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Namibia :, Selected Issues

This Selected Issues paper analyzes policies that can raise potential growth in small middle-income countries (SMICs) of sub-Saharan Africa (SSA). The findings suggest that although macroeconomic stability and trade openness are necessary for productivity growth, they are not sufficient. SMICs in SSA need to improve the quality of their public spending, most notably on education, to solve the problem of skill mismatch in the labor market, reduce the regulatory burden on firms, improve access to financing by small and medium-size enterprises, and pave the way for structural transformation in these economies. Given the short-term cost of these reforms, the timing and sequencing of reforms and the role of quick wins is important for their implementation. In some cases, a social bargain can be a mechanism to generate consensus around a package of mutually reinforcing reforms
Table Of Contents
Cover; CONTENTS; POLICIES THAT CAN RAISE POTENTIAL GROWTH IN SMALL MIDDLE-INCOME-COUNTRIES OF SSA; A. Introduction; B. Literature Review: Determinants of Total Factor Productivity (TFP); FIGURES; 1. SMICs of SSA: Growth Development; 2. SSA MICs Growth Decomposition; C. Stylized Facts; BOX; 1. Structural Transformation in Selected SMICs in SSA-Mauritius and Namibia; 3. Factors Affecting Productivity in Selected SMICs in SSA; TABLES; 1. Structural Impediments to Productivity Enhancement in Selected SMICs; D. Empirical Analysis; 2. Summary of the Empirical Results
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (49 p.)
Specific Material Designation
Form Of Item

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