Honduras's Growth Performance During 1970-1997

Author: Mr. V. Hugo Juan-Ramon

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.

Volume/Issue: Volume 1999 Issue 001

Publication date: January 1999

ISBN: 9781451974874

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Business and Economics , Social Science , Investments and Securities-General , Demography , 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

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Summary

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.