Growth Diagnostics for a Resource-Rich Transition Economy : The Case of Mongolia

Vista sencilla de ítem
dc.creatorGooptu, Sudarshan
dc.creatorIanchovichina, Elena
dc.date2012-06-08T15:15:11Z
dc.date2012-06-08T15:15:11Z
dc.date2007-11
dc.date.accessioned2026-07-01T01:14:30Z
dc.descriptionThis paper uses a growth diagnostics approach à la Hausmann, Rodrik, and Velasco (HRV) to identify the most 'binding' constraints to private sector growth in Mongolia - a small, low-income, mineral-rich, transition economy. The approach of applying the HRV methodology is useful in those cases where a lack of data prevents us from estimating shadow prices to identify the most 'binding' constraint to growth. We find that although Mongolia is not liquidity constrained and has grown rapidly in recent years, economic growth has been narrowly based. Investment has flowed mainly into a small number of firms operating in mining and construction. The low level of private investment in sectors outside mining and construction has been due to low returns - a result of costly and unreliable transportation services; lengthy and complex transit procedures, including customs and trade rules; distortionary taxes; coordination failures, at both domestic and international levels; and growing corruption. Poor financial intermediation is also a problem that has kept the cost of finance high, although lower than in previous years. Alleviating these binding constraints will ensure that Mongolia maintains the path towards sustained, broad-based growth.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2007/11/8691107/growth-diagnostics-resource-rich-transition-economy-case-mongolia
dc.identifierhttps://hdl.handle.net/10986/7520
dc.identifierhttps://doi.org/10.1596/1813-9450-4396
dc.identifier.urihttp://hdl.handle.net/123456789/416399
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper; No. 4396
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCESS TO CAPITAL
dc.subjectACCESS TO INFORMATION
dc.subjectACCOUNTING
dc.subjectAGRICULTURE
dc.subjectAIR
dc.subjectAIR POLLUTION
dc.subjectAIR TRANSPORT
dc.subjectALLOCATION OF CREDIT
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK DEPOSIT
dc.subjectBANK LOANS
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY LAWS
dc.subjectBENCHMARKING
dc.subjectBINDING CONSTRAINT
dc.subjectBOND
dc.subjectBOND MARKET
dc.subjectBONDS
dc.subjectBORDER CROSSING
dc.subjectBOTTLENECKS
dc.subjectBUDGET CONSTRAINT
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENT
dc.subjectCAPITAL SHARE
dc.subjectCAPITAL STOCK
dc.subjectCAPITAL STOCKS
dc.subjectCENTRAL BANK
dc.subjectCLAIMANTS
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL REQUIREMENTS
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANK ASSETS
dc.subjectCOMMERCIAL BANK LENDING
dc.subjectCOMMERCIAL BANK LOAN
dc.subjectCOMMERCIAL BANK LOANS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCONFLICT OF INTEREST
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCOORDINATION FAILURE
dc.subjectCOORDINATION FAILURES
dc.subjectCORPORATE GOVERNANCE
dc.subjectCOST OF TRANSPORT
dc.subjectCOUNTRY RISK
dc.subjectCOUPON
dc.subjectCOUPON RATE
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT RISK
dc.subjectCREDIT WORTHINESS
dc.subjectCREDIT WORTHINESS RATINGS
dc.subjectCREDITWORTHINESS
dc.subjectDEBT
dc.subjectDEBT LEVELS
dc.subjectDEBT MATURITY
dc.subjectDEBT RECOVERY
dc.subjectDEPOSIT
dc.subjectDEPOSIT INTEREST
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISPUTE RESOLUTION
dc.subjectDOMESTIC CAPITAL
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC FINANCIAL MARKET
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC THEORY
dc.subjectECONOMIES OF SCALE
dc.subjectELASTICITY
