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Growth trends in the developing world : country forecasts and determinants

Author: Elena Ianchovichina; Pooja Kacker; World Bank.
Publisher: [Washington, D.C] : World Bank, 2005.
Series: Policy research working paper, 3775; World Bank E-Library Archive
Edition/Format:   Computer file : 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  Read more...
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Details

Material Type: Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Elena Ianchovichina; Pooja Kacker; World Bank.
OCLC Number: 874233926
Notes: Erscheinungsjahr in Vorlageform:[2005].
Description: 1 online resource.
Series Title: Policy research working paper, 3775; World Bank E-Library Archive
Responsibility: Elena Ianchovichina, 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. "--World Bank web site.

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