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Growth trends in the developing world : country forecasts and determinants

Author: Elena Ianchovichina; Pooja Kacker; World Bank. Poverty Reduction and Economic Management. Economic Policy and Debt Department.
Publisher: Washington, D.C. : World Bank, Poverty Reduction and Economic Management Network, Economic Policy Dept., 2005.
Series: Policy research working papers, 3775.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
The authors present real per capita GDP growth forecasts for all developing countries for the period 2005-14. For 55 of these countries, representing major world regions and accounting for close to 80 percent of the developing world's GDP, they forecast the growth effects of the main forces underpinning growth, assuming that these evolve following past trends. The authors find that for the average developing country  Read more...
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Additional Physical Format: Print version:
Ianchovichina, Elena.
Growth trends in the developing world.
Washington, D.C. : World Bank, Poverty Reduction and Economic Management Network, Economic Policy Dept., 2005
(OCoLC)62709638
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Elena Ianchovichina; Pooja Kacker; World Bank. Poverty Reduction and Economic Management. Economic Policy and Debt Department.
OCLC Number: 647641511
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (62 pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: Policy research working papers, 3775.
Responsibility: Elena Ianchovichina and Pooja Kacker.

Abstract:

The authors present real per capita GDP growth forecasts for all developing countries for the period 2005-14. For 55 of these countries, representing major world regions and accounting for close to 80 percent of the developing world's GDP, they forecast the growth effects of the main forces underpinning growth, assuming that these evolve following past trends. The authors find that for the average developing country the largest growth dividend comes from continued improvement in public infrastructure, followed by the growth contributions of rising secondary school enrollment, trade openness, and financial deepening. The joint contribution of these four growth determinants to average, annual per capita GDP growth in the next decade is estimated to be 1 percentage point. Failure to keep improving public infrastructure alone could reduce this growth dividend by 50 percent. The forecasted growth contributions differ by country qualitatively and quantitatively.

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