| Description |
1 online resource (25 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/06/235 |
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IMF working paper ; WP/06/235.
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| Contents |
Contents -- I. INTRODUCTION -- II. THE PARADOX: LOW GROWTH AND HIGH INVESTMENT -- III. THE MISMEASUREMENT STORY -- IV. LOW PRODUCTIVITY: DOES THE LEVEL OF DEBT MATTER? -- V. HIGH DEBT AND DECLINING PRODUCTIVITY: THE CASE OF JAMAICA -- VI. TAKING STOCK: SUMMARY AND CONCLUSIONS -- REFERENCES |
| Summary |
The paper analyzes Jamaica's experience of low growth despite consistently high investment. Cross-country analysis provides evidence of a significant and negative relationship between total public debt and productivity growth. Looking at the specific channels through which high debt affects productivity growth and the allocation of resources in Jamaica, the study finds that high public debt has been associated with macroeconomic uncertainty and an output structure that relied excessively on a few maturing sectors with limited scope for productivity growth. Furthermore, public investment has been crowded out by debt service, further adversely affecting productivity growth |
| Bibliography |
Includes bibliographical references |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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English |
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Print version record |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
| Subject |
Debts, Public -- Jamaica
|
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Industrial productivity -- Jamaica
|
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Public investments -- Jamaica
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Debts, Public
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Economic history
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Industrial productivity
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Public investments
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| SUBJECT |
Jamaica -- Economic conditions
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| Subject |
Jamaica
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| Form |
Electronic book
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| Author |
International Monetary Fund. Western Hemisphere Department
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| ISBN |
1283512629 |
|
9781283512626 |
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9781451909487 |
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1451909489 |
|
1462317502 |
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9781462317509 |
|
1452790493 |
|
9781452790497 |
|
9786613825070 |
|
6613825077 |
|
