South East Europe Regular Economic Report No. 5 : First Insights into Promoting Shared Prosperity in South East Europe

Long-term economic growth is the key driver for increasing the economic wellbeing of the population, but the pattern and the incidence of growth also matter. Economic growth narrowly based on certain enclave sectors or benefitting small groups is n...

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Bibliographic Details
Main Author:	World Bank
Format:	Economic Updates and Modeling
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ABSOLUTE POVERTY ACCESS TO SERVICES ASSETS BENCHMARK BINDING CONSTRAINTS BUSINESS ENVIRONMENT COLLATERAL COMMODITIES CONNECTIVITY CONSUMPTION LEVELS COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER CROWDING OUT DATA AVAILABILITY DATA QUALITY DEBT DRIVERS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMICS ELASTICITY ENTREPRENEURSHIP ENVIRONMENTAL SUSTAINABILITY ETHNIC MINORITIES FINANCIAL ASSETS FINANCIAL INSTITUTION FINANCIAL MANAGEMENT FISCAL POLICIES FISCAL POLICY GDP GLOBAL POVERTY GROWTH POTENTIAL GROWTH RATE GROWTH RATES HARMONIZATION HEALTH SERVICES HIGH UNEMPLOYMENT HIGH UNEMPLOYMENT RATES HOURLY WAGES HOUSEHOLD BUDGET HOUSEHOLD HEAD HOUSEHOLD INCOME HOUSEHOLD SURVEY HOUSEHOLD SURVEYS HOUSING HUMAN CAPITAL HUMAN CAPITAL ASSETS HUMAN CAPITAL ENDOWMENTS HUMAN DEVELOPMENT IMPACT OF SHOCKS INCOME INCOME DISTRIBUTION INCOME GROWTH INCOME LEVELS INCOME TAX INCOMES INCREASING RETURNS INEQUALITY INSTITUTIONAL CAPACITY INTEREST RATES JOB CREATION LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKET NEEDS LABOR MARKETS LAND MANAGEMENT LAND OWNERSHIP LAND PRICES LIVING STANDARDS MACROECONOMIC LEVEL MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY NET ASSETS NET LOSSES OLDER WORKERS OPPORTUNITY COST PENSION PENSIONS POOR POVERTY LINE POVERTY REDUCTION PRIVACY PRIVATE TRANSFERS PRIVATIZATION PRODUCTIVITY PROPERTY RIGHTS REGRESSION ANALYSIS RISK MANAGEMENT RURAL RURAL AREA RURAL AREAS RURAL HOUSEHOLDS RURAL LABOR SAFETY SAFETY NETS SAVINGS SMALL BUSINESSES SOCIAL ASSISTANCE SOCIAL CAPITAL SOCIAL POLICIES SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL SAFETY NETS SOCIAL SECURITY SUBSIDIARY TARGETING TAX TAX COLLECTION TAX RATE TAX RATES TAX STRUCTURE TAXATION TRADE UNIONS TRANSPORT UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT BENEFITS UNEMPLOYMENT RATES VOLATILITY WAGES WORLD DEVELOPMENT INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/2014/04/19374011/special-topic-first-insights-promoting-shared-prosperity-south-east-europe http://hdl.handle.net/10986/17786

Description
Summary:	Long-term economic growth is the key driver for increasing the economic wellbeing of the population, but the pattern and the incidence of growth also matter. Economic growth narrowly based on certain enclave sectors or benefitting small groups is neither socially stable nor sustainable. Along these lines, the World Bank recently revised its institutional strategy, establishing two goals, namely: (i) ending extreme global poverty, the traditional goal of the institution, by reducing the percentage of people living on less than $1.25 a day globally to 3 percent by 2030, and (ii) promoting shared prosperity by fostering income growth of the bottom 40 percent of the population. Furthermore, as an overarching condition, the World Bank aims to achieve those goals in a way that is environmentally, economically and socially sustainable to ensure that welfare of the population is not increased at the expense of future generations or specific groups in society. This paper presents first insights into shared prosperity in SEE6 countries. First, it looks at the incidence of growth in SEE6 in the context of the Europe and Central Asia region to determine whether economic growth knowledge gaps are discussed in the paper. The analysis is limited by the availability of micro-data and thus covers different periods by country, depending on each one's most recent data available. Unless otherwise noted, periods refer to: Albania (2008-2012), Bosnia and Herzegovina (2007), Kosovo (2006-2011), FYR Macedonia (2003-2008), Montenegro (2006-2011) and Serbia (2007-2010).

South East Europe Regular Economic Report No. 5 : First Insights into Promoting Shared Prosperity in South East Europe

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