Macroeconomic Challenges Of Structural Transformation

Author : Lacina Balma,Mthuli Ncube
Publisher : International Monetary Fund
Page : 38 pages
File Size : 51,5 Mb
Release : 2015-07-20
Category : Business & Economics
ISBN : 9781513599038

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Macroeconomic Challenges of Structural Transformation by Lacina Balma,Mthuli Ncube Pdf

This paper analyzes the link between public investment, economic growth and debt sustainability in Sierra Leone using an inter-temporal macroeconomic model. In the model, public capital improves the productive capacity of private capital, generating positive medium and long term effects to increases in public investment. The model application indicates that a large increase in public investment would have positive macroeconomic effects in the medium term. However, since there is no free lunch, rigidities in tax adjustment would entail unrealistic and unachievable adjustment in the current spending to cover recurrent costs and ensure debt sustainability. A more ambitious increase in public investment would entail more fiscal adjustment, particularly if external commercial loans are secured to complement the adjustment. The model simulations also emphasize the importance of improvements in the structural economic conditions to reap growth dividends. In addition, even if the macroeconomic implications of public investment scaling-up can be favorable in the long term under changes in certain structural conditions, downside risks such as terms of trade shifts and Ebola-induced productivity shortfall expose the country to increased risk of unsustainable debt dynamics. This underscores the need to remove bottlenecks to growth and maintain prudent borrowing policies.

Author : McMillan, Margaret ,Rodrik, Dani,Sepúlveda, Claudia
Publisher : Intl Food Policy Res Inst
Page : 328 pages
File Size : 40,5 Mb
Release : 2017-05-11
Category : Political Science
ISBN : 9780896292147

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Structural change, fundamentals, and growth : a framework and case studies by McMillan, Margaret ,Rodrik, Dani,Sepúlveda, Claudia Pdf

Author : Mr.Nicola Spatafora,Rahul Anand,Mr.Saurabh Mishra
Publisher : International Monetary Fund
Page : 51 pages
File Size : 44,7 Mb
Release : 2012-02-01
Category : Business & Economics
ISBN : 9781463937775

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Structural Transformation and the sophistication of Production by Mr.Nicola Spatafora,Rahul Anand,Mr.Saurabh Mishra Pdf

A new dataset on export sophistication reveals that in many countries the importance of modern services, and the sophistication of manufactured and service exports, has increased over time. However, this trend was less pronounced in LICs. Sophisticated sectors are more likely to act as a catalyst for broad-based economic growth, rather than turning into isolated enclaves, when the economy is liberalized, the exchange rate is not overvalued, and there are good information flows. An educated workforce, external liberalization, and good information flows are important prerequisites for developing sophisticated goods and services. An appropriate macroeconomic policy is particularly important for goods, skilled labor and good information flows for services.

Author : Iyanatul Islam
Publisher : Springer
Page : 343 pages
File Size : 46,8 Mb
Release : 2014-02-25
Category : Business & Economics
ISBN : 9781137379252

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Beyond Macroeconomic Stability by Iyanatul Islam Pdf

This volume goes beyond a narrow conceptualization of macroeconomic stability and explores the link between socio-economic policies, structural transformation and inclusive development. It rests on three thematic pillars: the limits of conventional macroeconomics; the long run agenda of structural transformation and the development of capabilities.

Author : Antonio Andreoni,Pamela Mondliwa,Simon Roberts,Fiona Tregenna
Publisher : Oxford University Press
Page : 411 pages
File Size : 53,9 Mb
Release : 2021
Category : Business & Economics
ISBN : 9780192894311

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Structural Transformation in South Africa by Antonio Andreoni,Pamela Mondliwa,Simon Roberts,Fiona Tregenna Pdf

Taking South Africa as an important case study of the challenges of structural transformation, the book offers a new micro-meso level framework and evidence linking country-specific and global dynamics of change, with a focus on the current challenges and opportunities faced by middle-income countries.

