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Resilient Growth, Persisting Inequality : Identifying Potential Factors Limiting Shared Prosperity in the Dominican Republic

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dc.contributor.author Galrão Carneiro, Francisco
dc.contributor.author Iwulska, Aleksandra
dc.contributor.author Sánchez-Martín, Miguel Eduardo
dc.contributor.author Reyes, José-Daniel
dc.date.accessioned 2015-02-25T21:21:24Z
dc.date.accessioned 2017-12-16T00:04:49Z
dc.date.available 2015-02-25T21:21:24Z
dc.date.available 2017-12-16T00:04:49Z
dc.date.issued 2015-01
dc.identifier.uri http://hdl.handle.net/10986/21499
dc.description.abstract The Dominican Republic (DR) has recorded exceptional growth over the past twenty years and has closed the gap with the Latin America and Caribbean (LAC) region. While in the early 1990s the DRs per capita income was only about 57 percent that in LAC, it has climbed to around 90 percent nowadays. However, the countrys ability to reduce poverty and improving equity has been less stellar. This note presents some stylized facts of the DR economy that might help understand this phenomenon. In doing so, the note addresses the following three questions: (i) Has growth been inclusive in the DR?; (ii) Why has the DR economy grown so rapidly?; and (iii) Why has growth not led to further improvements in equity? This note tentatively argues that some potential factors explaining the latter are the decline in real wages despite increasing productivity, special economic zones that are relatively isolated from the rest of the economy, and the States limited capacity for fiscal redistribution. en
dc.language English
dc.language.iso en_US
dc.publisher World Bank Group, Washington, DC
dc.relation.ispartofseries Caribbean knowledge series;
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject UNEMPLOYMENT
dc.subject ECONOMIC OPPORTUNITIES
dc.subject WEALTH
dc.subject ACCOUNTABILITY
dc.subject EXPENDITURES
dc.subject SAFETY
dc.subject DEVELOPMENT AGENCY
dc.subject CENTRAL BANK
dc.subject POSITIVE EXTERNALITIES
dc.subject PRODUCTIVITY
dc.subject ECONOMIES OF SCALE
dc.subject BARGAINING
dc.subject DEBT STOCK
dc.subject EXPORTERS
dc.subject POLITICAL ECONOMY
dc.subject RELATIVE IMPORTANCE
dc.subject TRADE COMPETITIVENESS
dc.subject DEBT
dc.subject PRODUCTIVITY GROWTH
dc.subject TOTAL FACTOR PRODUCTIVITY
dc.subject PUBLIC FINANCES
dc.subject COLLECTIVE ACTION
dc.subject POVERTY RATES
dc.subject GINI INDEX
dc.subject EMPLOYMENT GROWTH
dc.subject EXCESS SUPPLY
dc.subject TRANSPORT
dc.subject GLOBAL ECONOMY
dc.subject PUBLIC SERVICE
dc.subject LABOR FORCE
dc.subject INTERNATIONAL DEVELOPMENT
dc.subject TAX
dc.subject SOCIAL SECURITY
dc.subject HIGH GROWTH
dc.subject POLICY RESEARCH
dc.subject JOB CREATION
dc.subject LONG RUN
dc.subject SMALL BUSINESS
dc.subject BANKING CRISIS
dc.subject REAL EXCHANGE RATES
dc.subject ECONOMIC GROWTH
dc.subject SUPPLIERS
dc.subject SAFETY NETS
dc.subject CAPACITY BUILDING
dc.subject LABOR UNIONS
dc.subject LABOR MARKET
dc.subject SOCIAL SPENDING
dc.subject OPEN UNEMPLOYMENT
dc.subject TAXATION
dc.subject DEVELOPMENT BANK
dc.subject RECAPITALIZATION
dc.subject CASH TRANSFER
dc.subject MINIMUM WAGES
dc.subject WAGES
dc.subject UNEMPLOYMENT RATES
dc.subject COMPETITIVENESS
dc.subject AGRICULTURE
dc.subject GROWTH PERFORMANCE
dc.subject UNEMPLOYMENT RATE
dc.subject CAPITAL STOCK
dc.subject BAILOUT
dc.subject POVERTY RATE
dc.subject HIGH EMPLOYMENT
dc.subject POVERTY REDUCTION
dc.subject EXPENDITURE
dc.subject RAPID GROWTH
dc.subject DEVELOPMENT INDICATORS
dc.subject DEBT SERVICE
dc.subject GDP
dc.subject INCOME GROWTH
dc.subject BANK POLICY
dc.subject TOTAL OUTPUT
dc.subject GROWTH RATE
dc.subject SUBSIDIARIES
dc.subject OPPORTUNITY COST
dc.subject EDUCATION LEVEL
dc.subject LEVY
dc.subject PUBLIC SECTOR DEBT
dc.subject EQUIPMENT
dc.subject REAL WAGES
dc.subject REDISTRIBUTIVE POLICIES
dc.subject ECONOMIC PERFORMANCE
dc.subject LOW LEVEL EQUILIBRIUM
dc.subject UNSKILLED JOBS
dc.subject TAX REVENUES
dc.subject ACCOUNTING
dc.subject VALUE ADDED
dc.subject GROWTH RATES
dc.subject FINANCIAL SERVICES
dc.subject FINANCIAL CRISIS
dc.subject PER CAPITA INCOME
dc.subject SOCIAL CAPITAL
dc.subject PUBLIC POLICIES
dc.subject TELECOMMUNICATIONS
dc.subject HUMAN CAPITAL
dc.subject INSURANCE
dc.subject EXPORTS
dc.subject UNSKILLED LABOR
dc.subject POVERTY LINE
dc.subject PUBLIC SERVICES
dc.subject RETURN
dc.subject PUBLIC SECTOR
dc.subject PUBLIC SPENDING
dc.subject LONG-TERM GROWTH
dc.subject TAX COLLECTION
dc.title Resilient Growth, Persisting Inequality : Identifying Potential Factors Limiting Shared Prosperity in the Dominican Republic en


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