Unleashing Central America’s Growth Potential : Panama

Panama’s growth model is at crossroads and the country must be prepared for the new growth model. The objective of this study is to investigate the drivers and constraints of growth and productivity in Panama and explore areas with high growth pote...

Full description

Bibliographic Details
Main Authors: Ulku, Hulya, Zaourak, Gabriel
Format: Report
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
Online Access:http://documents.worldbank.org/curated/en/102321628230186522/Panama-Unleashing-Central-America-s-Growth-Potential
http://hdl.handle.net/10986/36129
id okr-10986-36129
recordtype oai_dc
spelling okr-10986-361292021-08-17T05:11:00Z Unleashing Central America’s Growth Potential : Panama Ulku, Hulya Zaourak, Gabriel MACROECONOMIC MANAGEMENT ECONOMIC GROWTH GROWTH DRIVERS TOTAL FACTOR PRODUCTIVITY STRUCTURAL TRANSFORMATION LABOR PRODUCTIVITY INNOVATION CORRUPTION ACCESS TO FINANCE EXPORT DIVERSIFICATION SERVICES TRADE Panama’s growth model is at crossroads and the country must be prepared for the new growth model. The objective of this study is to investigate the drivers and constraints of growth and productivity in Panama and explore areas with high growth potential. The value added of the study is to provide an in-depth analysis of the drivers and constraints of Panama’s growth using a wide range of analytical tools. The analysis employs several quantitative methods to provide an objective assessment of the drivers and constraints of growth in Panama, including the long-term growth model (LTGM), computable general equilibrium model (CGE), growth diagnostics and product space analyses. The novelty of this study is to employ the same framework, analytical tools, and data to conduct a parallel analysis for each Central American country to allow for a meaningful cross-country comparison. Therefore, given the wide breadth of the study, in terms of the methodologies used, themes analyzed, and countries covered, it does not envisage to deep dive into each driver and constraint of growth and provide granular policy recommendations. The core objective of this study is to inform the policy makers and other interested parties about the country’s strengths and weaknesses for its growth, and to establish the analytical basis for a subsequent investigation of specific areas. 2021-08-16T18:34:43Z 2021-08-16T18:34:43Z 2021-08-06 Report http://documents.worldbank.org/curated/en/102321628230186522/Panama-Unleashing-Central-America-s-Growth-Potential http://hdl.handle.net/10986/36129 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: General Economy, Macroeconomics and Growth Study Latin America & Caribbean Panama
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic MACROECONOMIC MANAGEMENT
ECONOMIC GROWTH
GROWTH DRIVERS
TOTAL FACTOR PRODUCTIVITY
STRUCTURAL TRANSFORMATION
LABOR PRODUCTIVITY
INNOVATION
CORRUPTION
ACCESS TO FINANCE
EXPORT DIVERSIFICATION
SERVICES TRADE
spellingShingle MACROECONOMIC MANAGEMENT
ECONOMIC GROWTH
GROWTH DRIVERS
TOTAL FACTOR PRODUCTIVITY
STRUCTURAL TRANSFORMATION
LABOR PRODUCTIVITY
INNOVATION
CORRUPTION
ACCESS TO FINANCE
EXPORT DIVERSIFICATION
SERVICES TRADE
Ulku, Hulya
Zaourak, Gabriel
Unleashing Central America’s Growth Potential : Panama
geographic_facet Latin America & Caribbean
Panama
description Panama’s growth model is at crossroads and the country must be prepared for the new growth model. The objective of this study is to investigate the drivers and constraints of growth and productivity in Panama and explore areas with high growth potential. The value added of the study is to provide an in-depth analysis of the drivers and constraints of Panama’s growth using a wide range of analytical tools. The analysis employs several quantitative methods to provide an objective assessment of the drivers and constraints of growth in Panama, including the long-term growth model (LTGM), computable general equilibrium model (CGE), growth diagnostics and product space analyses. The novelty of this study is to employ the same framework, analytical tools, and data to conduct a parallel analysis for each Central American country to allow for a meaningful cross-country comparison. Therefore, given the wide breadth of the study, in terms of the methodologies used, themes analyzed, and countries covered, it does not envisage to deep dive into each driver and constraint of growth and provide granular policy recommendations. The core objective of this study is to inform the policy makers and other interested parties about the country’s strengths and weaknesses for its growth, and to establish the analytical basis for a subsequent investigation of specific areas.
format Report
author Ulku, Hulya
Zaourak, Gabriel
author_facet Ulku, Hulya
Zaourak, Gabriel
author_sort Ulku, Hulya
title Unleashing Central America’s Growth Potential : Panama
title_short Unleashing Central America’s Growth Potential : Panama
title_full Unleashing Central America’s Growth Potential : Panama
title_fullStr Unleashing Central America’s Growth Potential : Panama
title_full_unstemmed Unleashing Central America’s Growth Potential : Panama
title_sort unleashing central america’s growth potential : panama
publisher World Bank, Washington, DC
publishDate 2021
url http://documents.worldbank.org/curated/en/102321628230186522/Panama-Unleashing-Central-America-s-Growth-Potential
http://hdl.handle.net/10986/36129
_version_ 1764484526996717568