Like most Sub-Saharan African countries, Kenya’s economic growth appears to have been primarily driven by factor …

The challenge of achieving broad-based growth in Lesotho is discussed. Economic growth is inconsistent. Lesotho is … highly dependent on trade with South Africa. The sources of growth in Lesotho using a social accounting matrix model and a … growth-accounting framework are outlined. The main constraints to growth and private investment and current policy initiative …

This Selected Issues paper analyzes Jamaica’s experience of low growth despite consistently high investment rates. It …

This paper analyzes Bolivia’s growth performance with a focus on the regional and sectoral patterns of growth, and … examines the sources of growth. It discusses the evolution of the hydrocarbon sector, its importance in the economy, and …

and capital explains the bulk of overall output growth since 1990, with changes in total factor productivity playing only … worldwide average, the pace of TFP growth fell during the 2000s. This suggests scope for increasing the efficiency of factor …

The objective of this paper is to analyze the growth performance of the ECCU countries since independence and the … policy challenges they face to ensure sustained growth in the period ahead. Although tourism specialization may bring about … higher growth, it could also increase volatility in growth by amplifying the impact of business cycles in source countries on …

This Selected Issues paper analyzes sustaining potential growth in Aruba. As in the other Caribbean countries, there … are growing concerns in Aruba about the slowdown in economic growth over the past two decades and the consequent tepid … outlook for potential growth. Tackling such concerns requires identifying the underlying factors. This paper presents an …

This Selected Issues paper on Sri Lanka underlies the dynamics of growth and external competitiveness. The slowdown in … the contribution of sectors that are labor intensive, together with faster growth in sectors that are capital intensive … and have higher productivity levels, resulted in total factor productivity (TFP) as the main contributor to growth. Sri …