000 02471cam a22003974a 4500
001 7107
003 The World Bank
006 m d
007 cr cn|||||||||
008 020129s2014 dcu i001 0 eng
024 8 _a10.1596/1813-9450-7107
035 _a(The World Bank)7107
100 1 _aQureshi, Zia
245 1 4 _aThe Post-Crisis Growth Slowdown in Emerging Economies and the Role of Structural Reforms
_h[electronic resource] /
_cQureshi, Zia
260 _aWashington, D.C.,
_bThe World Bank,
_c2014
300 _a1 online resource (25 p.)
520 3 _aThis paper constructs indicators of structural bottlenecks arising from barriers to open markets, obstacles to business operations, and constraints to access to finance. Empirical evidence from a sample of 30 emerging economies indicates that barriers to open markets and access to finance are significantly associated with differences in total factor productivity growth in the post-global financial crisis period compared with the pre-crisis period-with countries with fewer barriers showing stronger recovery and resilience. Barriers to access to finance are also associated with differences in the performance of private investment. Reforms to improve the policy framework in these areas, up to the level of the best-ranking countries, could offset the recently observed growth slowdown in emerging economies. These reforms would revitalize potential growth and mitigate the risks from external shocks associated with the global environment in the transition from the global financial crisis.
650 4 _aAccess to Finance
650 4 _aDebt Markets
650 4 _aEconomic Theory & Research
650 4 _aEmerging Economies
650 4 _aEmerging Markets
650 4 _aFinance and Financial Sector Development
650 4 _aInvestment and Investment Climate
650 4 _aInvestment Climate
650 4 _aMacroeconomics and Economic Growth
650 4 _aPrivate Sector Development
650 4 _aStructural Reform Indicators
650 4 _aTfp Growth
700 1 _aDiaz-Sanchez, Jose L.
700 1 _aQureshi, Zia
700 1 _aVaroudakis, Aristomene
776 1 8 _aPrint version:
_iQureshi, Zia
_tThe Post-Crisis Growth Slowdown in Emerging Economies and the Role of Structural Reforms.
_dWashington, D.C. : The World Bank, 2014
830 0 _aPolicy research working papers.
830 0 _aWorld Bank e-Library.
856 4 0 _uhttp://elibrary.worldbank.org/doi/book/10.1596/1813-9450-7107
999 _c27307
_d27307