Author : Mustafa K. Mujeri,Neaz Mujeri
Publisher : Springer Nature
Page : 299 pages
File Size : 48,6 Mb
Release : 2021-03-18
Category : Business & Economics
ISBN : 9789811607646

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Structural Transformation of Bangladesh Economy by Mustafa K. Mujeri,Neaz Mujeri Pdf

This book examines the theory and global evidence on structural transformation along with stylised facts and implications using, among others, a dynamic panel model, for South Asia. The characteristics of the structural transformation process in Bangladesh bring out the relevance of a comprehensive and inclusive South Asian ‘brand’ in view of the challenges of large population size, high burden of poverty, rising inequalities and its compulsion to achieve rapid and sustained inclusive development. The analysis highlights several distinct characteristics of Bangladesh’s structural transformation including changes in value added, trade, employment, productivity, formal-informal jobs, and opportunities for low-skilled workers. The book suggests that the manufacturing sector could not create the required number of jobs and generate rapid absolute and relative productivity gains in the Bangladesh economy. Although the services sector has largely led output and employment growth, services subsectors with strong labour absorptive capacity have low average productivity. Hence, growth-enhancing structural transformation led by these subsectors is likely to be less dynamic than required for rapid employment-creating growth in the economy. The book’s analysis on COVID-19 and cyclone Amphan shows that an integrated disaster and development paradigm is needed for Bangladesh. An inclusive and health and well-being focused structural transformation presents the pathway to advance the people-centred approach to development in Bangladesh through both vulnerability reduction and investments in sustainable development that would offset both known and unknown disaster threats. The key for Bangladesh is to skillfully manage the ‘developer’s dilemma’ of achieving both structural transformation in terms of large productivity gains and inclusive growth for reducing poverty and rising inequalities. This book is relevant to students, academicians and development practitioners and others interested in contemporary development.

Author : Bruno Losch,Sandrine Freguin-Gresh,Eric Thomas White
Publisher : World Bank Publications
Page : 306 pages
File Size : 42,7 Mb
Release : 2012-06-18
Category : Business & Economics
ISBN : 9780821395134

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Structural Transformation and Rural Change Revisited by Bruno Losch,Sandrine Freguin-Gresh,Eric Thomas White Pdf

Based on new evidence from in-depth field surveys, this book addresses the unique situation of countries that remain deeply engaged in agriculture, and proposes a set of policy orientations which could facilitate the process of rural change.

Author : Manoj Atolia,Mr.Prakash Loungani,Milton Marquis,Mr.Chris Papageorgiou
Publisher : International Monetary Fund
Page : 49 pages
File Size : 46,7 Mb
Release : 2018-09-28
Category : Business & Economics
ISBN : 9781484377499

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Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation by Manoj Atolia,Mr.Prakash Loungani,Milton Marquis,Mr.Chris Papageorgiou Pdf

This paper takes a fresh look at the current theories of structural transformation and the role of private and public fundamentals in the process. It summarizes some representative past and current experiences of various countries vis-a-vis structural transformation with a focus on the roles of manufacturing, policy, and the international environment in shaping the trajectory of structural transformation. The salient aspects of the current debate on premature deindustrialization and its relation to a middle-income trap are described as they relate to the path of structural transformation. Conclusions are drawn regarding prospective future paths for structural transformation and development policies.

Author : Banji Oyelaran-Oyeyinka,Padmashree Gehl Sampath
Publisher : Springer
Page : 223 pages
File Size : 48,5 Mb
Release : 2016-04-29
Category : Business & Economics
ISBN : 9781137561121

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Sustainable Industrialization in Africa by Banji Oyelaran-Oyeyinka,Padmashree Gehl Sampath Pdf

Sustainable Industrialization in Africa explores the issues that confront development policy in the context of the MDGs and the post-2015 development agenda from an African perspective. The book argues that development is an ultimate outcome of sustainable, equitable industrialization, and that any development agenda for the future has to ensure that industrialization is fostered in a way that makes economies independent and responsive to the needs of all citizens. Future challenges for sustainable industrialization in Africa, based upon the differences in its current industrialization trajectories, are discussed to ensure that industrial growth results in positive economic and social outcomes in the context of the post-2015 development agenda.

