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

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  • Ms. Era Dabla-Norris
  • Giang Ho
  • Ms. Kalpana Kochhar
  • Ms. Annette J Kyobe
  • Mr. Robert Tchaidze

Abstract

Fostering and sustaining robust economic growth is an imperative across advanced, emerging, and low-income countries alike. Countries will need to focus on supply-side reforms to raise their potential output and anchor medium-term growth prospects. This SDN will emphasize the role of structural reforms and supportive policy and institutional frameworks for boosting productivity–a key engine of economic growth–in the wake of the crisis. By examining a broad spectrum of reforms that eliminate impediments to growth, the paper will seek to highlight a differentiated policy agenda across countries.

Suggested Citation

  • Ms. Era Dabla-Norris & Giang Ho & Ms. Kalpana Kochhar & Ms. Annette J Kyobe & Mr. Robert Tchaidze, 2013. "Anchoring Growth: The Importance of Productivity-Enhancing Reforms in Emerging Market and Developing Economies," IMF Staff Discussion Notes 2013/008, International Monetary Fund.
    • Handle: RePEc:imf:imfsdn:2013/008
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    11. Ms. Era Dabla-Norris & Mr. Alun H. Thomas & Mr. Rodrigo Garcia-Verdu & Ms. Yingyuan Chen, 2013. "Benchmarking Structural Transformation Across the World," IMF Working Papers 2013/176, International Monetary Fund.
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    Cited by:

    1. Zia Qureshi & Jose L. Diaz-Sanchez & Aristomene Varoudakis, 2015. "The Post-crisis Growth Slowdown in Emerging Economies and the Role of Structural Reforms," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 7(2), pages 179-200, May.
    2. Robertson Amoah & Kwarteng Peter, 2021. "Testing the Productivity Growth Effects of Financial Liberalisation on the Economic Sectors of Ghana in the Precence of Structural Breaks," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(4), pages 157-157, July.
    3. Romain Bouis & Mr. Romain A Duval & Johannes Eugster, 2016. "Product Market Deregulation and Growth: New Country-Industry-Level Evidence," IMF Working Papers 2016/114, International Monetary Fund.
    4. Rahul Anand & Ms. Kalpana Kochhar & Mr. Saurabh Mishra, 2015. "Make in India: Which Exports Can Drive the Next Wave of Growth?," IMF Working Papers 2015/119, International Monetary Fund.
    5. International Monetary Fund, 2015. "Togo: Selected Issues," IMF Staff Country Reports 2015/310, International Monetary Fund.
    6. Layna Mosley & Victoria Paniagua & Erik Wibbels, 2020. "Moving markets? Government bond investors and microeconomic policy changes," Economics and Politics, Wiley Blackwell, vol. 32(2), pages 197-249, July.
    7. Rui Mano & Marola Castillo, 2015. "The Level of Productivity in Traded and Non-Traded Sectors for a Large Panel of Countries," IMF Working Papers 2015/048, International Monetary Fund.
    8. Ms. Lusine Lusinyan, 2018. "Assessing the Impact of Structural Reforms Through a Supply-side Framework: The Case of Argentina," IMF Working Papers 2018/183, International Monetary Fund.
    9. Ajai Chopra, 2015. "Financing Productivity- and Innovation-Led Growth in Developing Asia: International Lessons and Policy Issues," Working Paper Series WP15-6, Peterson Institute for International Economics.
    10. International Monetary Fund, 2015. "Guinea-Bissau: Selected Issues," IMF Staff Country Reports 2015/195, International Monetary Fund.
    11. World Bank, 2014. "EU11 Regular Economic Report, Issue #29, July 2014 : Strengthening Recovery in Central and Eastern Europe," World Bank Publications - Reports 21040, The World Bank Group.
    12. Terfa W. Abraham, 2018. "Estimating the effects of financial access on poor farmers in rural northern Nigeria," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 4(1), pages 1-20, December.
    13. Mr. Vladimir Klyuev, 2015. "Structural Transformation — How Does Thailand Compare?," IMF Working Papers 2015/051, International Monetary Fund.
    14. World Bank, 2014. "Strengthening Recovery in Central and Eastern Europe : EU11 Regular Economic Report," World Bank Publications - Reports 20072, The World Bank Group.
    15. International Monetary Fund, 2016. "Russian Federation: Selected Issues," IMF Staff Country Reports 2016/230, International Monetary Fund.
    16. International Monetary Fund, 2016. "United Arab Emirates: Selected Issues," IMF Staff Country Reports 2016/266, International Monetary Fund.
    17. Ms. Evridiki Tsounta, 2014. "Slowdown in Emerging Markets: Sign of a Bumpy Road Ahead?," IMF Working Papers 2014/205, International Monetary Fund.

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    More about this item

    Keywords

    SDN; productivity gain; productivity gap; high-productivity sector; maintaining competitiveness; investment productivity; productivity-enhancing reform; Total factor productivity; Productivity; Economic Growth; Structural Reforms; Institutions; Emerging Market and Developing Countries; Agriculture; Industry; Services; productivity growth; Agricultural sector; Capital productivity; Global; Asia and Pacific;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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