Hidden Bibliographic Details
| Varying Form of Title: | Difficult quest for growth in Jamaica
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| Other authors / contributors: | International Monetary Fund. Western Hemisphere Department.
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| ISBN: | 1283512629
9781283512626
9781451909487
1451909489
1462317502
9781462317509
1452790493
9781452790497
9786613825070
6613825077
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| Digital file characteristics: | text file
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| Notes: | Includes bibliographical references.
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
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
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| 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.
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| Other form: | Print version: Blavy, Rodolphe. Public debt and productivity. [Washington D.C.] : International Monetary Fund, Western Hemisphere Dept., ©2006
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| Standard no.: | 10.5089/9781451909487.001
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