Growth Analytics

PRMED pilots country growth studies and works in collaboration with Country Economists to incorporate growth strategies in Country Assistance Strategies (CASs), Country Economic Memorandums (CEMs), and lending products. PRMED also develops tools, and adapts state-of-the-art methodologies for growth analysis.
Inclusive Growth:What is the Inclusive Growth program about? There is widespread agreement that economic growth is a necessary and crucial condition for poverty reduction, as well as evidence that the pattern of growth—how growth is generated and distributed—is critical for accelerating poverty reduction. Inclusive growth is growth in which economic actors from all parts of the income distribution increase their well-being by contributing and benefitting from the growth process. While there is broad agreement on the basic policies that are important for growth and inclusive growth, the need for strong country specific diagnostics has been underscored as critical for prioritizing and shaping these policies to fit country needs.
Country Growth Analyses: PRMED applies a variety of innovative frameworks for growth analysis to identify bottlenecks to growth and inclusive growth. It also offers tools for growth analysis including:
Long-run growth forecasting and accounting toolkit
Growth and export processing arrangements toolkit for assessing the economy-wide implications of duty drawback reform.
Growth in Emerging Markets: Economic growth of China and India has been accompanied by rapid growth in world trade and increase in commodity prices. PRMED – in partnership with the Development Economics Vice Presidency (DEC) – has initiated a project analyzing the implications of these economies’ rise for other developing countries.
Economic Diversification and Sustainable Growth: This project studies how countries can explore options for structural transformation by diversifying their exports in a competitive world. With the use of a new database and constructs based on product-space and income-based diversification concepts, a variety of country-specific and regional papers analyze this theme for Economic and Sector Work (ESW) as well as CEMs. A web-based tool is available for country economists to do their own analysis.
Examples of flagship products:
Technology, Adaptation and Exports: How Some Developing Countries Got it Right documents the success of several developing countries in devising institutions to adapt technologies for sustained economic/export growth in 10 sector-specific case studies.
Small States, Smart Solutions Flagship studies whether small states warranted special treatment by the Bank and the international community.