Panama’s Growth Prospects

Panama’s Growth Prospects
Author: Ms.Kimberly Beaton
Publisher: International Monetary Fund
Total Pages: 30
Release: 2017-07-07
Genre: Business & Economics
ISBN: 1484307860

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This paper estimates medium-term potential growth for a country undergoing significant structural and secular changes. Our forward-looking framework, incorporating three analytical approaches for examining economic prospects, constitutes an important complement to typical backward-looking methods that filter or extrapolate historical data. In particular, the opening of the expanded Panama Canal in 2016 highlights significant structural changes underway in the Panamanian economy. We first analyze growth determinants and find that Panama is well-placed to maintain its business model, with improvements in education and governance important to support growth. Second, the current pipeline of investment projects can help sustain investment-led growth, although at a more moderate pace. Third, further development of the logistics and tourism sectors holds promise to further build on Panama’s comparative advantage.

The Economic Development of Panama

The Economic Development of Panama
Author: Robert E. Looney
Publisher: Greenwood
Total Pages: 280
Release: 1976
Genre: Business & Economics
ISBN:

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Economic research monograph on the economic implications of world inflation on the economic development of Panama - outlines economic trends from the pre-war period until the present, covers demographic aspects, balance of payments, export and import trends, monetary policy, fiscal policy, future economic growth prospects, the importance of the Panama Canal Zone to the economy, the role of USA, etc. Bibliography pp. 225 to 236, references and statistical tables.

Panama’s Growth Prospects

Panama’s Growth Prospects
Author: Ms.Kimberly Beaton
Publisher: International Monetary Fund
Total Pages: 30
Release: 2017-07-10
Genre: Business & Economics
ISBN: 1484308727

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This paper estimates medium-term potential growth for a country undergoing significant structural and secular changes. Our forward-looking framework, incorporating three analytical approaches for examining economic prospects, constitutes an important complement to typical backward-looking methods that filter or extrapolate historical data. In particular, the opening of the expanded Panama Canal in 2016 highlights significant structural changes underway in the Panamanian economy. We first analyze growth determinants and find that Panama is well-placed to maintain its business model, with improvements in education and governance important to support growth. Second, the current pipeline of investment projects can help sustain investment-led growth, although at a more moderate pace. Third, further development of the logistics and tourism sectors holds promise to further build on Panama’s comparative advantage.

Panama

Panama
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
Total Pages: 88
Release: 2019-01-17
Genre: Business & Economics
ISBN: 1484394097

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Selected Issues

Panama

Panama
Author: World Bank. Latin America and the Caribbean Regional Office
Publisher:
Total Pages:
Release: 1985
Genre: Agriculture and state
ISBN:

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Panama

Panama
Author: World Bank. Latin America and the Caribbean Regional Office
Publisher:
Total Pages: 398
Release: 1985
Genre: Political Science
ISBN:

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This report examines recent economic performance and structural adjustment in Panama. The deteriorating employment situation is discussed with respect to policy reforms in employment and labour markets. The issue of public sector finance in the context of the country's external debt burden is addressed, and the need for further institutional reform is demonstrated. Other topics examined include: agricultural and industrial policies; the potential for export and import substitutes and incentives; development strategies; and export-oriented service activities that directly affect economic and institutional aspects of exporting, including the port system, Panama Canal, ocean freight cost, land transportation, Colon free zone, and reverted areas. The report concludes with projections of economic performance through the 80's under alternative policy assumptions.

Excerpt: Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic

Excerpt: Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
Total Pages: 20
Release: 2018-07-23
Genre: Business & Economics
ISBN: 1484370317

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This is an excerpt from Paving the Way to Growth and Prosperity in Central America, Panama, and the Dominican Republic edited by Kimberly Beaton, Roberto Garcia Saltos, and Lorenzo Figliuoli. Over the past three decades, countries in Central America, Panama, and the Dominican Republic have experienced sustained economic transfor-mation. The region has moved away from its rural and agricultural past to a modern and urban present and has significantly integrated its econ-omies regionally and globally. Many factors have shaped the region’s economic performance and are expected to contribute to its future development. The book aims to foster policy dialogue and contribute to the efforts to address the region’s unique challenges. The first part looks at the region’s growth with a view to understanding how structural determinants have contributed to the region’s uneven gains and the resulting priorities to strengthen the foundations of growth. The second part of the book high-lights the importance of addressing the region’s fiscal challenges and supporting growth and improved social outcomes. Finally, the third part of the book emphasizes the importance of a supportive financial sector for growth, including through financial inclusion and development. This excerpt is taken from uncorrected page proofs. Please check quota-tions and attributions against the final published volume.

Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic

Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic
Author: Ms.Kimberly Beaton
Publisher: International Monetary Fund
Total Pages: 308
Release: 2019-09-13
Genre: Business & Economics
ISBN: 1484370287

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Abstract: Accelerating economic growth in Central America, Panama and the Dominican Republic (CAPDR) remains an elusive task. While the region performed relatively well in the post-global financial crisis period, over the last five years obstacles to growth have become more evident and new challenges have emerged. In response, the region has strengthened macro-financial frameworks but more progress will be required to pave the way to sustained growth and prosperity. This book considers the structural factors underlying the region’s growth outlook and assesses its macroeconomic and financial challenges to help shape the policy agenda going forward. The book first identifies the structural determinants of growth in the region related to: capital formation; employment; demographic factors, including immigration; productivity; and violence. It then highlights the importance of creating fiscal space through the design and implementation of fiscal rules and mechanisms to increase accountability (better quality of public spending, adequate policies to reduce income inequality and sustainable retirement plans). Finally, it presents recent evidence on the importance of a supportive financial sector for growth (including through financial inclusion and development).