This discussion paper examines in its first part, the role of private investment in economic growth. While theoretical growth models developed in the economics literature, make no distinction between private, and public components of investment, there is an emerging appreciation that private...

Thee worldwide development of information and communication technology (ICT) has accelerated dramatically over the past decade. Increased ICT production and use has the potential to influence economic growth positively. This paper focuses on the linkage between ICT and output growth and...

Guatemala is the largest economy in Central America, with a GDP of US$46.9 billion (2011). A moderate long-term rate of economic growth of 3.3 percent between 2001 and 2011 translated into a per capita GDP of $3,300 in 2011. However, Guatemala experienced 36 years of civil unrest, which left few...

Global growth again disappointed in 2014 but a lackluster recovery is underway, with increasingly divergent prospects in major economies. Looking ahead, growth is expected to rise slowly, supported by continued recovery in high-income countries and receding domestic headwinds in developing...