LEADER 04989oam 22012254 450 001 9910826318803321 005 20200520144314.0 010 $a1-4623-1750-2 010 $a1-4527-9049-3 010 $a1-283-51262-9 010 $a1-4519-0948-9 010 $a9786613825070 035 $a(CKB)3360000000443499 035 $a(EBL)3014440 035 $a(SSID)ssj0000943026 035 $a(PQKBManifestationID)11967157 035 $a(PQKBTitleCode)TC0000943026 035 $a(PQKBWorkID)10974967 035 $a(PQKB)10802650 035 $a(OCoLC)694141092 035 $a(MiAaPQ)EBC3014440 035 $a(IMF)WPIEE2006235 035 $a(IMF)WPIEA2006235 035 $a(EXLCZ)993360000000443499 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aPublic Debt and Productivity : $eThe Difficult Quest for Growth in Jamaica /$fRodolphe Blavy 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (27 p.) 225 1 $aIMF Working Papers 300 $a"October 2006." 311 $a1-4518-6495-7 320 $aIncludes bibliographical references. 327 $a""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"" 330 3 $aThe paper analyzes Jamaica's experience of low growth despite consistently high investment. Cross-country analysis provides evidence of a significant and negative relationship between total public debt and productivity growth. Looking at the specific channels through which high debt affects productivity growth and the allocation of resources in Jamaica, the study finds that high public debt has been associated with macroeconomic uncertainty and an output structure that relied excessively on a few maturing sectors with limited scope for productivity growth. Furthermore, public investment has been crowded out by debt service, further adversely affecting productivity growth. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/235 517 3 $aDifficult quest for growth in Jamaica 606 $aDebts, Public$zJamaica 606 $aIndustrial productivity$zJamaica 606 $aPublic investments$zJamaica 606 $aDebt Management$2imf 606 $aDebt$2imf 606 $aDebts, Public$2imf 606 $aEconomics of specific sectors$2imf 606 $aEconomics$2imf 606 $aIndustrial productivity$2imf 606 $aInformal Economy$2imf 606 $aInformal economy$2imf 606 $aInformal sector$2imf 606 $aMacroeconomics$2imf 606 $aMacroeconomics: Production$2imf 606 $aNational Government Expenditures and Related Policies: Infrastructures$2imf 606 $aOther Public Investment and Capital Stock$2imf 606 $aProduction and Operations Management$2imf 606 $aProductivity$2imf 606 $aPublic debt$2imf 606 $aPublic finance & taxation$2imf 606 $aPublic Finance$2imf 606 $aPublic investment and public-private partnerships (PPP)$2imf 606 $aPublic investment spending$2imf 606 $aPublic investments$2imf 606 $aPublic-private sector cooperation$2imf 606 $aSovereign Debt$2imf 606 $aUnderground Econom$2imf 607 $aJamaica$xEconomic conditions 607 $aJamaica$2imf 615 0$aDebts, Public 615 0$aIndustrial productivity 615 0$aPublic investments 615 7$aDebt Management 615 7$aDebt 615 7$aDebts, Public 615 7$aEconomics of specific sectors 615 7$aEconomics 615 7$aIndustrial productivity 615 7$aInformal Economy 615 7$aInformal economy 615 7$aInformal sector 615 7$aMacroeconomics 615 7$aMacroeconomics: Production 615 7$aNational Government Expenditures and Related Policies: Infrastructures 615 7$aOther Public Investment and Capital Stock 615 7$aProduction and Operations Management 615 7$aProductivity 615 7$aPublic debt 615 7$aPublic finance & taxation 615 7$aPublic Finance 615 7$aPublic investment and public-private partnerships (PPP) 615 7$aPublic investment spending 615 7$aPublic investments 615 7$aPublic-private sector cooperation 615 7$aSovereign Debt 615 7$aUnderground Econom 700 $aBlavy$b Rodolphe$01631325 712 02$aInternational Monetary Fund.$bWestern Hemisphere Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910826318803321 996 $aPublic Debt and Productivity$94025978 997 $aUNINA