Resilient Growth, Persisting Inequality : Identifying Potential Factors Limiting Shared Prosperity in the Dominican Republic

The Dominican Republic (DR) has recorded exceptional growth over the past twenty years and has closed the gap with the Latin America and Caribbean (LAC) region. While in the early 1990s the DRs per capita income was only about 57 percent that in LA...

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Main Authors:	Galrão Carneiro, Francisco, Iwulska, Aleksandra, Reyes, José-Daniel, Sánchez-Martín, Miguel Eduardo
Format:	Publications & Research
Language:	English en_US
Published:	World Bank Group, Washington, DC 2015
Subjects:	ACCOUNTABILITY ACCOUNTING AGRICULTURE BAILOUT BANK POLICY BANKING CRISIS BARGAINING CAPACITY BUILDING CAPITAL STOCK CASH TRANSFER CENTRAL BANK COLLECTIVE ACTION COMPETITIVENESS DEBT DEBT SERVICE DEBT STOCK DEVELOPMENT AGENCY DEVELOPMENT BANK DEVELOPMENT INDICATORS ECONOMIC GROWTH ECONOMIC OPPORTUNITIES ECONOMIC PERFORMANCE ECONOMIES OF SCALE EDUCATION LEVEL EMPLOYMENT GROWTH EQUIPMENT EXCESS SUPPLY EXPENDITURE EXPENDITURES EXPORTERS EXPORTS FINANCIAL CRISIS FINANCIAL SERVICES GDP GINI INDEX GLOBAL ECONOMY GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HIGH EMPLOYMENT HIGH GROWTH HUMAN CAPITAL INCOME GROWTH INSURANCE INTERNATIONAL DEVELOPMENT JOB CREATION LABOR FORCE LABOR MARKET LABOR UNIONS LEVY LONG RUN LONG-TERM GROWTH LOW LEVEL EQUILIBRIUM MINIMUM WAGES OPEN UNEMPLOYMENT OPPORTUNITY COST PER CAPITA INCOME POLICY RESEARCH POLITICAL ECONOMY POSITIVE EXTERNALITIES POVERTY LINE POVERTY RATE POVERTY RATES POVERTY REDUCTION PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC FINANCES PUBLIC POLICIES PUBLIC SECTOR PUBLIC SECTOR DEBT PUBLIC SERVICE PUBLIC SERVICES PUBLIC SPENDING RAPID GROWTH REAL EXCHANGE RATES REAL WAGES RECAPITALIZATION REDISTRIBUTIVE POLICIES RELATIVE IMPORTANCE RETURN SAFETY SAFETY NETS SMALL BUSINESS SOCIAL CAPITAL SOCIAL SECURITY SOCIAL SPENDING SUBSIDIARIES SUPPLIERS TAX TAX COLLECTION TAX REVENUES TAXATION TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TRADE COMPETITIVENESS TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNSKILLED JOBS UNSKILLED LABOR VALUE ADDED WAGES WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2015/01/23927245/null http://hdl.handle.net/10986/21499

