Subdued Potential Growth : Sources and Remedies
Global potential output growth has been flagging. At 2.5 percent in 2013-17, post-crisis potential growth is 0.5 percentage point below its longer-term average and 0.9 percentage point below its average a decade ago. Compared with a decade ago, pot...
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/976181583843503040/Subdued-Potential-Growth-Sources-and-Remedies http://hdl.handle.net/10986/33426 |
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okr-10986-334262022-09-20T00:13:49Z Subdued Potential Growth : Sources and Remedies Kilic Celik, Sinem Kose, M. Ayhan Ohnsorge, Franziska ECONOMIC GROWTH POTENTIAL OUTPUT EMERGING MARKET ECONOMIES DEVELOPING COUNTRIES GROWTH POTENTIAL PRODUCTIVITY GROWTH FEMALE LABOR FORCE PARTICIPATION HUMAN CAPITAL Global potential output growth has been flagging. At 2.5 percent in 2013-17, post-crisis potential growth is 0.5 percentage point below its longer-term average and 0.9 percentage point below its average a decade ago. Compared with a decade ago, potential growth has declined 0.8 percentage point in advanced economies and 1.1 percentage point in emerging market and developing economies. The slowdown mainly reflected weaker capital accumulation but is also evidence of decelerating productivity growth and demographic trends that dampen labor supply growth. Unless countered, these forces are expected to continue and to depress global potential growth further by 0.2 percentage point over the next decade. A menu of policy options is available to help reverse this trend, including comprehensive policy initiatives to lift physical and human capital and to encourage labor force participation by women and older workers. 2020-03-12T15:41:43Z 2020-03-12T15:41:43Z 2020-03 Working Paper http://documents.worldbank.org/curated/en/976181583843503040/Subdued-Potential-Growth-Sources-and-Remedies http://hdl.handle.net/10986/33426 English Policy Research Working Paper;No. 9177 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 |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ECONOMIC GROWTH POTENTIAL OUTPUT EMERGING MARKET ECONOMIES DEVELOPING COUNTRIES GROWTH POTENTIAL PRODUCTIVITY GROWTH FEMALE LABOR FORCE PARTICIPATION HUMAN CAPITAL |
| spellingShingle |
ECONOMIC GROWTH POTENTIAL OUTPUT EMERGING MARKET ECONOMIES DEVELOPING COUNTRIES GROWTH POTENTIAL PRODUCTIVITY GROWTH FEMALE LABOR FORCE PARTICIPATION HUMAN CAPITAL Kilic Celik, Sinem Kose, M. Ayhan Ohnsorge, Franziska Subdued Potential Growth : Sources and Remedies |
| relation |
Policy Research Working Paper;No. 9177 |
| description |
Global potential output growth has been
flagging. At 2.5 percent in 2013-17, post-crisis potential
growth is 0.5 percentage point below its longer-term average
and 0.9 percentage point below its average a decade ago.
Compared with a decade ago, potential growth has declined
0.8 percentage point in advanced economies and 1.1
percentage point in emerging market and developing
economies. The slowdown mainly reflected weaker capital
accumulation but is also evidence of decelerating
productivity growth and demographic trends that dampen labor
supply growth. Unless countered, these forces are expected
to continue and to depress global potential growth further
by 0.2 percentage point over the next decade. A menu of
policy options is available to help reverse this trend,
including comprehensive policy initiatives to lift physical
and human capital and to encourage labor force participation
by women and older workers. |
| format |
Working Paper |
| author |
Kilic Celik, Sinem Kose, M. Ayhan Ohnsorge, Franziska |
| author_facet |
Kilic Celik, Sinem Kose, M. Ayhan Ohnsorge, Franziska |
| author_sort |
Kilic Celik, Sinem |
| title |
Subdued Potential Growth : Sources and Remedies |
| title_short |
Subdued Potential Growth : Sources and Remedies |
| title_full |
Subdued Potential Growth : Sources and Remedies |
| title_fullStr |
Subdued Potential Growth : Sources and Remedies |
| title_full_unstemmed |
Subdued Potential Growth : Sources and Remedies |
| title_sort |
subdued potential growth : sources and remedies |
| publisher |
World Bank, Washington, DC |
| publishDate |
2020 |
| url |
http://documents.worldbank.org/curated/en/976181583843503040/Subdued-Potential-Growth-Sources-and-Remedies http://hdl.handle.net/10986/33426 |
| _version_ |
1764478736447569920 |