Anchoring Growth: The Importance of Productivity-Enhancing Reforms in Emerging Market and Developing Economies
Era Dabla-Norris (),
Annette Kyobe () and
Robert Tchaidze ()
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Era Dabla-Norris: International Monetary Fund, 700 19th Street, N.W., Washington, D.C., 20431, USA
Robert Tchaidze: International Monetary Fund, 700 19th Street, N.W., Washington, D.C., 20431, USA
Journal of International Commerce, Economics and Policy (JICEP), 2014, vol. 05, issue 02, 1-29
This paper examines the supply side drivers of growth in emerging market and developing economics (EMDEs) during the past decades and discusses the role of productivity-enhancing reforms in bolstering future growth prospects. It examines aggregate and sectoral productivity trends including around reform episodes to draw broad policy lessons on what policies are needed to increase productivity. Findings suggest appropriate policies need to be tailored to the stage of economic development and to other pertinent features that give rise to the heterogeneous experiences of EMDEs.
Keywords: Total factor productivity (TFP); productivity; economic growth; structural reforms; institutions; emerging market and developing economies; agriculture; industry; services; D24; O16; O24; O43; O47 (search for similar items in EconPapers)
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Working Paper: Anchoring Growth: The Importance of Productivity-Enhancing Reforms in Emerging Market and Developing Economies (2013)
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