Togo Growth Diagnostics

Show simple item record

collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Lundstrom, Susanna
dc.contributor.author
Garrido, Leonardo
dc.date.accessioned
2012-03-19T18:43:30Z
dc.date.available
2012-03-19T18:43:30Z
dc.date.issued
2010-12-01
dc.date.lastModified
2021-04-23T14:02:14Z
dc.description.abstract
This paper starts by analyzing past growth trends and sources of growth in Togo, as well as the structure of the economic actors in the country. The second part explores the current binding constraints to rapid and sustainable growth. For increased international competitiveness and growth, Togo will need to raise efforts to streamline its costly and cumbersome business procedures. However, for this to have a sizable impact, Togo must prove to potential investors that political stability is permanent and that corruption, poor budget execution and mismanagement of state owned enterprises belongs to the past. As a result of the new government's reform agenda and the return of international aid, a window of opportunities for high returns to the still limited public investments has opened up. This is especially true in infrastructure and connectivity services, which would not only take advantage of Togo's geographical location as a regional hub, but also make growth in Togo more inclusive. And as economic opportunities arise for the private sector, there is a need to restructure the banking sector, which has already started, to smooth distortions in the credit market. Promising sectors within agriculture that are vital to economic growth, employment opportunities, and poverty reduction remain important, but will need to overcome a number of coordination failures. Not least due to the history of government interventions causing economic distortions, the government must allow for a stronger role for private operators and encourage it wherever possible. Finally, although education does not exhibit constraints to economic activity in Togo today, it is of importance to improve the quality of education, not least to profit from and catalyze the opportunities related to Togo's potential as a regional hub.
en
dc.identifier
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101221164522
dc.identifier.uri
http://hdl.handle.net/10986/3993
dc.language
English
dc.relation.ispartofseries
Policy Research working paper ; no. WPS 5509
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCESS TO CAPITAL
dc.subject
ACCESS TO FINANCE
dc.subject
AGGREGATE DEMAND
dc.subject
AGGREGATE SUPPLY
dc.subject
AGRICULTURAL SECTOR
dc.subject
AGRICULTURE
dc.subject
ANNUAL GROWTH
dc.subject
ARREARS
dc.subject
AVERAGE GROWTH
dc.subject
AVERAGE GROWTH RATE
dc.subject
AVERAGE INCOME
dc.subject
AVERAGE INCOME LEVEL
dc.subject
AVERAGE PRODUCTIVITY
dc.subject
BANKING SECTOR
dc.subject
BANKS
dc.subject
BENCHMARK
dc.subject
BENCHMARKING
dc.subject
BENCHMARKS
dc.subject
BUSINESS ENTERPRISE
dc.subject
BUSINESS ENTERPRISES
dc.subject
CAPITAL ACCOUNT
dc.subject
CAPITAL ACCUMULATION
dc.subject
CAPITAL FLOWS
dc.subject
CAPITAL INVESTMENTS
dc.subject
