The Role of Public Policies in Fostering Innovation and Growth: Theory and Empirical Evidence

Schiffbauer, Marc

doi:10.1007/978-3-642-14965-8_14

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Investment Promotion1

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2010

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“…The empirical literature is, however, not conclusive, and very little is understood about the dynamic impact of FDI. The research on which there seems to be consensus was conducted on the importance of the economic and policy context for FDI in determining its eventual impact (CPDC, 2008;Schiffbauer, 2006). In addition, studies of incentive regimes elsewhere point to their ephemeral ability to retain investments once the incentive period has expired.…”

Section: Investment Promotionmentioning

confidence: 99%

Productive Development Policies in Jamaica

Panadeiros,

Benfield

2010

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Jamaica seems to be a puzzling case for economic growth: despite the structural reforms implemented in the last three decades and adequate investment levels, real GDP per capita is roughly the same as in 1970. The disappointing performance of this economy suggests that productive development policies (PDPs), including first-generation reforms, have not been enough to create a better environment for productivity growth. This paper examines the PDPs in Jamaica and concludes that behind the paradox of high investment and low growth of this economy are the "public debt trap" and a highly distortive tax incentive structure to attract foreign direct investment (FDI) and promote exports. Although industrial policy is moving towards a more modern conceptual design, the old schemes seem politically difficult to dismantle.

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Section: Investment Promotionmentioning

confidence: 99%

Productive Development Policies in Jamaica

Panadeiros,

Benfield

2010

View full text Add to dashboard Cite

show abstract

The Role of Public Policies in Fostering Innovation and Growth: Theory and Empirical Evidence

Cited by 1 publication

References 94 publications

Productive Development Policies in Jamaica

Productive Development Policies in Jamaica

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