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

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World Bank (WB)

Abstract: 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.
Type: Report
Economic & Sector Work :: General Economy, Macroeconomics, and Growth Study
Economic & Sector Work
Link: http://hdl.handle.net/10986/23333
Subject: 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




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