id	okr-10986-21499
recordtype	oai_dc
spelling	okr-10986-214992021-04-23T14:04:02Z Resilient Growth, Persisting Inequality : Identifying Potential Factors Limiting Shared Prosperity in the Dominican Republic Galrão Carneiro, Francisco Iwulska, Aleksandra Reyes, José-Daniel Sánchez-Martín, Miguel Eduardo ACCOUNTABILITY ACCOUNTING AGRICULTURE BAILOUT BANK POLICY BANKING CRISIS BARGAINING CAPACITY BUILDING CAPITAL STOCK CASH TRANSFER CENTRAL BANK COLLECTIVE ACTION COMPETITIVENESS DEBT DEBT SERVICE DEBT STOCK DEVELOPMENT AGENCY DEVELOPMENT BANK DEVELOPMENT INDICATORS ECONOMIC GROWTH ECONOMIC OPPORTUNITIES ECONOMIC PERFORMANCE ECONOMIES OF SCALE EDUCATION LEVEL EMPLOYMENT GROWTH EQUIPMENT EXCESS SUPPLY EXPENDITURE EXPENDITURES EXPORTERS EXPORTS FINANCIAL CRISIS FINANCIAL SERVICES GDP GINI INDEX GLOBAL ECONOMY GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HIGH EMPLOYMENT HIGH GROWTH HUMAN CAPITAL INCOME GROWTH INSURANCE INTERNATIONAL DEVELOPMENT JOB CREATION LABOR FORCE LABOR MARKET LABOR UNIONS LEVY LONG RUN LONG-TERM GROWTH LOW LEVEL EQUILIBRIUM MINIMUM WAGES OPEN UNEMPLOYMENT OPPORTUNITY COST PER CAPITA INCOME POLICY RESEARCH POLITICAL ECONOMY POSITIVE EXTERNALITIES POVERTY LINE POVERTY RATE POVERTY RATES POVERTY REDUCTION PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC FINANCES PUBLIC POLICIES PUBLIC SECTOR PUBLIC SECTOR DEBT PUBLIC SERVICE PUBLIC SERVICES PUBLIC SPENDING RAPID GROWTH REAL EXCHANGE RATES REAL WAGES RECAPITALIZATION REDISTRIBUTIVE POLICIES RELATIVE IMPORTANCE RETURN SAFETY SAFETY NETS SMALL BUSINESS SOCIAL CAPITAL SOCIAL SECURITY SOCIAL SPENDING SUBSIDIARIES SUPPLIERS TAX TAX COLLECTION TAX REVENUES TAXATION TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TRADE COMPETITIVENESS TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNSKILLED JOBS UNSKILLED LABOR VALUE ADDED WAGES WEALTH The Dominican Republic (DR) has recorded exceptional growth over the past twenty years and has closed the gap with the Latin America and Caribbean (LAC) region. While in the early 1990s the DRs per capita income was only about 57 percent that in LAC, it has climbed to around 90 percent nowadays. However, the countrys ability to reduce poverty and improving equity has been less stellar. This note presents some stylized facts of the DR economy that might help understand this phenomenon. In doing so, the note addresses the following three questions: (i) Has growth been inclusive in the DR?; (ii) Why has the DR economy grown so rapidly?; and (iii) Why has growth not led to further improvements in equity? This note tentatively argues that some potential factors explaining the latter are the decline in real wages despite increasing productivity, special economic zones that are relatively isolated from the rest of the economy, and the States limited capacity for fiscal redistribution. 2015-02-25T21:21:24Z 2015-02-25T21:21:24Z 2015-01 http://documents.worldbank.org/curated/en/2015/01/23927245/null http://hdl.handle.net/10986/21499 English en_US Caribbean knowledge series; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Group, Washington, DC Publications & Research Publications & Research :: Brief Latin America & Caribbean Dominican Republic
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	ACCOUNTABILITY ACCOUNTING AGRICULTURE BAILOUT BANK POLICY BANKING CRISIS BARGAINING CAPACITY BUILDING CAPITAL STOCK CASH TRANSFER CENTRAL BANK COLLECTIVE ACTION COMPETITIVENESS DEBT DEBT SERVICE DEBT STOCK DEVELOPMENT AGENCY DEVELOPMENT BANK DEVELOPMENT INDICATORS ECONOMIC GROWTH ECONOMIC OPPORTUNITIES ECONOMIC PERFORMANCE ECONOMIES OF SCALE EDUCATION LEVEL EMPLOYMENT GROWTH EQUIPMENT EXCESS SUPPLY EXPENDITURE EXPENDITURES EXPORTERS EXPORTS FINANCIAL CRISIS FINANCIAL SERVICES GDP GINI INDEX GLOBAL ECONOMY GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HIGH EMPLOYMENT HIGH GROWTH HUMAN CAPITAL INCOME GROWTH INSURANCE INTERNATIONAL DEVELOPMENT JOB CREATION LABOR FORCE LABOR MARKET LABOR UNIONS LEVY LONG RUN LONG-TERM GROWTH LOW LEVEL EQUILIBRIUM MINIMUM WAGES OPEN UNEMPLOYMENT OPPORTUNITY COST PER CAPITA INCOME POLICY RESEARCH POLITICAL ECONOMY POSITIVE EXTERNALITIES POVERTY LINE POVERTY RATE POVERTY RATES POVERTY REDUCTION PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC FINANCES PUBLIC POLICIES PUBLIC SECTOR PUBLIC SECTOR DEBT PUBLIC SERVICE PUBLIC SERVICES PUBLIC SPENDING RAPID GROWTH REAL EXCHANGE RATES REAL WAGES RECAPITALIZATION REDISTRIBUTIVE POLICIES RELATIVE IMPORTANCE RETURN SAFETY SAFETY NETS SMALL BUSINESS SOCIAL CAPITAL SOCIAL SECURITY SOCIAL SPENDING SUBSIDIARIES SUPPLIERS TAX TAX COLLECTION TAX REVENUES TAXATION TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TRADE COMPETITIVENESS TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNSKILLED JOBS UNSKILLED LABOR VALUE ADDED WAGES WEALTH
