Guyana : Why Has Growth Stopped? An Empirical Study on the Stagnation of Economic Growth /

After a period of exceptionally strong economic performance, Guyana's growth has stagnated since 1998. The paper tries to identify the factors that can explain this dramatic deterioration in economic performance. The paper first attempts to explain the decline of growth with a growth accounting...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Gold, Judith
अन्य लेखक: Atoyan, Ruben, Staritz, Cornelia
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2007.
श्रृंखला:IMF Working Papers; Working Paper ; No. 2007/086
ऑनलाइन पहुंच:Full text available on IMF
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100 1 |a Gold, Judith. 
245 1 0 |a Guyana :   |b Why Has Growth Stopped? An Empirical Study on the Stagnation of Economic Growth /  |c Judith Gold, Ruben Atoyan, Cornelia Staritz. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2007. 
300 |a 1 online resource (26 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a After a period of exceptionally strong economic performance, Guyana's growth has stagnated since 1998. The paper tries to identify the factors that can explain this dramatic deterioration in economic performance. The paper first attempts to explain the decline of growth with a growth accounting exercise which shows that there was a significant swing in total factor productivity, and than uses a panel regression framework to analyze the growth impact of changes in various factors. Finally, through a series of cross-country exercises, the paper shows that the primary reasons for the divergence between the economic performance of Guyana and other Caribbean, HIPC, and PRGF-eligible countries in 1998-2004 are a substantial decline in share of net foreign and private domestic investment in GDP, a decline in the labor force, and a less favorable political and institutional environment. 
538 |a Mode of access: Internet 
700 1 |a Atoyan, Ruben. 
700 1 |a Staritz, Cornelia. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2007/086 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2007/086/001.2007.issue-086-en.xml  |z IMF e-Library