الزامات دستیابی به رشد هشت درصد(مروری بر تجربه سیزده کشور)

Requirements for Achieving 8% Growth: A Review of the Experience of Thirteen Countries

Seyed Hossein Mirjalili

MPRA Paper from University Library of Munich, Germany

Abstract: Targeting an economic growth rate of eight percent has been one of the common objectives of recent development programs. Despite the repeated emphasis on this target, the performance of economy over the past decade demonstrates a considerable gap between the actual and the desired outcomes. Why is this the case? The answer lies in the fact that sustaining high growth rates requires certain prerequisites; without providing these conditions and without policymakers’ commitment to them, such growth will never be realized. The second question is: what are these prerequisites? This article, drawing on the experience of thirteen economies that have achieved continuous growth rates of eight percent or higher in recent decades, offers policy-relevant insights. The key points proposed for long-term consensus among policymakers include: government efficiency; the role of investment (in physical capital, infrastructure, and human capital); transfer of technical knowledge; competition and structural transformation centered on productivity; attention to the labor market; export development; exchange rate management; capital inflows and gradual liberalization of financial markets; macroeconomic stability; support of investment through savings; development of the financial sector; rural investment; equality of opportunity; regional development; and finally, energy and environmental management.

Keywords: Economic Growth; Sustained Eight Percent Growth; Growth Commission; Economic Stability; Developmental State. (search for similar items in EconPapers)
JEL-codes: O40 O5 (search for similar items in EconPapers)
Date: 2016-03-09, Revised 2016-04-08
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Published in Economic Studies, Parliament Center for Research 58.22(2016): pp. 1-18

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:125876

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