But the government cautioned that risks remained, like high unemployment and booming real estate prices.
The Financial Security Institute, which is financed by the South Korean government, cautioned that the report was partly conjectural and did not represent an official view.
The government cautioned that it was too early to question the safety of potting soil or recommend precautions for using it.
"Instead of bringing people close to the government," cautioned Haji Mukhtar, a Kandahar Provincial Council member, more combat "will cause people to stay further from the government and hate the foreigners more".
Even William Gross of Pimco, a vocal critic of the long-term fiscal position of the government, cautions that a move toward fiscal balance, if implemented too quickly, could "stultify economic growth".
The initial euphoria over a successful bid for the 2004 Summer Olympics has been tempered by repeated government cautioning that the hard work has just begun, with austerity measures and a huge overhaul of the capital's infrastructure ahead.
The Korean government cautioned newspaper editors against sensationalizing any political implications of the match, which the authorities fear may prompt violent protests against the 37,000 American troops stationed here.
But Mr. de Soto, who has visited here at the invitation of the municipal government, cautioned that "though the principle is right, most property creation schemes have been badly done".
The South Korean government cautioned that it was still too early to point the finger for Wednesday's problems at the North, which has been threatening "pre-emptive nuclear attacks" and other, unspecified actions against its southern neighbor for conducting the military exercises with the United States this month and for supporting new American-led United Nations sanctions against the North.
The Russian government cautioned in a statement issued Wednesday that it would "not leave unanswered the unfriendly steps" taken by the United States in barring several dozen Russian officials from receiving American visas over their involvement in the detention and death of the Russian lawyer Sergei L. Magnitsky two years ago.
