Prepared by Evridiki Tsounta (SPR), in consultation with Middle East and Central Asia Department.
Sources include: Republic of Armenia: Public Financial Management Reform Priorities, World Bank (2010), and Public Expenditure Review of Armenia, World Bank (2003).
A parliament shooting killed, among others, the two de facto political decision-makers—Prime Minister Vazgen Sargsyan and Parliament Speaker Karen Demirchyan—and slowed down further far-reaching reforms efforts.
Berglof and Bolton, 2002.
TFP data should be interpreted with some caution since they are unobservable and largely depend on the assumptions made on the parameters in the growth accounting exercise. For example, Gelbard et al. (2005) find that increases in TFP explain more than three-fourths of the GDP growth during 1998–2005, while Annex I in IMF (2013) finds that the TFP contribution to GDP growth was much more muted during 2003–11.
Prepared by Adil Mohommad (APD) and Hajime Takizawa (SPR).
Sources: Structural Reform Australian-Style: Lessons for Others?, Gary Banks, Australian Productivity Commission, May 2005; “Microeconomic Policies and Structural Change”, Peter Forsyth, chapter in The Australian Economy in the 1990s, Reserve Bank of Australia, 2000; Australia: Benefiting from Economic Reform, A. Singh, et al., IMF, 1998; OECD Reviews of Regulatory Reform—Australia: Towards a Seamless National Economy, OECD, 2010.
Prepared by Cindy (Xin) Xu, in consultation with Alexandros Mourmouras (APD).
Prepared by Michael Perks (SPR), in consultation with Kevin Ross (then WHD).
Lora, E (2012)”Structural Reform in Latin America: What Has Been Reformed and How to Measure It,” IDB Working Paper Series No. 346, Inter-American Development Bank, Washington, DC.
Ross, K. and Peschiera-Salmon, J.A., “Explaining the Peruvian Growth Miracle”, Peru—Staying the Course of Economic Success, 2015.
Prepared by Nikoloz Gigineishvili (AFR) and Annette Kyobe (SPR).
Sources: Tanzania’s Economic Reforms and Lessons Learned, World Bank, 2004; Tanzania: The Story of an African Transition, Roger Nord et al., IMF, 2009; Sustaining Long-Run Growth and Macroeconomic Stability in Low-Income Countries—The Role of Structural Transformation and Diversification, IMF Policy Paper, 2014; Tanzania—Staff Report for the 2014 Article IV Consultation, the Third Review under the Standby Credit Facility Arrangement, Request for a Waiver for Non-observance of a Performance Criterion, and Financing Assurances Review.
Prepared by Irineu de Carvalho Filho (SPR), in consultation with European Department.
Öniş, Ziya and Steven B. Webb (1994), “Turkey: Democratization and Adjustment from Above,” in Voting for Reform: Democracy, Political Liberalization, and Economic Adjustment, eds. Stephan Haggard and Steven B. Webb.
Harrison, Rutherford and Tarr (1993) found that Turkey’s trade reforms in the 1980s achieved, on average, the goal of removing anti-export distortions.(Harrison, Glenn W., Thomas F. Rutherford, and David G. Tarr, “Trade Reform in the Partially Liberalized Economy of Turkey,” World Bank Economic Review v7. May 1993 Number 2, pp. 191-218,
Pamuk, Şevket (2007), Economic Change in Twentieth Century Turkey: Is the Glass More than Half Full?, mimeo.
Turkey also entered into a Stand-By Agreement with the IMF.
Turkey’s Transitions: Integration, Inclusion, Institutions, 2014, World Bank.
World Bank (2014).