Publication:
Productivity Growth and Economic Reform : Evidence from Rwanda

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dc.contributor.authorCoulibaly, Kalamogo
dc.contributor.authorEzemenari, Kene
dc.contributor.authorDuffy, Neal
dc.date.accessioned2012-05-29T17:58:51Z
dc.date.available2012-05-29T17:58:51Z
dc.date.issued2008-03
dc.description.abstractTrade, financial, and exchange rate reforms are shown to have exerted a positive impact on the growth of total factor productivity in Rwanda during the period 1995-2003. Based on a constant returns-to-scale Cobb-Douglas production function, this paper regresses total factor productivity on indices of trade, financial, and exchange rate reforms. The analysis determines that trade reforms and financial reforms each contributed positively to improvements in total factor productivity. The data also suggest that the allocation of official development assistance to human capital made a significant contribution to productivity. In contrast, the appreciation of the real exchange rate of the late 1980's hindered productivity or the growth of TFP. Taken together, the findings for Rwanda presented in this paper show that the strong growth of the past decade has not just been due to a "bounce back" effect following the genocide. The results support the notion that policies favorable to trade development, a deepening of the financial sector, and formation of human capital have been effective for increasing aggregate productivity of the economy and stimulating growth in Rwanda. For sustained growth, the Rwandan authorities should continue to build on these policies, while also taking care to maintain an appropriate exchange rate.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/03/9072140/productivity-growth-economic-reform-evidence-rwanda
dc.identifier.doi10.1596/1813-9450-4552
dc.identifier.urihttps://hdl.handle.net/10986/6572
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 4552
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.subjectACCOUNTING FRAMEWORK
dc.subjectADVANCED TECHNOLOGY
dc.subjectAGRICULTURAL SECTOR
dc.subjectAMOUNT OF CAPITAL
dc.subjectANNUAL GROWTH
dc.subjectAUCTIONS
dc.subjectBANK POLICY
dc.subjectBANKING SYSTEM
dc.subjectBROAD MONEY
dc.subjectBUSINESS CONFIDENCE
dc.subjectCAPITAL FLOW
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL SHARE
dc.subjectCAPITAL STOCK
dc.subjectCENTRAL BANK
dc.subjectCIVIL WAR
dc.subjectCIVIL WARS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMODITIES
dc.subjectCOMMUNICATIONS TECHNOLOGIES
dc.subjectCOMPETITIVENESS
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectCONTRIBUTIONS OF CAPITAL
dc.subjectCONTROL VARIABLE
dc.subjectCOOPERATIVE BANKS
dc.subjectCOST OF CAPITAL
dc.subjectCURRENCY EXCHANGE
dc.subjectCURRENCY REGIME
dc.subjectCURRENT ACCOUNT
dc.subjectDEMAND FOR CAPITAL
dc.subjectDEMAND FOR MONEY
dc.subjectDEPENDENT VARIABLE
dc.subjectDEPRECIATION
dc.subjectDEPRECIATION RATE
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING ECONOMIES
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT POLICIES
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDIMINISHING RETURNS
dc.subjectDISBURSEMENT
dc.subjectDISEQUILIBRIUM
dc.subjectDISTORTIONS
dc.subjectDIVERSIFICATION
dc.subjectDOMESTIC PRICE
dc.subjectDUMMY VARIABLE
dc.subjectDYNAMIC ECONOMY
dc.subjectECONOMETRICS
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC EFFICIENCY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC HISTORY
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC REFORM
dc.subjectECONOMIC REFORMS
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC RESOURCES
dc.subjectECONOMIC STABILITY
dc.subjectECONOMIC STRUCTURE
dc.subjectECONOMIC SYSTEM
dc.subjectECONOMIC TIME SERIES
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectELASTICITY
dc.subjectERROR CORRECTION MODEL
dc.subjectERROR CORRECTION TERM
dc.subjectERROR TERM
dc.subjectEXCESS PROFITS
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE REFORMS
dc.subjectEXCHANGE RATE SYSTEM
dc.subjectEXCHANGE RATES
dc.subjectEXCHANGE TRANSACTIONS
dc.subjectEXCHANGE-RATE
dc.subjectEXCLUSION
dc.subjectEXPENDITURES
dc.subjectEXPLANATORY VARIABLES
