Growth in the Dominican Republic and Haiti : why has the grass been greener on one side of Hispaniola? /
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| Author / Creator: | Jaramillo, L. (Laura), author. |
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| Imprint: | [Washington, D.C.] : International Monetary Fund, Western Hemisphere Dept., ©2007. |
| Description: | 1 online resource (33 pages) : illustrations. |
| Language: | English |
| Series: | IMF working paper ; WP/07/63 IMF working paper ; WP/07/63. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12499721 |
| Summary: | The Dominican Republic and Haiti share the island of Hispaniola and are broadly similar in terms of geography and historical institutions, yet their growth performance has diverged remarkably. The countries had the same per capita real GDP in 1960 but, by 2005, the Dominican Republic's per capita real GDP had tripled whereas that of Haiti had halved. Drawing on the growth literature, the paper explains this divergence through a combined approach that includes a panel regression to study growth determinants across a broad group of countries, and a case study framework to better understand the specific policy decisions and external conditions that have shaped economic outcomes in the Dominican Republic and Haiti. The paper finds that initial conditions cannot fully explain the growth divergence, but rather policy decisions have played a central role in the growth trends of the two countries. This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. |
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| Physical Description: | 1 online resource (33 pages) : illustrations. |
| Format: | 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. |
| Bibliography: | Includes bibliographical references. |
| ISBN: | 1283518651 9781283518659 9781451910803 1451910800 9781451866278 1451866275 |
| ISSN: | 2227-8885 |