Ethiopia’s Great Run : The Growth Acceleration and How to Pace It

World Bank Group

Ethiopia’s Great Run : The Growth Acceleration and How to Pace It

2015

World Bank Group

This report addresses two questions: what explains Ethiopia’s growth acceleration?; and how can it be sustained? In brief, the authors find that Ethiopia’s rapid economic growth, concentrated in agriculture and services, was driven by substantial public infrastructure investment and supported by a conducive external environment. To sustain high growth, three policy adjustments are presented: identifying sustainable ways of financing infrastructure, supporting private investment through credit markets, and tapping into the growth potential of structural reforms.

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AGROVOC Keywords

agricultural practices agriculture assets bank deposits benchmarks capital consumers consumption costs credit debt demand devaluation development development economics development strategy distribution econometrics economic benefits economic growth economic integration economic sectors economic situation economic trends economics elasticity exports gross domestic product growth models human capital incentives income industrialization inflation inputs interest rates international trade lending liquidity living standards macroeconomics marginal costs markets measurement monetary policies monopoly national income natural resources pricing production productivity property rights rent savings stock structural change subsidies supply taxation taxes telecommunications trade trade liberalization trends valuation value added wages welfare world trade organization wto

Bibliographic information

Publisher

World Bank, Washington, DC

Other Subjects

Shares; Economic outlook; Economic reforms; Utility functions; Banking supervision; Development policy; Gdp; Trade balance; Marginal cost; Inflation rate; Currency appreciation; Deposit accounts; Real interest rate; Economic theory; Purchasing power; Treasury bills; Payments; Economic models; Reserve requirements; Economic forecasting; Externality; Trade reforms; Value; Economic size; Smallholder agriculture; Diminishing returns; Criteria; Central bank; Middle income country; Undervaluation; Income groups; Wealth; Economic cooperation; Per capita income; Excess supply; Export growth; Positive effects; Capital markets; Aggregate demand; Lags; Elasticity of substitution; Inflation rates; Productivity growth; Economy; Macroeconomic policy; Gross fixed capital formation; Average productivity; Leading indicators; Gini coefficient; Credit rationing; Externalities; Econometric analysis; Political economy; Exchange rates; Marginal product; Choice; Trade policy; Open economies; Gross value; Outcomes; Real gdp; Money supply; Competitiveness; Income levels; Functional forms; Mixed economy; Government expenditures; Marginal benefits; Agricultural output; Influence; Exchange; Macroeconomic stabilization; Financial crisis; Tax revenues; Benchmark; Economic efficiency; Open economy; Bank lending; Risk premium; Demographic effects; Failures; Total factor productivity; Money; Economic research; Economic performance; Central bank lending; Expectations; Financial sector; Variables; Surplus labor; Monetary policy; Savings increases; Safety nets; Interest rate; Subsidy; Consumption increases; Economic boom; Rent seeking; Benchmarking; Interest rate effect; Forecasts; Macroeconomic management; Secure property rights; Risks; Open market operations; Interest; Production function; Marginal products; Total factor productivity growth; Excess demand; Nominal interest rate; Growth policies; Returns to scale; Macroeconomic stability; Competition; Regulatory framework; Optimization; Telephone coverage; Gdp per capita; Bonds; Discount rate; Utility

License

CC BY 3.0 IGO. http://creativecommons.org/licenses/by/3.0/igo/. World Bank

Type

Report; Economic & Sector Work :: General Economy, Macroeconomics, And Growth Study; Economic & Sector Work

In AGRIS since: 2022-09-15

Format: AGRIS AP

Data Provider

This bibliographic record has been provided by World Bank

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Links

http://documents.worldbank.org/curated/en/2015/11/25475811/ethiopia’s-great-run-growth-acceleration-pace http://hdl.handle.net/10986/23333

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