Author : Piya Mahtaney
Publisher : Unknown
Page : 0 pages
File Size : 54,6 Mb
Release : 2021
Category : Electronic
ISBN : 9813346639

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Structural Transformation by Piya Mahtaney Pdf

The book presents a comprehensive and incisive analysis of Structural transformation which is among the most relevant and crucial themes of contemporary economics. Structural transformation is the edifice that is the basis of the next phase of economic transformation. The book demonstrates that structural transformation cannot be shoe horned into a single point formula, it is not merely about achieving a double-digit growth rate, nor it is achieved by an overarching emphasis on rapid technological advancement. Based on empirical evidence pertinent to developed and developing nations and present imperatives the book provides a comprehensive elucidation that that structural transformation will be profoundly determined by the empirics of investment, Innovation and Institutions. Piya Mahtaney is a visiting lecturer with St Xavier's Institute of Communications (Mumbai) and Department of Economics of St Xavier's College, Kolkata, India. She is also council member of Forum of Free Enterprise and on the academic council of Maharashtra Institute of Technology. She writes a monthly column, Econ Buzz about a wide gamut of issues pertinent to sustainable development issues in Forum Views published by the Brokers Forum, Bombay Stock Exchange (BSE). She has written four books.

Author : Mr.Tamim Bayoumi,Mr.Guy Meredith,Bijan B. Aghevli
Publisher : International Monetary Fund
Page : 256 pages
File Size : 53,8 Mb
Release : 1998-06-09
Category : Business & Economics
ISBN : 1557756961

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Structural Change in Japan by Mr.Tamim Bayoumi,Mr.Guy Meredith,Bijan B. Aghevli Pdf

This volume, by Bijan B. Aghevli, Tamim Bayoumi, and Guy Meredith, is based on a seminar on structural change in Japan held in early 1997 and chaired by the IMF's First Deputy Managing Director, Stanley Fischer. Discussion of teh day-to-day management of the standard levers of fiscal and monetary policy is interlinked with consideration for the more deep-seated structural issues. By shifting and destabilizing the underlying economic relationships and creating uncertainty, structural change complicates the task of policy analysis. This volume describes how the IMF is responding to these challenges and how outside experts assess this effect.

Author : Kwang Suk Kim,Michael Roemer
Publisher : BRILL
Page : 224 pages
File Size : 47,5 Mb
Release : 2020-03-17
Category : History
ISBN : 9781684172191

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Growth and Structural Transformation by Kwang Suk Kim,Michael Roemer Pdf

This study provides a comprehensive overview of Korea’s macroeconomic growth and structural change since World War II, and traces some of the roots of development to the colonial period. The authors explore in detail colonial development, changing national income patterns, relative price shifts, sources of aggregate growth, and sources of sectoral structural change, comparing them with other countries.

Author : Justin Yifu Lin
Publisher : World Bank Publications
Page : 389 pages
File Size : 41,7 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9780821389577

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New Structural Economics by Justin Yifu Lin Pdf

This book provides an innovative framework to analyze the process of industrial upgrading and diversification, a key feature of economic development. Based on this framework, it provides concrete advice to development practitioners and policy makers on how to unleash a country's growth potential.

Author : Alfio Cerami
Publisher : Springer
Page : 390 pages
File Size : 53,5 Mb
Release : 2013-03-18
Category : Political Science
ISBN : 9781137318213

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Permanent Emergency Welfare Regimes in Sub-Saharan Africa by Alfio Cerami Pdf

This book examines the relationship between development economics, social protection and democratization in the specific context of Sub-Saharan Africa. Moving existing theories of transformation into a new terrain, it sheds light on the exclusive origins of dictatorship and democracy.

Author : Jorge M. Katz,United Nations. Economic Commission for Latin America and the Caribbean
Publisher : United Nations Publications
Page : 164 pages
File Size : 49,9 Mb
Release : 2001
Category : Business & Economics
ISBN : UCSD:31822029884582

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Structural Reforms, Productivity and Technological Change in Latin America by Jorge M. Katz,United Nations. Economic Commission for Latin America and the Caribbean Pdf

In the last ten to fifteen years, profound structural reforms have moved Latin America and the Caribbean from closed, state-dominated economies to ones that are more market-oriented and open. Policymakers expected that these changes would speed up growth. This book is part of a multi-year project to determine whether these expectation have been fulfilled. Focusing on technological change, the impact of the reforms on the process of innovation is examined. It notes that the development process is proving to be highly heterogenous across industries, regions and firms and can be described as strongly inequitable. This differentiation that has emerged has implications for job creation, trade balance, and the role of small and medium sized firms. This ultimately suggests, amongst other things, the need for policies to better spread the use of new technologies.