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Book Cover
Author Blavy, Rodolphe, author

Title Public debt and productivity : the difficult quest for growth in Jamaica / prepared by Rodolphe Blavy
Published [Washington D.C.] : International Monetary Fund., [2006]
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Description 1 online resource (25 pages) : illustrations
Series IMF working paper ; WP/06/235
IMF working paper ; WP/06/235
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. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Debts, Public -- Jamaica.
Industrial productivity -- Jamaica.
Public investments -- Jamaica.
Jamaica -- Economic conditions.
Form Electronic book
Author International Monetary Fund. Western Hemisphere Department.
ISBN 1283512629
Other Titles Difficult quest for growth in Jamaica