Anchoring Growth: The Importance of Productivity-Enhancing Reforms in Emerging Market and Developing Economies

Dabla‐Norris, Era; Ho, Giang; Kochhar, Kalpana; Kyobe, Annette J; Tchaidze, Robert

doi:10.1142/s179399331450001x

Cited by 14 publications

(21 citation statements)

References 26 publications

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“…Hence, the sample size for Fakai is 160.8 and for Rijau 159.2, yielding a total of 320 households to sample randomly in each community. The World Bank Group Financial Inclusion (Global Findex) database, launched in 2011 (see Demirguc-Kunt et al 2015), served as a template for the questionnaire design in this study. The primary data collected and used in this study can be downloaded from WASCAL's Geo portal at https://wascal-dataportal.org/geonetwork/apps/search/.…”

Section: Sample Sizementioning

confidence: 99%

Estimating the effects of financial access on poor farmers in rural northern Nigeria

Abraham¹

2018

Financ Innov

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By recognizing the gap in the literature in examining the effects of financial resources and development outcomes at the household level, this paper examines whether the poorest income quintile would benefit most from programs aimed at increasing their access to financial services in rural northern Nigeria. Most households from this part of the world consist of farmers and, hence, are exposed to the vagaries of climate change. The data from 320 questionnaires administered in two rural communities (Rijau and Fakai) were analyzed using an ordered logit regression model. The results showed that access to financial services by using formal financial institutions and farmer savings clubs benefits vulnerable farmers (mostly women). The robustness check using the Brant test also confirmed that the parallel regression assumption of the model was not violated. A policy scenario that seeks to increase the delivery of financial services to rural farm households using community savings clubs and microfinance institution reforms for reaching the financially underserved was also found to benefit the poorest income quintile, hence, bringing them out of poverty.

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Section: Sample Sizementioning

confidence: 99%

Estimating the effects of financial access on poor farmers in rural northern Nigeria

Abraham¹

2018

Financ Innov

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“…The slowdown since 2010 has been attributed to sliding commodity prices (Gruss 2014); financial system strains (Aslund 2013); and weaker trading partner demand (Cubeddu et al 2014;Fayad and Perrelli 2014;IMF 2014a). Alternatively, common factors could reflect a coincidence of domestic developments, including policy tightening (Fayad and Perrelli 2014), political uncertainty, demographic trends, and slowing productivity growth (Dabla-Norris et al 2013). …”

Section: Sources Of the Slowdownmentioning

confidence: 99%

“…Moreover, growth gains from structural reforms could be particularly large in EM and FM, as compared to AE, for two reasons. First, emerging and frontier market economies tend to display higher inter-sectoral dispersion in productivity than advanced economies (Dabla-Norris et al 2013;Anand et al 2014). Second, misallocation of capital and labor is pervasive in a number of emerging and frontier markets (Hsieh and Klenow 2009;IADB 2013).…”

Section: B Structural Policiesmentioning

confidence: 99%

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Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?

Didier¹,

Köse

Ohnsorge

et al. 2016

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract: Emerging markets (EM) face their fifth consecutive year of slowing growth and a possibly longer period of sluggish performance than previously thought. This paper presents a comprehensive analysis of the nature of and the appropriate policy responses to the growth slowdown in EM. It reports three main results. First, the slowdown is synchronous and protracted, affecting a sizable number of EM, especially large ones. Second, it has been driven by both external factors, including weak world trade, low commodity prices, and tightening financial conditions; and domestic factors, including slowdown in productivity growth, bouts of policy uncertainty, and an erosion of policy buffers. Both structural and cyclical factors have contributed to the slowdown. Third, the room for accommodative cyclical fiscal and monetary policies is limited in many EM, lending urgency to putting in place structural reforms to upgrade governance structures, improve business environments, raise human and physical capital, and manage demographic pressures. JEL Classification Numbers: E60, F6, F43, O4, O43. Terms of use: Documents in

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“…On the other hand, the pace of structural economic policy reform has been relatively slow in Ethiopia, especially in recent years. There is a growing consensus that both macro-and microeconomic policy reforms can lead to improvements in resource allocation, productivity, and growth (Dabla-Noris et al, 2014). Between 1991 and 2003, as it was transitioning away from communism, Ethiopia implemented wide-ranging market-oriented reforms, but achieved relatively modest economic growth.…”

Section: Introductionmentioning

confidence: 99%

Ethiopia's Growth Acceleration and How to Sustain It—insights from a Cross-Country Regression Model

Moller¹,

Wacker²

2015

Policy Research Working Papers

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The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

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Anchoring Growth: The Importance of Productivity-Enhancing Reforms in Emerging Market and Developing Economies

Cited by 14 publications

References 26 publications

Estimating the effects of financial access on poor farmers in rural northern Nigeria

Estimating the effects of financial access on poor farmers in rural northern Nigeria

Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?

Ethiopia's Growth Acceleration and How to Sustain It—insights from a Cross-Country Regression Model

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