Rekindling Economic Growth in Belize
Peer Reviewed
Date issued
Jun 2015
Subject
Economic Development;
GDP Growth;
Private Investment;
Economic Policy
JEL code
H21 - Efficiency • Optimal Taxation;
H41 - Public Goods;
N16 - Latin America • Caribbean;
O11 - Macroeconomic Analyses of Economic Development;
O47 - Empirical Studies of Economic Growth • Aggregate Productivity • Cross-Country Output Convergence;
O54 - Latin America • Caribbean;
P24 - National Income, Product, and Expenditure • Money • Inflation
Country
Belize
Category
Technical Notes
Rekindling faster, sustained economic growth is arguably the most important development challenge for Belize. Economic growth is crucial for improving living standards, reducing poverty and strengthening macroeconomic sustainability. What are the binding constraints to economic growth in Belize? This study updates a growth diagnostic prepared for Belize in 2007, by reviewing Belize's economic performance, applying the Hausmann, Rodrick, and Velasco methodology to Belize's economic context and also by taking into account the private sector's opinions on the constraints to private sector investment and growth.
