01713cas a2200241 a 4500 AALejournalIMF000808 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451974874 1934-7456 BD-DhAAL BD-DhAAL Juan-Ramon, V. Honduras's Growth Performance During 1970-1997 / V. Juan-Ramon. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (25 pages) IMF Policy Discussion Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Policy Discussion Papers; Policy Discussion Paper ; No. 1999/001 Full text available on IMF http://elibrary.imf.org/view/journals/003/1999/001/003.1999.issue-001-en.xml IMF e-Library