Long-Term Growth Scenarios for Bangladesh

Long-Term Growth Scenarios for Bangladesh

Bangladesh has achieved robust economic growth over the past 10 years, with real GDP growing by more than 6 percent on average each year. This paper investigates whether the country will be able to maintain such high levels of growth going forward....

Full description

Bibliographic Details
Main Author: Sinha, Rishabh
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2017
Subjects:
GROWTH ANALYTICS
total factor productivity
labor productivity
growth
investment
debt burden
public expenditure
five year plan
Online Access:http://documents.worldbank.org/curated/en/131961485274754618/Long-term-growth-scenarios-for-Bangladesh
http://hdl.handle.net/10986/25965
id okr-10986-25965
recordtype oai_dc
spelling okr-10986-259652021-06-08T14:42:47Z Long-Term Growth Scenarios for Bangladesh Sinha, Rishabh GROWTH ANALYTICS total factor productivity labor productivity growth investment debt burden public expenditure five year plan Bangladesh has achieved robust economic growth over the past 10 years, with real GDP growing by more than 6 percent on average each year. This paper investigates whether the country will be able to maintain such high levels of growth going forward. A simple growth model calibrated to the Bangladesh economy is used to analyze various growth scenarios. The main finding of the paper is that it is crucial for the country to focus on reforms to raise total factor productivity (TFP) growth, to sustain the high real GDP growth seen in the recent past. The country will fail to achieve high growth in absence of strong TFP growth despite meeting the levels of investment as outlined in the Seventh Five Year Plan. The model is also used to gain insights on government debt sustainability given different growth scenarios. The analysis highlights the significance of meeting revenue targets in maintaining sustainability, considering the planned expansion in expenditures. 2017-01-31T15:58:52Z 2017-01-31T15:58:52Z 2017-01 Working Paper http://documents.worldbank.org/curated/en/131961485274754618/Long-term-growth-scenarios-for-Bangladesh http://hdl.handle.net/10986/25965 English en_US Policy Research Working Paper;No. 7952 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper South Asia Bangladesh
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 GROWTH ANALYTICS
total factor productivity
labor productivity
growth
investment
debt burden
public expenditure
five year plan
spellingShingle GROWTH ANALYTICS
total factor productivity
labor productivity
growth
investment
debt burden
public expenditure
five year plan
Sinha, Rishabh
Long-Term Growth Scenarios for Bangladesh
geographic_facet South Asia
Bangladesh
relation Policy Research Working Paper;No. 7952
description Bangladesh has achieved robust economic growth over the past 10 years, with real GDP growing by more than 6 percent on average each year. This paper investigates whether the country will be able to maintain such high levels of growth going forward. A simple growth model calibrated to the Bangladesh economy is used to analyze various growth scenarios. The main finding of the paper is that it is crucial for the country to focus on reforms to raise total factor productivity (TFP) growth, to sustain the high real GDP growth seen in the recent past. The country will fail to achieve high growth in absence of strong TFP growth despite meeting the levels of investment as outlined in the Seventh Five Year Plan. The model is also used to gain insights on government debt sustainability given different growth scenarios. The analysis highlights the significance of meeting revenue targets in maintaining sustainability, considering the planned expansion in expenditures.
format Working Paper
author Sinha, Rishabh
author_facet Sinha, Rishabh
author_sort Sinha, Rishabh
title Long-Term Growth Scenarios for Bangladesh
title_short Long-Term Growth Scenarios for Bangladesh
title_full Long-Term Growth Scenarios for Bangladesh
title_fullStr Long-Term Growth Scenarios for Bangladesh
title_full_unstemmed Long-Term Growth Scenarios for Bangladesh
title_sort long-term growth scenarios for bangladesh
publisher World Bank, Washington, DC
publishDate 2017
url http://documents.worldbank.org/curated/en/131961485274754618/Long-term-growth-scenarios-for-Bangladesh
http://hdl.handle.net/10986/25965
_version_ 1764460603948138496

Similar Items