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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| Format: | Economic Updates and Modeling |
| Language: | English en_US |
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Washington, DC
2014
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| 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 |
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okr-10986-177862021-04-23T14:03:41Z South East Europe Regular Economic Report No. 5 : First Insights into Promoting Shared Prosperity in South East Europe World Bank 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 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). 2014-04-15T18:09:46Z 2014-04-15T18:09:46Z 2014-04 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 English en_US South East Europe regular economic report;no. 5 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Economic & Sector Work :: Economic Updates and Modeling Europe and Central Asia Eastern Europe |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
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 |
| spellingShingle |
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 World Bank South East Europe Regular Economic Report No. 5 : First Insights into Promoting Shared Prosperity in South East Europe |
| geographic_facet |
Europe and Central Asia Eastern Europe |
| relation |
South East Europe regular economic report;no. 5 |
| description |
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). |
| format |
Economic & Sector Work :: Economic Updates and Modeling |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
South East Europe Regular Economic Report No. 5 : First Insights into Promoting Shared Prosperity in South East Europe |
| title_short |
South East Europe Regular Economic Report No. 5 : First Insights into Promoting Shared Prosperity in South East Europe |
| title_full |
South East Europe Regular Economic Report No. 5 : First Insights into Promoting Shared Prosperity in South East Europe |
| title_fullStr |
South East Europe Regular Economic Report No. 5 : First Insights into Promoting Shared Prosperity in South East Europe |
| title_full_unstemmed |
South East Europe Regular Economic Report No. 5 : First Insights into Promoting Shared Prosperity in South East Europe |
| title_sort |
south east europe regular economic report no. 5 : first insights into promoting shared prosperity in south east europe |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
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 |
| _version_ |
1764438508058968064 |