Publication: Unleashing Central America’s Growth Potential: Panama
Date
2021-08-06
ISSN
Published
2021-08-06
Author(s)
Ulku, Hulya
Zaourak, Gabriel
Abstract
Panama’s growth model is at crossroads
and the country must be prepared for the new growth model.
The objective of this study is to investigate the drivers
and constraints of growth and productivity in Panama and
explore areas with high growth potential. The value added of
the study is to provide an in-depth analysis of the drivers
and constraints of Panama’s growth using a wide range of
analytical tools. The analysis employs several quantitative
methods to provide an objective assessment of the drivers
and constraints of growth in Panama, including the long-term
growth model (LTGM), computable general equilibrium model
(CGE), growth diagnostics and product space analyses. The
novelty of this study is to employ the same framework,
analytical tools, and data to conduct a parallel analysis
for each Central American country to allow for a meaningful
cross-country comparison. Therefore, given the wide breadth
of the study, in terms of the methodologies used, themes
analyzed, and countries covered, it does not envisage to
deep dive into each driver and constraint of growth and
provide granular policy recommendations. The core objective
of this study is to inform the policy makers and other
interested parties about the country’s strengths and
weaknesses for its growth, and to establish the analytical
basis for a subsequent investigation of specific areas.
Citation
“Ulku, Hulya; Zaourak, Gabriel. 2021. Unleashing Central America’s Growth Potential : Panama. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/36129 License: CC BY 3.0 IGO.”