Mongolia Sources Of Growth
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Mongolia Sources Of Growth
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Author :
language : en
Publisher:
Release Date : 2007
Mongolia Sources Of Growth written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Electronic book categories.
Mongolia Sources Of Growth
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Author : Weltbank
language : en
Publisher:
Release Date : 2012
Mongolia Sources Of Growth written by Weltbank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
This economic report aims to inform the ongoing debate on the Government's long term development priorities in Mongolia. It discusses the key facts and potential implications the government would need to consider when determining its public spending, public investment program, fiscal space, and borrowing strategy going forward. The report begins by reviewing the Mongolian growth experience over the 1990s as a pre-requisite to understand the present endowments, and the circumstances under which one needs to think about the future. Chapter 2 applies the "growth diagnostics" approach to identify those factors that are "binding" constraints to growth and are areas in need of immediate policy interventions by the government. Chapter 3 discusses the issues that will need to be addressed in order to develop non-mining sector activities with the aim of economic and export diversification and suggests policies to encourage firm innovation'' and private sector growth. Chapter 4 discusses policies to relax infrastructure bottlenecks in the context of regional development and Mongolia's unique geography. Chapter 5 presents a menu of policies tailored to address the mismatch of skills workers bring to the market and those demanded by the market. Chapter 6 discusses issues related to appropriate management and development of its mineral wealth, as well as those arising from present practices in the livestock sector. Finally, in Chapter 7, the possibilities of governance failure, policy and other risks are analyzed to demonstrate their inhibiting effects on the achievement of much higher long-term growth rates in this natural resource dependant economy during a commodity price boom.
Mongolia Sources Of Growth
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Author :
language : en
Publisher:
Release Date : 2007
Mongolia Sources Of Growth written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Economic development categories.
Mongolia
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Author : Weltbank
language : en
Publisher:
Release Date : 2013
Mongolia written by Weltbank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
This study is based on field work undertaken in the Spring of 2003 and builds on previous projects undertaken by the World Bank in Mongolia, It assesses the medium-term growth potential of Mongolia's non-fuels minerals industry and its potential contribution to economic growth, poverty reduction, and regional development. The report main objectives are : assess medium-term growth potential of Mongolia's non-fuel mineral industry; diagnose the state of the Mongolian mining sector and identify problems, constraints and bottlenecks to new investments, growth and increased contribution of mining to the national and regional economy; provide international comparisons and examples of best practices as to how other countries have addressed the issues, problems and constraints, and formulate options and alternatives that may be considered by the government to improve efficiency, competitiveness, sector management, and the investment climate.
From Natural Resource Boom To Sustainable Economic Growth
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Author : Pranav Gupta
language : en
Publisher: International Monetary Fund
Release Date : 2015-04-30
From Natural Resource Boom To Sustainable Economic Growth written by Pranav Gupta and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-30 with Business & Economics categories.
Some resource-rich developing countries are in the process of harnessing immense mining resources towards inclusive growth and prosperity. Nevertheless, tapping into natural resources could be challenging given the large front-loaded investment, volatile capital flows and exposure to global commodity markets. Public investment is needed to remove the often-large infrastructure gap and unlock the economic potential. However, too rapid fiscal outlays could push the economy to its limit of absorptive capacity and increase macro-financial vulnerabilities. This paper utilizes a structural model-based approach to analyze macroeconomic impacts of different public investment strategies on key fiscal and non-fiscal variables such as debt, consumption, sovereign wealth fund, and real exchange rates. We apply the model to Mongolia and draw policy recommendations from the analysis. We find that fiscal policy adjustment, particularly moderating infrastructure investment and optimizing investment efficiency is needed to maintain macroeconomic and external stability, as well as to boost the long-term sustainable growth for Mongolia.
Growth And Recovery In Mongolia During Transition
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Author : Kevin C. Cheng
language : en
Publisher: International Monetary Fund
Release Date : 2003-11
Growth And Recovery In Mongolia During Transition written by Kevin C. Cheng and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-11 with Business & Economics categories.
This paper studies Mongolia's experience of growth and recovery during the first decade of its transition to a market-based system and compares it with those of other transition economies. Mongolia, like most other transition economies, experienced a painful, initial "transformational recession" before the economy began to recover, with efficiency gains the main source of growth during the early stages of transition. Mongolia's transition process has been relatively smooth compared with other transition economies, probably reflecting the combined effects of some favorable initial conditions, coupled with the early adoption of appropriate adjustment policies and market-oriented reforms.
Mongolia
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Author :
language : en
Publisher:
Release Date : 2004
Mongolia written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Electronic book categories.
Growth Diagnostics For A Resource Rich Transition Economy The Case Of Mongolia
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Author : Elena Ianchovichina
language : en
Publisher: World Bank Publications
Release Date : 2007
Growth Diagnostics For A Resource Rich Transition Economy The Case Of Mongolia written by Elena Ianchovichina and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Access to Finance categories.
Abstract: This 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.
Mongolia S Economic Prospects
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Author : Matthias Helble
language : en
Publisher: Asian Development Bank
Release Date : 2020-06-01
Mongolia S Economic Prospects written by Matthias Helble and has been published by Asian Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-01 with Business & Economics categories.
This publication examines Mongolia’s recent economic development and outlines reforms that would help the country take advantage of its many opportunities. Mongolia is rich in natural resources and, although landlocked, is well-placed to boost trade with its two giant neighbors. The country needs to diversify its economy beyond mining, enhance economic stability, and increase employment. To maximize Mongolia’s potential the government can improve macroeconomic management, enhance the skill base, and provide hard and soft infrastructure to promote trade and efficient logistics. Governance and institutional reforms are also crucial. The government will need to continue to drive reforms so that they are well implemented and deliver the intended change.
Growth And Recovery In Mongolia During Transition
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Author : Kevin Cheng
language : en
Publisher:
Release Date : 2006
Growth And Recovery In Mongolia During Transition written by Kevin Cheng and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
This paper studies Mongolia's experience of growth and recovery during the first decade of its transition to a market-based system and compares it with those of other transition economies. Mongolia, like most other transition economies, experienced a painful, initial transformational recession before the economy began to recover, with efficiency gains the main source of growth during the early stages of transition. Mongolia's transition process has been relatively smooth compared with other transition economies, probably reflecting the combined effects of some favorable initial conditions, coupled with the early adoption of appropriate adjustment policies and market-oriented reforms.