02052cas a2200265 a 4500 AALejournalIMF004864 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451866506 1018-5941 BD-DhAAL BD-DhAAL Gold, Judith. Guyana : Why Has Growth Stopped? An Empirical Study on the Stagnation of Economic Growth / Judith Gold, Ruben Atoyan, Cornelia Staritz. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (26 pages) IMF Working 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 After a period of exceptionally strong economic performance, Guyana's growth has stagnated since 1998. The paper tries to identify the factors that can explain this dramatic deterioration in economic performance. The paper first attempts to explain the decline of growth with a growth accounting exercise which shows that there was a significant swing in total factor productivity, and than uses a panel regression framework to analyze the growth impact of changes in various factors. Finally, through a series of cross-country exercises, the paper shows that the primary reasons for the divergence between the economic performance of Guyana and other Caribbean, HIPC, and PRGF-eligible countries in 1998-2004 are a substantial decline in share of net foreign and private domestic investment in GDP, a decline in the labor force, and a less favorable political and institutional environment. Mode of access: Internet Atoyan, Ruben. Staritz, Cornelia. IMF Working Papers; Working Paper ; No. 2007/086 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/086/001.2007.issue-086-en.xml IMF e-Library