Cover IMF Working Papers
Buy Book in Print
Reinvigorating Growth in Belize
Author:
Dmitry Vasilyev null

Search for other papers by Dmitry Vasilyev in
Current site
Google Scholar Close
Series:
IMF Working Papers
Volume/Issue:
Volume 2019: Issue 024
Language:
English
Publication Date:
04 Feb 2019
DOI:
https://doi.org/10.5089/9781484392188.001
ISBN:
9781484392188
ISSN:
1018-5941
Pages:
26
Keywords:
WP; Belize; economy; cost; goods export; growth diagnostics; development policies; structural transformation; peer economy; growth performance; export diversification index; Belize's growth; diversification indicator; tourism industry; Total factor productivity; Income; Tourism; Caribbean; Central America
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (1.5 MB) Download Epub
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.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund