growth diagnostics for a resource rich transition economy the case of mongolia is popular PDF and ePub book, written by Elena Ianchovichina in 2007, it is a fantastic choice for those who relish reading online the Access to Finance genre. Let's immerse ourselves in this engaging Access to Finance book by exploring the summary and details provided below. Remember, growth diagnostics for a resource rich transition economy the case of mongolia can be Read Online from any device for your convenience.
growth diagnostics for a resource rich transition economy the case of mongolia Book PDF Summary
Abstract: This paper uses a growth diagnostics approach à la Hausmann, Rodrik, and Velasco (HRV) to identify the most 'binding' constraints to private sector growth in Mongolia - a small, low-income, mineral-rich, transition economy. The approach of applying the HRV methodology is useful in those cases where a lack of data prevents us from estimating shadow prices to identify the most 'binding' constraint to growth. We find that although Mongolia is not liquidity constrained and has grown rapidly in recent years, economic growth has been narrowly based. Investment has flowed mainly into a small number of firms operating in mining and construction. The low level of private investment in sectors outside mining and construction has been due to low returns - a result of costly and unreliable transportation services; lengthy and complex transit procedures, including customs and trade rules; distortionary taxes; coordination failures, at both domestic and international levels; and growing corruption. Poor financial intermediation is also a problem that has kept the cost of finance high, although lower than in previous years. Alleviating these binding constraints will ensure that Mongolia maintains the path towards sustained, broad-based growth.
Detail Book of growth diagnostics for a resource rich transition economy the case of mongolia PDF
- Author : Elena Ianchovichina
- Release : 20 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Access to Finance
- Total Page : 39 pages
- Language : English
- PDF File Size : 21,9 Mb
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