Economic Growth in the Republic of Yemen : Sources, Constraints, and Potentials

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  • Format: Paperback
  • Copyright: 2003-01-09
  • Publisher: World Bank

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Rapid and sustained growth, in excess of 5% per annum, is key for sustained poverty reduction in Yemen. However, the achievement of such a target is challenging and necessitates aggressive changes in the overall business environment and governance structure along with the removal of certain obstacles to growth.This Country Study reviews Yemen's economic performance and evaluates the government's medium- and long-term development plans. It offers a detailed analysis of the major structural characteristics of the Yemeni economy and the primary economic sectors with the goal of identifying their capabilities and limitations. This report also highlights Yemen's private sector environment and external competitiveness. 'Economic Growth in the Republic of Yemen' concludes with policy recommendations which includes a concise policy matrix for accelerating and sustaining economic growth in Yemen in the medium- and long-term.

Table of Contents

Abbreviations and acronyms
Executive summaryp. 1
Economic Growth: Performance and Structurep. 7
Economic growth and macroeconomic performancep. 8
Political and economic development before unificationp. 9
Economic growth in the 1990sp. 12
Demand and factor decomposition of GDP growthp. 15
Growth targets of the 2025 vision and the second five-year plan (SFYP)p. 17
Potentials and constraints of the main economic sectorsp. 21
The agricultural sectorp. 22
The industrial sectorp. 28
The services sectorp. 41
Wholesale and retail tradep. 49
Private Sector Environment and Governancep. 50
Developing the private sector and improving governancep. 51
Characteristics of the private sector and the investment climatep. 52
Toward a reform agenda for private sector developmentp. 52
External trade sector and export competitivenessp. 71
Export performance, diversification, and direction of tradep. 72
Exchange rate policy reforms and competitivenessp. 74
Constant market share analysis (CMSA)p. 75
Revealed comparative advantage (RCA) analysisp. 78
Market positioning (rising and falling stars)p. 79
Tapping the potentials of Yemen's Economyp. 81
High and sustained GDP growth in Yemen: the way forwardp. 82
Plan of action for reduction of constraints in economic sectorsp. 85
Annex tablesp. 91
Annex A: National accounts datap. 99
Population growth estimates in Yemenp. 102
Bibliographyp. 107
Table of Contents provided by Blackwell. All Rights Reserved.

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