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

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作者：

World Bank Group

来源地址：

http://hdl.handle.net/10986/23333

关键词：

FORECASTS;  RENT SEEKING;  MONETARY POLICY;  ECONOMIC GROWTH;  WORLD TRADE ORGANIZATION;  PRODUCTION;  UTILITY FUNCTIONS;  LAGS;  UNDERVALUATION;  VALUATION;  STRUCTURAL CHANGE;  INTEREST;  MARGINAL COST;  GDP PER CAPITA;  EXPORTS;  ELASTICITY;  MARGINAL PRODUCT;  OPTIMIZATION;  GROSS VALUE;  DEVALUATION;  VARIABLES;  PRICING;  PAYMENTS;  WEALTH;  SURPLUS LABOR;  TRENDS;  CENTRAL BANK LENDING;  CHOICE;  TOTAL FACTOR PRODUCTIVITY;  EXPORT GROWTH;  ECONOMIC BENEFITS;  ECONOMIC COOPERATION;  EXCHANGE RATES;  ECONOMETRICS;  EXTERNALITIES;  MONOPOLY;  DEBT;  MARKETS;  WTO;  SMALLHOLDER AGRICULTURE;  INFLATION RATE;  ECONOMIC SIZE;  INCOME LEVELS;  ECONOMIC REFORMS;  ELASTICITY OF SUBSTITUTION;  UTILITY;  NATURAL RESOURCES;  SUBSIDIES;  INTEREST RATE EFFECT;  ECONOMIC RESEARCH;  BANK DEPOSITS;  MACROECONOMIC STABILIZATION;  EXTERNALITY;  CONSUMPTION;  GROSS FIXED CAPITAL FORMATION;  HUMAN CAPITAL;  VALUE ADDED;  ECONOMIC PERFORMANCE;  CAPITAL;  INTERNATIONAL TRADE;  OPEN MARKET OPERATIONS;  BENCHMARKING;  COMPETITIVENESS;  TREASURY BILLS;  ECONOMIC SECTORS;  DEMAND;  NATIONAL INCOME;  AGGREGATE DEMAND;  EXCESS DEMAND;  ECONOMY;  AGRICULTURE;  DEMOGRAPHIC EFFECTS;  GROWTH MODELS;  MIXED ECONOMY;  MEASUREMENT;  SHARES;  ASSETS;  BENCHMARK;  ECONOMIC THEORY;  TRADE LIBERALIZATION;  ECONOMIC SITUATION;  MONETARY POLICIES;  ECONOMICS;  ECONOMIC MODELS;  PRODUCTION FUNCTION;  INFLATION RATES;  FUNCTIONAL FORMS;  TAXATION;  TRADE;  ECONOMIC INTEGRATION;  GDP;  TOTAL FACTOR PRODUCTIVITY GROWTH;  CREDIT RATIONING;  SUPPLY;  GINI COEFFICIENT;  ECONOMIC TRENDS;  LENDING;  GROWTH POLICIES;  NOMINAL INTEREST RATE;  BANKING SUPERVISION;  EXCESS SUPPLY;  AVERAGE PRODUCTIVITY;  FINANCIAL SECTOR;  OUTCOMES;  OPEN ECONOMIES;  CONSUMPTION INCREASES;  POSITIVE EFFECTS;  DEVELOPMENT POLICY;  INCOME GROUPS;  COMPETITION;  ECONOMIC BOOM;  LIVING STANDARDS;  CAPITAL MARKETS;  RISKS;  REGULATORY FRAMEWORK;  CURRENCY APPRECIATION;  GOVERNMENT EXPENDITURES;  STOCK;  INCOME;  MACROECONOMIC MANAGEMENT;  EXPECTATIONS;  MONEY SUPPLY;  INTEREST RATE;  EXCHANGE;  PROPERTY RIGHTS;  REAL GDP;  ECONOMIC FORECASTING;  DISCOUNT RATE;  MACROECONOMIC POLICY;  TELEPHONE COVERAGE;  LIQUIDITY;  RESERVE REQUIREMENTS;  POLITICAL ECONOMY;  WELFARE;  RISK PREMIUM;  BONDS;  DIMINISHING RETURNS;  INCENTIVES;  MIDDLE INCOME COUNTRY;  DISTRIBUTION;  TRADE REFORMS;  SUBSIDY;  BENCHMARKS;  INPUTS;  RETURNS TO SCALE;  AGRICULTURAL OUTPUT;  INFLATION;  SECURE PROPERTY RIGHTS;  ECONOMIC OUTLOOK;  SAFETY NETS;  BANK LENDING;  CENTRAL BANK;  AGRICULTURAL PRACTICES;  DEVELOPMENT;  MACROECONOMIC STABILITY;  INFLUENCE;  MARGINAL PRODUCTS;  TRADE BALANCE;  SAVINGS;  COSTS;  PER CAPITA INCOME;  DEVELOPMENT ECONOMICS;  TELECOMMUNICATIONS;  MONEY;  RENT;  INTEREST RATES;  PRODUCTIVITY;  INDUSTRIALIZATION;  FAILURES;  DEPOSIT ACCOUNTS;  CRITERIA;  OPEN ECONOMY;  TRADE POLICY;  REAL INTEREST RATE;  TAX REVENUES;  GROSS DOMESTIC PRODUCT;  TAXES;  LEADING INDICATORS;  PRODUCTIVITY GROWTH;  WAGES;  ECONOMETRIC ANALYSIS;  SAVINGS INCREASES;  FINANCIAL CRISIS;  VALUE;  CREDIT;  MACROECONOMICS;  DEVELOPMENT STRATEGY;  PURCHASING POWER;  MARGINAL BENEFITS;  MARGINAL COSTS;  CONSUMERS;  ECONOMIC EFFICIENCY;  Report; 

年份：

2015

出版地：

Washington,USA

语种：

English

摘要：

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.