| Description |
1 online resource (18 pages) : illustrations |
| Series |
IMF working paper, 1018-5941 ; WP/09/11 |
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IMF working paper ; WP/09/11.
|
| Contents |
I. Introduction; 1. Doing Business, 2007-08; II. The Continued Decline in GDP per Capita; 1. A History Marked by a Decline of Real GDP per Capita, 1970-2007; Tables; 2. Average Growth Rates; 2. The Three Growth Periods in Burundi, 1970-2007; 3. Growth and Investment in Burundi and Sub-Saharan Africa (SSA), 1970-2007; 4. ICOR in Burundi and SSA, 1970-2007; Boxes; 1. Energy; 5. Top 10 Constraints on Firm Investment in Burundi, 2006; 2. Coffee Sector; Figures; 3. Coffee Prices; 4. Coffee Production; III. Estimating the Capacity Constraint with a Production Function |
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6. Estimated Coefficients 5. Real GDP and Capital Stock Indices, 1970-2007; 6. Estimated Depreciation Rates, 1973-2007; IV. Breaking the Vicious Circle of Low Investment and Economic Inefficiency; 7. Growth Decomposition (percent); V. Conclusion; 7. GNI per Capita in Constant US, 2005-50; 8. Long-run Values of Key Variables; References; Appendix |
| Summary |
Over the last thirty years Burundi's low economic growth has led to a significant decline in per capita GDP. The purpose of this paper is to shed light on supply-side constraints that prevented Burundi's economy from growing faster. Lack of investment, civil conflict, economic inefficiencies, state intervention in the economy, and regulatory restrictions explain a large part of the weak growth performance for the last thirty years |
| Notes |
At head of title: African Department |
|
"January 2009." |
| Bibliography |
Includes bibliographical references (pages 16-17) |
| Notes |
Print version record |
| Subject |
Economic development -- Burundi
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Civil war -- Economic aspects -- Burundi
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Civil war -- Economic aspects
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Economic development
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Economic policy
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Capital Stock.
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GDP Growth.
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GDP per Capita.
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Growth Rate.
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Growth Rates.
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Growth.
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Wirtschaftswachstum.
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Sozialprodukt.
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Investition.
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Gesamtwirtschaftliches Anlagevermögen.
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Bürgerkrieg.
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Wirtschaftspolitik.
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Burundi.
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| SUBJECT |
Burundi -- Economic policy
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| Subject |
Burundi
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Burundi.
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| Form |
Electronic book
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| Author |
International Monetary Fund. African Department
|
| ISBN |
1451871589 |
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9781451871586 |
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1451915942 |
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9781451915945 |
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