{"id":373,"date":"2012-03-01T15:21:43","date_gmt":"2012-03-01T15:21:43","guid":{"rendered":"http:\/\/beta.charbelnahas.org\/?p=373"},"modified":"2012-03-02T12:06:30","modified_gmt":"2012-03-02T12:06:30","slug":"exploring-lebanons-growth-prospects","status":"publish","type":"post","link":"http:\/\/charbelnahas.org\/?p=373","title":{"rendered":"Exploring Lebanon\u2019s Growth Prospects"},"content":{"rendered":"<p>Jean-Claude Berthelemy,Sebastien Dessus &amp; Charbel Nahas<\/p>\n<p><em>World Bank Policy Research Working Paper Series, number 4332<\/em><\/p>\n<div dir=\"ltr\"><span style=\"font-family: Verdana, Arial, Helvetica, sans-serif;\"><span style=\"font-size: 11px; line-height: normal;\">August 2007<\/span><\/span><\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">This paper attempts to identify Lebanon \u2019 s greatest constraints to economic growth, following a growth diagnosis approach. It concludes that fiscal imbalances and barriers to entry are most binding on long-term growth. Macroeconomic imbalances and related perceived risks affect the nature of investment decisions in Lebanon, in favor of liquid instruments rather than longer-term productive investments. Further, many barriers to entry discourage agents from investing in a number of markets: legal impediments to competition, corruption, and a set of fiscal incentives favoring the allocation of resources to non-tradable sectors, where potential demand and investment opportunities are scarcer. In turn, using a steady-state computable general equilibrium model, the paper assesses the long-term growth impact of a selected set of policy reforms envisaged to lift such constraints. Results suggest that 1 to 2 percentage points of additional GDP growth per year could be gained through public expenditure reform, greater domestic competition, and tax harmonization.<\/div>\n<div dir=\"ltr\"><\/div>\n<p>&nbsp;<\/p>\n<div>\n<div dir=\"ltr\" align=\"center\">\n<dl>\n<dt><a title=\"PDF - 825.9 kb\" type=\"application\/pdf\" href=\"http:\/\/www-wds.worldbank.org\/servlet\/WDSContentServer\/WDSP\/IB\/2007\/08\/27\/000158349_20070827151759\/Rendered\/PDF\/wps4332.pdf\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/charbelnahas.org\/dist\/vignettes\/pdf.png\" alt=\"PDF - 825.9 kb\" width=\"64\" height=\"64\" \/><\/a><\/dt>\n<dd>32 p. (in english)<\/dd>\n<\/dl>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jean-Claude Berthelemy,Sebastien Dessus &amp; Charbel Nahas World Bank Policy Research Working Paper Series, number 4332 August 2007 This paper attempts to identify Lebanon \u2019 s greatest constraints to economic growth, following a growth diagnosis approach. It concludes that fiscal imbalances and barriers to entry are most binding on long-term growth. Macroeconomic imbalances and related perceived [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":298,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,23,9],"tags":[],"_links":{"self":[{"href":"http:\/\/charbelnahas.org\/index.php?rest_route=\/wp\/v2\/posts\/373"}],"collection":[{"href":"http:\/\/charbelnahas.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/charbelnahas.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/charbelnahas.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/charbelnahas.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=373"}],"version-history":[{"count":3,"href":"http:\/\/charbelnahas.org\/index.php?rest_route=\/wp\/v2\/posts\/373\/revisions"}],"predecessor-version":[{"id":375,"href":"http:\/\/charbelnahas.org\/index.php?rest_route=\/wp\/v2\/posts\/373\/revisions\/375"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/charbelnahas.org\/index.php?rest_route=\/wp\/v2\/media\/298"}],"wp:attachment":[{"href":"http:\/\/charbelnahas.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/charbelnahas.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=373"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/charbelnahas.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}