Albania - Sustaining Growth Beyond the Transition : A World Bank Country Economic Memorandum

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dc.contributor.author
World Bank
en_US
dc.date.accessioned
2013-07-08T15:41:08Z
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dc.date.available
2013-07-08T15:41:08Z
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dc.date.issued
2004-12-27
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dc.identifier.uri
http://hdl.handle.net/10986/14383
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dc.description.abstract
While Albania 's performance has been impressive, there are concerns about the sustainability of high rates of economic growth in the future. The evidence from the growth accounting exercise indicates that total factor productivity growth from post-transition reallocation is gradually coming to an end. At the same time, the contribution of capital accumulation has only picked up modestly. This suggests that in order to sustain high GDP growth going forward, Albania must seek to raise its investment and, secondary school enrollment rates, increase the degree of trade integration, and improve institutional quality (governance). Worryingly, total factor productivity growth has slowed significantly in recent years while the contribution of factor accumulation was negligible. Neither remittances nor earnings from illegal activities constitute a solid basis for long-term economic development. There are signs, already, of a decelerating trend in the level of remittances. Furthermore, there are concerns about the financing of the country's investment needs over the medium term. The likelihood that Albania's access to concessional financing sources will decline, as well as expectations for dwindling external support and inflows from abroad, presents major risk factors that must be mitigated with the help of the donor community.
en_US
dc.language
English
en_US
dc.publisher
Washington, DC
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dc.rights
CC BY 3.0 Unported
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dc.rights.uri
http://creativecommons.org/licenses/by/3.0/
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dc.subject
AGED
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dc.subject
AGRICULTURAL PRODUCTION
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dc.subject
AGRICULTURE
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dc.subject
ALLOCATIVE EFFICIENCY
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dc.subject
ANNUAL REPORT
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dc.subject
BENCHMARK
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dc.subject
CITIES
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dc.subject
CLIMATE
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dc.subject
COMPETITIVENESS
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dc.subject
CORRUPTION
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dc.subject
DECENTRALIZATION
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dc.subject
DEVELOPMENT STRATEGY
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dc.subject
ECONOMIC ANALYSIS
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dc.subject
ECONOMIC DEPENDENCY
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dc.subject
ECONOMIC DEVELOPMENT
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dc.subject
ECONOMIC GROWTH
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dc.subject
ECONOMIC SECTORS
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dc.subject
EDUCATION
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dc.subject
EMIGRATION
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dc.subject
EMPLOYMENT
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dc.subject
EXCHANGE RATE
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dc.subject
EXCISE TAXES
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dc.subject
EXERCISES
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dc.subject
EXPENDITURES
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dc.subject
EXPORTS
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dc.subject
EXTERNAL COSTS
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dc.subject
FAMILIES
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dc.subject
FISCAL DECENTRALIZATION
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dc.subject
GDP
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dc.subject
GDP PER CAPITA
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dc.subject
GROWTH RATE
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dc.subject
HEALTH
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dc.subject
HUMAN CAPITAL
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dc.subject
HUMAN DEVELOPMENT
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dc.subject
IMPORTS
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dc.subject
INFLATION
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dc.subject
INFLATION RATE
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dc.subject
INNOVATION
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dc.subject
INTEREST RATES
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dc.subject
INTERNATIONAL TRADE
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dc.subject
LABOR FORCE
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dc.subject
LABOR PRODUCTIVITY
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dc.subject
MACROECONOMIC PERFORMANCE
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dc.subject
MACROECONOMIC STABILITY
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dc.subject
MACROECONOMIC STABILIZATION
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dc.subject
MACROECONOMICS
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dc.subject
MIGRATION
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dc.subject
MINES
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dc.subject
MONETARY POLICY
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dc.subject
MONEY SUPPLY
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dc.subject
MULTILATERAL TRADE
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dc.subject
NATIONAL INCOME
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dc.subject
NEGOTIATIONS
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dc.subject
PARTNERSHIP
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dc.subject
POLLUTION
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dc.subject
POVERTY ALLEVIATION
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dc.subject
POVERTY LINE
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dc.subject
PRIVATE SECTOR
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dc.subject
PRODUCTIVITY GROWTH
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dc.subject
PUBLIC EXPENDITURE
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dc.subject
PUBLIC SECTOR
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dc.subject
PUBLIC SECTOR EMPLOYMENT
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dc.subject
PUBLIC SERVICES
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dc.subject
PUBLIC SPENDING
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dc.subject
REAL GDP
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dc.subject
REAL INTEREST RATE
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dc.subject
REHABILITATION
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dc.subject
RESOURCE ALLOCATION
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dc.subject
RESOURCE USE
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dc.subject
RISK FACTORS
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dc.subject
RURAL WATER
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dc.subject
RURAL WATER SECTOR
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dc.subject
SANITATION
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dc.subject
SANITATION SERVICES
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dc.subject
SAVINGS
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dc.subject
SCHOOLS
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dc.subject
SERVICE DELIVERY
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dc.subject
SERVICE PROVISION
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dc.subject
SERVICES SECTOR
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dc.subject
SOCIAL SERVICES
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dc.subject
SUSTAINABLE WATER
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dc.subject
TAX RATES
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dc.subject
TAX REFORMS
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dc.subject
TAX REVENUE
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dc.subject
TOTAL FACTOR PRODUCTIVITY
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dc.subject
TOTAL FACTOR PRODUCTIVITY GROWTH
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dc.subject
TRADE BALANCE
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dc.subject
TRADE DEFICIT
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dc.subject
TRADE LIBERALIZATION
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dc.subject
TRANSITION ECONOMIES
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dc.subject
TRANSPARENCY
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dc.subject
UNEMPLOYMENT
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dc.subject
UNEMPLOYMENT RATES
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dc.subject
VALUE ADDED
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dc.title
Albania - Sustaining Growth Beyond the Transition : A World Bank Country Economic Memorandum
en_US
okr.identifier.externaldocumentum
000090341_20050114100907
en_US
okr.identifier.internaldocumentum
5547762
en_US
okr.volume
1 of 1
en_US
okr.topic
Economic Theory and Research
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okr.topic
Health Monitoring and Evaluation
en_US
okr.topic
Banks and Banking Reform
en_US
okr.topic
Environmental Economics and Policies
en_US
okr.topic
Governance :: Governance Indicators
en_US
okr.topic
Health, Nutrition and Population
en_US
okr.sector
Industry and trade
en_US
okr.sector
Finance
en_US
okr.sector
Sub-national government administration
en_US
okr.sector
General public administration sector
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okr.region.administrative
Europe and Central Asia
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okr.region.administrative
Europe and Central Asia
en_US
okr.identifier.report
29257
en_US
okr.unit
Poverty Reduction/Econ Mngmt (ECSPE)
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okr.region.country
Albania
en_US
okr.doctype
Economic & Sector Work :: Country Economic Memorandum
en_US
okr.doctype
Economic & Sector Work
en_US
dc.rights.holder
World Bank
en_US
okr.globalpractice
Governance
okr.globalpractice
Health, Nutrition, and Population
okr.googlescholar.linkpresent
yes

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