The Post-Crisis Growth Slowdown in Emerging Economies and the Role of Structural Reforms

dc.creatorQureshi, Zia
dc.creatorDiaz-Sanchez, Jose L.
dc.creatorVaroudakis, Aristomene
dc.date2014-12-03T15:38:59Z
dc.date2014-12-03T15:38:59Z
dc.date2014-11-01
dc.date.accessioned2026-07-01T00:53:46Z
dc.descriptionThis paper constructs indicators of structural bottlenecks arising from barriers to open markets, obstacles to business operations, and constraints to access to finance. Empirical evidence from a sample of 30 emerging economies indicates that barriers to open markets and access to finance are significantly associated with differences in total factor productivity growth in the post-global financial crisis period compared with the pre-crisis period -- with countries with fewer barriers showing stronger recovery and resilience. Barriers to access to finance are also associated with differences in the performance of private investment. Reforms to improve the policy framework in these areas, up to the level of the best-ranking countries, could offset the recently observed growth slowdown in emerging economies. These reforms would revitalize potential growth and mitigate the risks from external shocks associated with the global environment in the transition from the global financial crisis.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2014/11/20377499/post-crisis-growth-slowdown-emerging-economies-role-structural-reforms
dc.identifierhttps://hdl.handle.net/10986/20610
dc.identifierhttps://doi.org/10.1596/1813-9450-7107
dc.identifier.urihttp://hdl.handle.net/123456789/412605
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relationPolicy Research Working Paper;No. 7107
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO FINANCE
dc.subjectACCOUNTING
dc.subjectADVANCED ECONOMIES
dc.subjectADVANCED ECONOMY
dc.subjectAFFILIATED ORGANIZATIONS
dc.subjectAGRICULTURE
dc.subjectBANK POLICY
dc.subjectBANKING SYSTEMS
dc.subjectBUSINESS CLIMATE
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS ENVIRONMENTS
dc.subjectBUSINESS REGULATION
dc.subjectBUSINESS REGULATIONS
dc.subjectCAPITAL MARKETS
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL DISPUTE
dc.subjectCOMPETITION POLICY
dc.subjectCOMPETITIVENESS
dc.subjectCOMPOSITE INDEXES
dc.subjectCORPORATE DEBT
dc.subjectCORPORATE INSIDERS
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT REGISTRIES
dc.subjectCREDITORS
dc.subjectDEBT
dc.subjectDEBT CRISIS
dc.subjectDEBT RECOVERY
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPING ECONOMIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT POLICY
dc.subjectDISCLOSURE
dc.subjectDOMESTIC COMPETITION
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC SURVEYS
dc.subjectECONOMIES OF SCALE
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING ECONOMY
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectENABLING ENVIRONMENT
dc.subjectENTERPRISE PERFORMANCE
dc.subjectENTREPRENEURS
dc.subjectEXPORT MARKETS
dc.subjectEXTERNAL SHOCKS
dc.subjectFACTOR MARKETS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DISTRESS
dc.subjectFINANCIAL SYSTEM
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTMENT
dc.subjectGDP
dc.subjectGLOBAL ECONOMY
dc.subjectGROWTH RATE
dc.subjectINCOME
dc.subjectINCOME LEVELS
dc.subjectINFORMAL ECONOMY
dc.subjectINSTITUTIONAL REFORMS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTMENT CLIMATE
dc.subjectJOB CREATION
dc.subjectLEGAL RIGHTS
dc.subjectLENDERS
dc.subjectLIABILITY
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectMACROECONOMIC POLICY
dc.subjectMARKET DOMINANCE
dc.subjectMARKET ENTRY
dc.subjectMARKET REGULATION
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMIDDLE-INCOME ECONOMIES
dc.subjectMONOPOLY
dc.subjectMULTIPLIER EFFECT
dc.subjectNATIONAL INCOME
dc.subjectNEW BUSINESSES
dc.subjectNEW MARKET
dc.subjectOPEN MARKETS
dc.subjectPOLICY ENVIRONMENT
dc.subjectPOPULATION AGEING
dc.subjectPOST-CRISIS PERIOD
dc.subjectPOST-CRISIS PERIODS
dc.subjectPRIVATE INVESTMENT
dc.subjectPROTECTING INVESTORS
dc.subjectPUBLIC INVESTMENTS
dc.subjectREAL GDP
dc.subjectRECESSION
dc.subjectRED TAPE
dc.subjectREGULATORY REFORM
dc.subjectRENT SEEKING
dc.subjectRETURNS
dc.subjectSAVINGS
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDERS
dc.subjectSOVEREIGN DEBT
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL FACTOR PRODUCTIVITY GROWTH
dc.subjectTRADE BARRIERS
dc.subjectTRADING
dc.subjectTRANSPARENCY
dc.subjectUNEMPLOYMENT
dc.subjectUNION
dc.subjectUSE OF COLLATERAL
dc.subjectVOLATILITY
dc.subjectWORLD ECONOMY
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titleThe Post-Crisis Growth Slowdown in Emerging Economies and the Role of Structural Reforms

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