The Lao Economy: Capitalizing on Natural Resource Exports
Menon, Jayant; Warr, Peter | January 2013
Abstract
Trade and investment reforms in the Lao People’s Democratic Republic
(Lao PDR) since the mid-1980s have boosted natural resource-based exports,
underpinning recent economic growth. A high proportion of the proceeds from
these exports accrue directly to the government. Over the 8 years preceding
2011, total government revenue increased from 11% to over 19% of gross
domestic product, due almost entirely to revenues derived from mining and
hydropower. The effect on the Lao people depends on how the government uses
these revenues. This paper examines how the Lao PDR’s export-led growth can
be channeled into directions that deliver the greatest benefit to the Lao people.
Citation
Menon, Jayant; Warr, Peter. 2013. The Lao Economy: Capitalizing on Natural Resource Exports. © Asian Development Bank. http://hdl.handle.net/11540/2335. License: CC BY 3.0 IGO.ISSN
1655-5252
Keywords
Urban Development Finance
Trade Finance
Small Business Finance
Rural Finance
Roundtable on International Trade and Finance
Regional Development Finance
Public Service Finance
Public Finance
Project Finance
Private Finance
Nonbank Financing
Non-Bank Financial Institutions
Municipal Finance
Local Government Finance
Local Currency Financing
Limited Resource Financing
International Financial Institutions
Infrastructure Financing
Industrial Finance
Government Financial Institutions
Government Finance
Financing of Infrastructure
Financial Sector Development
Financial Regulation
Public Sector Infrastructure
Public Sector Management
Public Sector Projects
Taxation
Public Accounting
National Budget
Municipal Bonds
Local Government
Local Taxes
International Monetary Relations
International Financial Market
International Banking
Central Banks
Business Financing
Capital Resources
Budgetary Policy
Capital Needs
Corporate Divestiture
Capital Instruments
Pension Funds
Insurance Companies
Banks
Portfolio Management
Fiscal Administration
Economics of Education
Development Banks
Public enterprises
Public finance
Infrastructure projects
Development projects
Grants
Loans
Use tax
Taxing power
State of taxation
Tax-sales
Tax revenue estimating
Tax planning
Spendings tax
Special assessments
Tax administration and procedure
Sales tax
Real property and taxation
Progressive taxation
Effect of taxation on land use
Effect of taxation on labor supply
Intergovernmental tax relations
Inheritance and transfer tax
Energy tax
Investment of public funds
Intergovernmental fiscal relations
Social infrastructure
Public works
Government lending
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Citable URI
http://hdl.handle.net/11540/2335Metadata
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