
dc.date.accessioned2023-03-21T20:21:04Z
dc.date.available2023-03-21T20:21:04Z
dc.date.issued2023-03
dc.description.abstractPotential growth slowed in most emerging market and developing economy (EMDE) regions in the past decade. The steepest slowdown occurred in the Middle East and North Africa (MNA), followed by East Asia and the Pacific (EAP), although potential growth in EAP remained one of the two highest among EMDE regions, the other being South Asia (SAR), where potential growth remained broadly unchanged. Projections of the fundamental drivers of growth suggest that, without reforms, potential growth in EMDEs will continue to weaken over the remainder of this decade. The slowdown will be most pronounced in EAP and Europe and Central Asia because of slowing labor force growth and weak investment, and least pronounced in Sub-Saharan Africa where the multiple adverse shocks over the past decade are assumed to dissipate going forward. Potential growth in Latin America and the Caribbean, MNA, and SAR is expected to be broadly steady as slowing population growth is offset by strengthening productivity. The projected declines in potential growth are not inevitable. Many EMDEs could lift potential growth by implementing reforms, with policy priorities varying across regions.en
dc.identifierhttp://documents.worldbank.org/curated/en/099526403162313663/IDU0c4dda37c03d960446c09eb30112c481152dc
dc.identifier.doi10.1596/1813-9450-10369
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39566
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Papers; 10368
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.subjectCLIMATE CHANGE
dc.subjectDEMOGRAPHICS
dc.subjectEMERGING MARKETS
dc.subjectDEVELOPING ECONOMIES
dc.subjectINVESTMENT
dc.subjectPOTENTIAL GROWTH
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectCOMPETITIVENESS
dc.titleThe Past and Future of Regional Potential Growthen
dc.title.subtitleHopes, Fears, and Realitiesen
dc.typeWorking Paper
dspace.entity.typePublication
okr.date.disclosure2023-03-16
okr.date.lastmodified2023-03-20T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypeWorking Paper
okr.docurlhttp://documents.worldbank.org/curated/en/099526403162313663/IDU0c4dda37c03d960446c09eb30112c481152dc
okr.guid099526403162313663
okr.identifier.doi10.1596/1813-9450-10368
okr.identifier.externaldocumentum34022910
okr.identifier.internaldocumentum34022910
okr.identifier.reportWPS10368
okr.import.id193
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099526403162313663/pdf/IDU0c4dda37c03d960446c09eb30112c481152dc.pdfen
okr.region.geographicalWorld
okr.topicInternational Economics and Trade::Competition Policy
okr.topicPrivate Sector Development::Competitiveness and Competition Policy
okr.topicInternational Economics and Trade::Foreign Direct Investment
okr.topicInternational Economics and Trade::Trade Finance and Investment
okr.topicPrivate Sector Development::Emerging Markets
okr.unitProspects Group (DECPG)
relation.isAuthorOfPublication9c271c2d-d815-4737-8dd8-10ccdc235e0f
relation.isAuthorOfPublication.latestForDiscovery9c271c2d-d815-4737-8dd8-10ccdc235e0f
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
IDU0c4dda37c03d960446c09eb30112c481152dc.pdf
Size:
932.97 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
IDU0c4dda37c03d960446c09eb30112c481152dc.txt
Size:
363.32 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