spellingShingle	ACCOUNTABILITY ACCOUNTING AGRICULTURE BAILOUT BANK POLICY BANKING CRISIS BARGAINING CAPACITY BUILDING CAPITAL STOCK CASH TRANSFER CENTRAL BANK COLLECTIVE ACTION COMPETITIVENESS DEBT DEBT SERVICE DEBT STOCK DEVELOPMENT AGENCY DEVELOPMENT BANK DEVELOPMENT INDICATORS ECONOMIC GROWTH ECONOMIC OPPORTUNITIES ECONOMIC PERFORMANCE ECONOMIES OF SCALE EDUCATION LEVEL EMPLOYMENT GROWTH EQUIPMENT EXCESS SUPPLY EXPENDITURE EXPENDITURES EXPORTERS EXPORTS FINANCIAL CRISIS FINANCIAL SERVICES GDP GINI INDEX GLOBAL ECONOMY GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HIGH EMPLOYMENT HIGH GROWTH HUMAN CAPITAL INCOME GROWTH INSURANCE INTERNATIONAL DEVELOPMENT JOB CREATION LABOR FORCE LABOR MARKET LABOR UNIONS LEVY LONG RUN LONG-TERM GROWTH LOW LEVEL EQUILIBRIUM MINIMUM WAGES OPEN UNEMPLOYMENT OPPORTUNITY COST PER CAPITA INCOME POLICY RESEARCH POLITICAL ECONOMY POSITIVE EXTERNALITIES POVERTY LINE POVERTY RATE POVERTY RATES POVERTY REDUCTION PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC FINANCES PUBLIC POLICIES PUBLIC SECTOR PUBLIC SECTOR DEBT PUBLIC SERVICE PUBLIC SERVICES PUBLIC SPENDING RAPID GROWTH REAL EXCHANGE RATES REAL WAGES RECAPITALIZATION REDISTRIBUTIVE POLICIES RELATIVE IMPORTANCE RETURN SAFETY SAFETY NETS SMALL BUSINESS SOCIAL CAPITAL SOCIAL SECURITY SOCIAL SPENDING SUBSIDIARIES SUPPLIERS TAX TAX COLLECTION TAX REVENUES TAXATION TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TRADE COMPETITIVENESS TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNSKILLED JOBS UNSKILLED LABOR VALUE ADDED WAGES WEALTH Galrão Carneiro, Francisco Iwulska, Aleksandra Reyes, José-Daniel Sánchez-Martín, Miguel Eduardo Resilient Growth, Persisting Inequality : Identifying Potential Factors Limiting Shared Prosperity in the Dominican Republic
geographic_facet	Latin America & Caribbean Dominican Republic
relation	Caribbean knowledge series;
description	The Dominican Republic (DR) has recorded exceptional growth over the past twenty years and has closed the gap with the Latin America and Caribbean (LAC) region. While in the early 1990s the DRs per capita income was only about 57 percent that in LAC, it has climbed to around 90 percent nowadays. However, the countrys ability to reduce poverty and improving equity has been less stellar. This note presents some stylized facts of the DR economy that might help understand this phenomenon. In doing so, the note addresses the following three questions: (i) Has growth been inclusive in the DR?; (ii) Why has the DR economy grown so rapidly?; and (iii) Why has growth not led to further improvements in equity? This note tentatively argues that some potential factors explaining the latter are the decline in real wages despite increasing productivity, special economic zones that are relatively isolated from the rest of the economy, and the States limited capacity for fiscal redistribution.
format	Publications & Research
author	Galrão Carneiro, Francisco Iwulska, Aleksandra Reyes, José-Daniel Sánchez-Martín, Miguel Eduardo
author_facet	Galrão Carneiro, Francisco Iwulska, Aleksandra Reyes, José-Daniel Sánchez-Martín, Miguel Eduardo
author_sort	Galrão Carneiro, Francisco
title	Resilient Growth, Persisting Inequality : Identifying Potential Factors Limiting Shared Prosperity in the Dominican Republic
title_short	Resilient Growth, Persisting Inequality : Identifying Potential Factors Limiting Shared Prosperity in the Dominican Republic
title_full	Resilient Growth, Persisting Inequality : Identifying Potential Factors Limiting Shared Prosperity in the Dominican Republic
title_fullStr	Resilient Growth, Persisting Inequality : Identifying Potential Factors Limiting Shared Prosperity in the Dominican Republic
title_full_unstemmed	Resilient Growth, Persisting Inequality : Identifying Potential Factors Limiting Shared Prosperity in the Dominican Republic
title_sort	resilient growth, persisting inequality : identifying potential factors limiting shared prosperity in the dominican republic
publisher	World Bank Group, Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/01/23927245/null http://hdl.handle.net/10986/21499
_version_	1764448426156621824

Resilient Growth, Persisting Inequality : Identifying Potential Factors Limiting Shared Prosperity in the Dominican Republic

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