Reinvigorating Growth in Belize
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Summary:
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.
Series:
Working Paper No. 2019/024
Subject:
Economic sectors Education Income National accounts Production Public debt Total factor productivity Tourism
English
Publication Date:
February 4, 2019
ISBN/ISSN:
9781484392188/1018-5941
Stock No:
WPIEA2019024
Pages:
26
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