Cover IMF Staff Country Reports
Nicaragua: Selected Issues and Statistical Appendix
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2002: Issue 269
Language:
English
Publication Date:
13 Dec 2002
DOI:
https://doi.org/10.5089/9781451829181.002
ISBN:
9781451829181
ISSN:
1934-7685
Pages:
102
Keywords:
ISCR; CR; debt; VAT; Nicaragua; GDP; zero-rated VAT product; is total factor productivity; buy-back operation; terms of trade; government policy; VAT base; Total factor productivity; Domestic debt; Value-added tax
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This Selected Issues paper and Statistical Appendix examines factors that have determined long-term growth in Nicaragua. Stylized facts suggest that government policies have had a decisive influence on growth. In particular, productivity and capital accumulation suffered during periods of excessive deficit spending and inadequate enforcement of private property rights. A sectoral analysis of growth reveals that liberalization and deregulation in the 1990s led to deep structural changes in the economy. The paper also describes the main characteristics of Nicaragua’s tax system, identifying key weaknesses and their economic costs.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2002: Issue 269