Honduras's Growth Performance During 1970-1997

Author/Editor:

V. Hugo Juan-Ramon

Publication Date:

January 1, 1999

Electronic Access:

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Disclaimer: This Policy Dicussion 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

Summary:

For more than three decades, Honduras’s average annual growth in real per capita GDP has been almost zero and highly uneven, even though its total investment-to-GDP ratio has been relatively large. This paper argues that policy and efficiency variables seem to have had less of an influence on growth in Honduras than they had on other countries. Instead, lack of growth can be attributed to the offsetting negative influence of low labor and capital productivity, which result from deficient levels of human capital and inadequate composition of investment. Other constraints to growth in Honduras include inadequate physical and institutional infrastructures.

Series:

Policy Discussion Paper No. 1999/001

Subject:

Education Gross capital formation Gross fixed investment National accounts Population and demographics Private investment

English

Publication Date:

January 1, 1999

ISBN/ISSN:

9781451974874/1564-5193

Stock No:

PPIEA0011999

Pages:

25

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