CAPITAL MARKET
dc.subject
CAPITAL MARKETS
dc.subject
CAPITAL STOCK
dc.subject
CAPITAL STOCKS
dc.subject
CENTRAL BANK
dc.subject
COMPARATIVE ADVANTAGE
dc.subject
COMPARATOR COUNTRIES
dc.subject
COMPETITIVENESS
dc.subject
CORRUPTION
dc.subject
COST OF CAPITAL
dc.subject
COUNTRY COMPARISONS
dc.subject
COUNTRY SPECIFIC
dc.subject
CREDIT CONSTRAINT
dc.subject
CREDIT MARKET
dc.subject
CREDIT WORTHINESS
dc.subject
CROSS COUNTRY
dc.subject
CURRENT ACCOUNT
dc.subject
DATA AVAILABILITY
dc.subject
DEBT
dc.subject
DEBT MATURITY
dc.subject
DEBT RELIEF
dc.subject
DEVALUATION
dc.subject
DEVELOPING COUNTRIES
dc.subject
DEVELOPMENT POLICY
dc.subject
DISCOUNT RATE
dc.subject
DIVERSIFICATION
dc.subject
DOMESTIC CREDIT
dc.subject
DOMESTIC SAVINGS
dc.subject
DONOR FUNDING
dc.subject
DONOR SUPPORT
dc.subject
DYNAMIC ANALYSIS
dc.subject
ECONOMIC ACTIVITIES
dc.subject
ECONOMIC ACTIVITY
dc.subject
ECONOMIC CRISIS
dc.subject
ECONOMIC DECLINE
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC INTEGRATION
dc.subject
ECONOMIC LITERATURE
dc.subject
ECONOMIC OPPORTUNITIES
dc.subject
ECONOMIC PERFORMANCE
dc.subject
ECONOMIC POLICIES
dc.subject
ECONOMIC POLICY
dc.subject
ECONOMIC REFORMS
dc.subject
ECONOMIC SECTORS
dc.subject
ECONOMIC STRUCTURE
dc.subject
ECONOMIC STRUCTURES
dc.subject
EDUCATION LEVEL
dc.subject
EDUCATION LEVELS
dc.subject
EDUCATIONAL LEVEL
dc.subject
EMPLOYMENT DYNAMICS
dc.subject
EMPLOYMENT GROWTH
dc.subject
EMPLOYMENT OPPORTUNITIES
dc.subject
ENDOWMENTS
dc.subject
ENROLLMENT
dc.subject
ENTREPRENEURSHIP
dc.subject
EXCHANGE RATE
dc.subject
EXCHANGE RATE REGIME
dc.subject
EXPECTED RETURNS
dc.subject
EXPENDITURE
dc.subject
EXPLANATORY VARIABLES
dc.subject
EXPORT DIVERSIFICATION
dc.subject
EXPORT GROWTH
dc.subject
EXPORTS
dc.subject
EXTERNAL CAPITAL
dc.subject
EXTERNALITIES
dc.subject
FAMILY FARMS
dc.subject
FARMERS
dc.subject
FINANCIAL ACCOUNT
dc.subject
FINANCIAL CRISES
dc.subject
FINANCIAL CRISIS
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL INTERMEDIATION
dc.subject
FINANCIAL MARKET
dc.subject
FINANCIAL SECTOR
dc.subject
FINANCIAL SERVICES
dc.subject
FINANCING COSTS
dc.subject
FISCAL POLICIES
dc.subject
FIXED CAPITAL
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN DIRECT INVESTMENTS
dc.subject
FOREIGN EXCHANGE
dc.subject
FOREIGN INVESTMENT
dc.subject
GDP
dc.subject
GDP PER CAPITA
dc.subject
GOVERNMENT EXPENDITURES
dc.subject
GOVERNMENT INTERVENTIONS
dc.subject
GROSS DOMESTIC PRODUCT
dc.subject
GROSS FIXED CAPITAL FORMATION
dc.subject
GROSS NATIONAL SAVINGS
dc.subject
GROSS VALUE
dc.subject
GROWTH PROSPECTS
dc.subject
GROWTH RATE
dc.subject
GROWTH RATES
dc.subject
HEADCOUNT RATIO
dc.subject
HIGH GROWTH
dc.subject
HIGH GROWTH RATE
dc.subject
HIGHER EDUCATION LEVEL
dc.subject
HUMAN CAPITAL
dc.subject
HUMAN DEVELOPMENT
dc.subject
INCOME
dc.subject
INCOME DISTRIBUTION
dc.subject
INCOME GROUP
dc.subject
INCOME GROUPS
dc.subject
INCOME GROWTH
dc.subject
INCOME GROWTH RATE
dc.subject
INCOME LEVELS
dc.subject
INDEPENDENT VARIABLES
dc.subject
INFORMATION TECHNOLOGY
dc.subject
INTEREST RATE
dc.subject
INTERNATIONAL BANK
dc.subject
INTERNATIONAL TRADE
