Honduras's Growth Performance During 1970-1997

V. Juan-Ramon

No 1999/001, IMF Policy Discussion Papers from International Monetary Fund

Abstract: 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.

Keywords: PDP; Honduras; GDP; growth performance; growth; input productivity; human capital; investment composition; Honduras's policy; rate of return; Honduras's percentage; marginal productivity; case in Honduras; productivity of the labor force; productivity of labor; experience of Honduras; low level; policy-related variable; Gross fixed investment; Private investment; Gross capital formation (search for similar items in EconPapers)
Pages: 25
Date: 1999-01-01
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