dc.subjectEXPORT EARNINGS
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXTERNAL COMPETITIVENESS
dc.subjectEXTERNAL SHOCKS
dc.subjectFINANCIAL ASSISTANCE
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL REFORM
dc.subjectFINANCIAL REFORMS
dc.subjectFINANCIAL REGIMES
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SYSTEM
dc.subjectFIXED CAPITAL
dc.subjectFIXED EXCHANGE RATE
dc.subjectFLEXIBLE EXCHANGE RATE
dc.subjectFLEXIBLE EXCHANGE RATES
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN COMPETITION
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE ACCOUNTS
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN EXCHANGE TRANSACTIONS
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN MARKETS
dc.subjectFOREIGN RESERVES
dc.subjectFREE TRADE
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGENERAL EQUILIBRIUM
dc.subjectGENERAL EQUILIBRIUM ANALYSIS
dc.subjectGLOBALIZATION
dc.subjectGOVERNMENT POLICIES
dc.subjectGROSS CAPITAL FORMATION
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS FIXED CAPITAL FORMATION
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN RESOURCES
dc.subjectIMPORT
dc.subjectIMPORT LIBERALIZATION
dc.subjectIMPORTS
dc.subjectINCREASING RETURNS
dc.subjectINCREASING RETURNS TO SCALE
dc.subjectINDUSTRIALIZATION
dc.subjectINEFFICIENCY
dc.subjectINFANT INDUSTRY ARGUMENT
dc.subjectINFLATION
dc.subjectINSTITUTIONAL REFORMS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL COMPETITION
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL TRADE
dc.subjectINVENTORIES
dc.subjectKNOWLEDGE ECONOMY
dc.subjectLABOR FORCE
dc.subjectLEGAL SYSTEM
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL MARKETS
dc.subjectLONG-RUN EQUILIBRIUM
dc.subjectM2
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMANUFACTURING INDUSTRIES
dc.subjectMARKET ECONOMY
dc.subjectMAXIMUM LIKELIHOOD ESTIMATION
dc.subjectMONETARY FUND
dc.subjectMONOPOLY
dc.subjectNEW CURRENCY
dc.subjectOPEN ECONOMY
dc.subjectOUTPUT
dc.subjectOUTPUT RATIO
dc.subjectPHYSICAL CAPITAL
dc.subjectPOLITICAL INSTABILITY
dc.subjectPOVERTY REDUCTION
dc.subjectPRIVATE SECTOR CREDIT
dc.subjectPRIVATE SECTOR CREDITS
dc.subjectPRIVATIZATION
dc.subjectPRODUCTION COSTS
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTION FUNCTIONS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROPERTY RIGHTS
dc.subjectRATE OF DEPRECIATION
dc.subjectRATE OF GROWTH
dc.subjectRE-EXPORTS
dc.subjectREAL COST
dc.subjectREAL EFFECTIVE EXCHANGE RATE
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL GDP
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATE
dc.subjectREAL INTEREST RATES
dc.subjectREJECTION
dc.subjectREMITTANCE
dc.subjectRETURN
dc.subjectRETURNS TO SCALE
dc.subjectSHARE COEFFICIENT
dc.subjectSHARE OF CAPITAL
dc.subjectSOCIAL CAPITAL
dc.subjectSTABLE GROWTH
dc.subjectTARIFF BARRIERS
dc.subjectTARIFF REDUCTION
dc.subjectTAX RATES
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADABLE GOODS
dc.subjectTRADE BARRIERS
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE OPENNESS
dc.subjectTRADE POLICIES
dc.subjectTRADE POLICY
dc.subjectTRADE REFORMS
dc.subjectTRADE STRATEGY
dc.subjectTRADE TAX
dc.subjectUNCERTAINTY
dc.subjectUNDERDEVELOPED COUNTRIES
dc.subjectWITHDRAWAL
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titleProductivity Growth and Economic Reform : Evidence from Rwandaen
dspace.entity.typePublication
okr.crossref.titleProductivity Growth And Economic Reform: Evidence From Rwanda
okr.date.doiregistration2025-04-10T09:25:18.304002Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2008/03/9072140/productivity-growth-economic-reform-evidence-rwanda
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid766721468304830338
okr.identifier.doi10.1596/1813-9450-4552
okr.identifier.externaldocumentum000158349_20080312083540
okr.identifier.internaldocumentum9072140
okr.identifier.reportWPS4552
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/03/12/000158349_20080312083540/Rendered/PDF/wps4552.pdfen
okr.region.administrativeAfrica
okr.region.countryRwanda
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
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
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