Reinvigorating Growth in Belize

27 Pages Posted: 8 Apr 2019

See all articles by Dmitry Vasilyev

Dmitry Vasilyev

International Monetary Fund (IMF)

Date Written: February 2019

Abstract

In the 1990s and early 2000s, Belize grew faster than its regional peers. By the mid-2000s, however, economic growth had slowed down to the regional average. A vicious circle of low growth and increasing public debt has been clouding Belize's outlook. This paper applies a growth diagnostic approach based on the Hausmann-Rodrik-Velasco framework to investigate the main growth constraints and opportunities for higher growth in Belize. Improvements in access to finance and in the business climate could unlock Belize's strengths.

Keywords: Economic growth, Social indicators, Financial indicators, Demographic indicators, Total factor productivity, growth diagnostics, development policies, structural transformation., growth constraint, world development indicator, TFP, IMF, Rodrik

JEL Classification: O11, O43, O54, E01, E2, O4, E62, L31

Suggested Citation

Vasilyev, Dmitry, Reinvigorating Growth in Belize (February 2019). IMF Working Paper No. 19/24, Available at SSRN: https://ssrn.com/abstract=3367407

Dmitry Vasilyev (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
43
Abstract Views
319
PlumX Metrics