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Public Debt and Productivity : : The Difficult Quest for Growth in Jamaica / / Rodolphe Blavy



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Autore: Blavy Rodolphe Visualizza persona
Titolo: Public Debt and Productivity : : The Difficult Quest for Growth in Jamaica / / Rodolphe Blavy Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
Descrizione fisica: 1 online resource (27 p.)
Soggetto topico: Debts, Public - Jamaica
Industrial productivity - Jamaica
Public investments - Jamaica
Public Finance
Production and Operations Management
National Government Expenditures and Related Policies: Infrastructures
Other Public Investment and Capital Stock
Debt
Debt Management
Sovereign Debt
Macroeconomics: Production
Informal Economy
Underground Econom
Public finance & taxation
Macroeconomics
Economics of specific sectors
Public debt
Productivity
Public investment and public-private partnerships (PPP)
Public investment spending
Informal economy
Debts, Public
Industrial productivity
Public-private sector cooperation
Public investments
Informal sector
Economics
Soggetto geografico: Jamaica Economic conditions
Jamaica
Note generali: "October 2006."
Nota di bibliografia: Includes bibliographical references.
Nota di contenuto: ""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""
Sommario/riassunto: 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.
Titolo autorizzato: Public Debt and Productivity  Visualizza cluster
ISBN: 1-4623-1750-2
1-4527-9049-3
1-283-51262-9
1-4519-0948-9
9786613825070
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910788417403321
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Serie: IMF Working Papers; Working Paper ; ; No. 2006/235