dc.subject
INVENTORY
dc.subject
INVESTMENT CLIMATE
dc.subject
INVESTMENT RATIO
dc.subject
JOB OPPORTUNITIES
dc.subject
LABOR FORCE
dc.subject
LABOR FORCE PARTICIPATION
dc.subject
LANDLOCKED COUNTRIES
dc.subject
LEGAL TENDER
dc.subject
LIMITED ACCESS
dc.subject
LIQUIDITY
dc.subject
LIVING STANDARDS
dc.subject
MACRO STABILITY
dc.subject
MACROECONOMIC POLICIES
dc.subject
MACROECONOMIC STABILITY
dc.subject
MARKET FAILURES
dc.subject
MEDIUM TERM
dc.subject
MIDDLE INCOME COUNTRY
dc.subject
MIGRATION
dc.subject
MONETARY POLICIES
dc.subject
MONETARY POLICY
dc.subject
OPPORTUNITY COST
dc.subject
PER CAPITA GROWTH
dc.subject
PER CAPITA INCOME
dc.subject
PHYSICAL CAPITAL
dc.subject
POLICY CHANGE
dc.subject
POLICY RESEARCH
dc.subject
POLITICAL INSTABILITY
dc.subject
POLITICAL STABILITY
dc.subject
POLITICAL SUPPORT
dc.subject
POOR COUNTRIES
dc.subject
POOR PEOPLE
dc.subject
POVERTY LINE
dc.subject
POVERTY REDUCTION
dc.subject
POVERTY TRAPS
dc.subject
PRICE INCREASES
dc.subject
PRIMARY EDUCATION
dc.subject
PRIVATE INVESTMENT
dc.subject
PRIVATE INVESTMENTS
dc.subject
PRODUCTION FUNCTION
dc.subject
PRODUCTIVITY
dc.subject
PRODUCTIVITY GROWTH
dc.subject
PROPERTY RIGHTS
dc.subject
PUBLIC DEBT
dc.subject
PUBLIC FINANCES
dc.subject
PUBLIC INVESTMENT
dc.subject
PUBLIC INVESTMENTS
dc.subject
PUBLIC OFFICIALS
dc.subject
PUBLIC SECTOR
dc.subject
PURCHASING POWER
dc.subject
PURCHASING POWER PARITY
dc.subject
RAPID GROWTH
dc.subject
REAL EXCHANGE RATE
dc.subject
REAL GDP
dc.subject
RECESSION
dc.subject
REMITTANCES
dc.subject
RURAL AREAS
dc.subject
RURAL POOR
dc.subject
SAVING RATE
dc.subject
SECTOR ACTIVITIES
dc.subject
SECTORAL COMPOSITION
dc.subject
SELF EMPLOYMENT
dc.subject
SIGNIFICANT IMPACT
dc.subject
SOURCE OF INFORMATION
dc.subject
SOURCES OF FINANCE
dc.subject
STRUCTURAL ADJUSTMENT
dc.subject
STRUCTURAL BOTTLENECKS
dc.subject
SUSTAINABLE GROWTH
dc.subject
TAXATION
dc.subject
TECHNOLOGY FRONTIER
dc.subject
TOTAL FACTOR PRODUCTIVITY
dc.subject
TRADE BALANCE
dc.subject
TRADE POLICIES
dc.subject
TRANSPORT
dc.subject
UNEMPLOYMENT
dc.subject
UNEMPLOYMENT RATES
dc.subject
UNION
dc.subject
URBAN AREAS
dc.subject
URBAN POOR
dc.subject
URBAN WORKERS
dc.subject
VALUE ADDED
dc.subject
WOMAN
dc.title
Togo Growth Diagnostics
en
okr.date.disclosure
2010-12-01
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.docurl
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101221164522
okr.globalpractice
Poverty
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-5509
okr.identifier.externaldocumentum
000158349_20101221164522
okr.identifier.internaldocumentum
13264204
okr.identifier.report
WPS5509
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/12/21/000158349_20101221164522/Rendered/PDF/WPS5509.pdf
en
okr.region.administrative
Africa
okr.region.administrative
Africa
okr.region.country
Togo
okr.region.geographical
West Africa
okr.region.geographical
Sub-Saharan Africa
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.unit
Development Research Group (DECRG)
okr.volume
1 of 1

Show simple item record



This item appears in the following Collection(s)