dc.subjectENVIRONMENTAL DEGRADATION
dc.subjectEQUIPMENT
dc.subjectEXCESS LIQUIDITY
dc.subjectEXPENDITURE
dc.subjectEXPORT GROWTH
dc.subjectEXPORT SHARE
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL FINANCE
dc.subjectEXTERNALITIES
dc.subjectEXTERNALITY
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL POLICIES
dc.subjectFLOATING EXCHANGE RATE
dc.subjectFOREIGN COMPETITION
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN FUNDS
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN MARKETS
dc.subjectFREIGHT
dc.subjectFREIGHT MOVEMENT
dc.subjectFUEL
dc.subjectGDP
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL TRADE
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHIGH TRANSPORT
dc.subjectHUMAN CAPITAL
dc.subjectIMMOVABLE ASSETS
dc.subjectINCOME GROUPS
dc.subjectINCOME TAX
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATIONARY PRESSURES
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSPECTION
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINTEREST RATE SPREAD
dc.subjectINTEREST RATE SPREADS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL AIR SERVICES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINTERNATIONAL TRADE
dc.subjectINVENTORY
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT PROJECTS
dc.subjectJUDICIAL SYSTEM
dc.subjectLABOR MARKET
dc.subjectLACK OF TRANSPARENCY
dc.subjectLAND OWNERSHIP
dc.subjectLEGAL FRAMEWORKS
dc.subjectLENDERS
dc.subjectLENDING INTEREST RATES
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY RATIO
dc.subjectLIVING STANDARDS
dc.subjectLOAN
dc.subjectLOAN AGREEMENTS
dc.subjectLOAN MATURITY
dc.subjectLOANS TO INDIVIDUALS
dc.subjectLOCAL FINANCE
dc.subjectLONG-TERM DEBT
dc.subjectMACRO-STABILITY
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC MODELS
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARGINAL UTILITY
dc.subjectMARKET FAILURES
dc.subjectMARKET INFORMATION
dc.subjectMARKET SHARES
dc.subjectMATURITIES
dc.subjectMATURITY STRUCTURE
dc.subjectMICRO FINANCE
dc.subjectMICROECONOMIC ANALYSES
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectMONETARY FUND
dc.subjectMOTOR VEHICLES
dc.subjectNATIONAL SAVINGS
dc.subjectNATURAL DISASTERS
dc.subjectOPEN ECONOMY
dc.subjectPEAK PERIOD
dc.subjectPENSION
dc.subjectPENSION FUNDS
dc.subjectPERSONAL INCOME
dc.subjectPOLICE
dc.subjectPOPULATION GROWTH
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATE DEBT
dc.subjectPRIVATE INVESTMENT
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTIVITY
dc.subjectPROFIT MAXIMIZATION
dc.subjectPROPERTY RIGHTS
dc.subjectPURCHASING POWER
dc.subjectRAIL
dc.subjectRAIL LINK
dc.subjectRAIL TRANSPORT
dc.subjectRATE OF RETURN
dc.subjectRATES OF RETURN
dc.subjectREAL GDP
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATE
dc.subjectREMITTANCE
dc.subjectREMITTANCES
dc.subjectRESERVE
dc.subjectRESERVES
dc.subjectRETAIL TRADING
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK MANAGEMENT
dc.subjectRISK PREMIUM
dc.subjectRISK PREMIUMS
dc.subjectROAD
dc.subjectROUTE
dc.subjectSAFETY
dc.subjectSAFETY NETS
dc.subjectSERVICE RELIABILITY
dc.subjectSHADOW PRICES
dc.subjectSHORT-TERM DEBT
dc.subjectSMALL BUSINESSES
dc.subjectSTOCK MARKET
dc.subjectTAX
dc.subjectTAX CODE
dc.subjectTAX RATE
dc.subjectTAX RATES
dc.subjectTELECOMMUNICATIONS
dc.subjectTRADE SECTOR
dc.subjectTRAFFIC
dc.subjectTRANSIT
dc.subjectTRANSITION ECONOMY
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTRANSPORT COSTS
dc.subjectTRANSPORT FACILITATION
dc.subjectTRANSPORT NETWORK
dc.subjectTRANSPORT SERVICES
dc.subjectTRANSPORTATION
dc.subjectTRANSPORTATION SERVICES
dc.subjectWEALTH
dc.subjectWORKING CAPITAL
dc.titleGrowth Diagnostics for a Resource-Rich Transition Economy : The Case of Mongolia

Archivos

Colecciones

AgroKnow