Ethiopia’s Great Transition : The Next Mile - A Country Economic Memorandum
Ethiopia’s rapid growth over the past two decades has resulted in a surge in income per capita levels, with the country approaching fast the middle-income milestone. Over the past decade, fast growth was driven by capital accumulation, but the exte...
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| Format: | Report |
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Washington, DC : World Bank
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099050106172235987/P175102008a8ca0740998f0df2c7ae1e423 http://hdl.handle.net/10986/37681 |
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okr-10986-376812022-07-13T05:10:44Z Ethiopia’s Great Transition : The Next Mile - A Country Economic Memorandum World Bank ECONOMIC GROWTH LABOR MOBILITY RURAL AREAS URBAN AREAS OFF-FARM MIGRATION MANUFACTURING EXPORT DIVERSIFICATION GLOBAL VALUE CHAIN FOOD PRICES NATURAL CAPITAL Ethiopia’s rapid growth over the past two decades has resulted in a surge in income per capita levels, with the country approaching fast the middle-income milestone. Over the past decade, fast growth was driven by capital accumulation, but the extent to which this growth has been equally distributed is unclear. Public infrastructure spending accelerated dramatically in the first half of the 2010s, helping underpin fast economic growth. However, this approach seems to have had important shortcomings. Contrary to the findings of World Bank (2015) which examined an earlier period, total factor productivity (TFP) declined during 2011-2020, contributing negatively to growth. In addition, inequality at the household level increased between 2011 and 2016. Finally, macroeconomic imbalances have widened, a trend exacerbated by recent shocks. This report discusses the drivers of growth in Ethiopia and, in the absence of official subnational gross domestic product (GDP) figures, examines whether there has been convergence in economic activity at the subnational level. 2022-07-11T19:56:17Z 2022-07-11T19:56:17Z 2022-06-17 Report http://documents.worldbank.org/curated/en/099050106172235987/P175102008a8ca0740998f0df2c7ae1e423 http://hdl.handle.net/10986/37681 English en_US Ethiopia Country Economic Memorandum; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC : World Bank Economic & Sector Work Economic & Sector Work :: Country Economic Memorandum Africa Eastern and Southern (AFE) Africa Ethiopia |
| 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 |
ECONOMIC GROWTH LABOR MOBILITY RURAL AREAS URBAN AREAS OFF-FARM MIGRATION MANUFACTURING EXPORT DIVERSIFICATION GLOBAL VALUE CHAIN FOOD PRICES NATURAL CAPITAL |
| spellingShingle |
ECONOMIC GROWTH LABOR MOBILITY RURAL AREAS URBAN AREAS OFF-FARM MIGRATION MANUFACTURING EXPORT DIVERSIFICATION GLOBAL VALUE CHAIN FOOD PRICES NATURAL CAPITAL World Bank Ethiopia’s Great Transition : The Next Mile - A Country Economic Memorandum |
| geographic_facet |
Africa Eastern and Southern (AFE) Africa Ethiopia |
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Ethiopia Country Economic Memorandum; |
| description |
Ethiopia’s rapid growth over the past
two decades has resulted in a surge in income per capita
levels, with the country approaching fast the middle-income
milestone. Over the past decade, fast growth was driven by
capital accumulation, but the extent to which this growth
has been equally distributed is unclear. Public
infrastructure spending accelerated dramatically in the
first half of the 2010s, helping underpin fast economic
growth. However, this approach seems to have had important
shortcomings. Contrary to the findings of World Bank (2015)
which examined an earlier period, total factor productivity
(TFP) declined during 2011-2020, contributing negatively to
growth. In addition, inequality at the household level
increased between 2011 and 2016. Finally, macroeconomic
imbalances have widened, a trend exacerbated by recent
shocks. This report discusses the drivers of growth in
Ethiopia and, in the absence of official subnational gross
domestic product (GDP) figures, examines whether there has
been convergence in economic activity at the subnational level. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Ethiopia’s Great Transition : The Next Mile - A Country Economic Memorandum |
| title_short |
Ethiopia’s Great Transition : The Next Mile - A Country Economic Memorandum |
| title_full |
Ethiopia’s Great Transition : The Next Mile - A Country Economic Memorandum |
| title_fullStr |
Ethiopia’s Great Transition : The Next Mile - A Country Economic Memorandum |
| title_full_unstemmed |
Ethiopia’s Great Transition : The Next Mile - A Country Economic Memorandum |
| title_sort |
ethiopia’s great transition : the next mile - a country economic memorandum |
| publisher |
Washington, DC : World Bank |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/en/099050106172235987/P175102008a8ca0740998f0df2c7ae1e423 http://hdl.handle.net/10986/37681 |
| _version_ |
1764487656245297152 |