Author: Sang W. KimPublisher:
ISBN:
Category : Econometric models
Languages : en
Pages : 226
Book Description
Econometric Modelling of Issues in Caribbean Economics and Finance
Author: Sang W. KimPublisher:
ISBN:
Category : Econometric models
Languages : en
Pages : 226
Book Description
Econometric modelling issues in Caribbean economies and finance
Author: Sang KimCurrent Economic and Financial Issues of the North American and Caribbean Countries
Author: Excerpt: Unleashing Growth and Strengthening Resilience in the Caribbean
Author: Mr.Krishna SrinivasanPublisher: International Monetary Fund
ISBN: 1484322150
Category : Business & Economics
Languages : en
Pages : 33
Book Description
This book provides a diagnosis of the central economic and financial challenges facing Caribbean policymakers and offers broad policy recommendations for promoting a sustained and inclusive increase in economic well-being. The analysis highlights the need for Caribbean economies to make a concerted effort to break the feedback loops between weak macroeconomic fundamentals, notably pertaining to fiscal positions and financial sector strains, and structural impediments, such as high electricity costs, limited financial deepening, violent crime, and brain drain, which have depressed private investment and growth. A recurring theme in the book is the need for greater regional coordination in finding solutions to address the Caribbean’s shared and intertwined macroeconomic and structural challenges. The analysis suggests that strengthening regional and global market integration of Caribbean economies would provide an impetus to sustained growth in incomes and jobs. Greater regional and global economic integration would also facilitate structural transformation and a shift toward new economic activities, resulting in more diversified and less vulnerable economies. A central challenge for the Caribbean is thus to come together as a region, overcome the limitations posed by size, and garner the benefits of globalization. Efforts should build on existing regional arrangements; accelerating progress in implementing these agreements would stimulate trade. Policymakers could also promote deeper integration with Latin America and the rest of the world by pursuing new trade agreements, leveraging current agreements more effectively, or deepening them to include areas beyond traditional trade issues, and developing port and transport infrastructure.
The Eastern Caribbean Economic and Currency Union
Author: Mr.Alfred SchipkePublisher: International Monetary Fund
ISBN: 1616352655
Category : Business & Economics
Languages : en
Pages : 546
Book Description
The Eastern Caribbean Economic and Currency Union (OECS/ECCU) is one of four currency unions in the world. As in other parts of the world in the aftermath of the global economic and financial crisis, the region is at a crossroads, facing the major challenges of creating jobs, making growth more inclusive, reforming the banking system, and managing volatility, while grappling with high public debt and persistent low economic growth. Policymakers have the critical task of implementing strong reforms to strengthen the monetary union while also laying the foundation for accelerating growth. This Handbook provides a comprehensive analysis of the key issues in the OECS/ECCU, including its organization and economic and financial sector linkages, and provides policy recommendations to foster economic growth.
The Practice of Economic Management
Author: Courtney BlackmanPublisher:
ISBN: 9789766372439
Category : Business & Economics
Languages : en
Pages : 422
Book Description
"The Caribbean region is not short of economic theories, both home-grown and imported, that attempt to explain and prescribe models for the development and management of their small fragile economies. From the writings of Nobel Laureat W. Arthur Lewis in the 1940s and 1950s, which advocated the use of international capital to advance the rapid industrialization of the region, to the prescriptions of the New World economists of the 1970s which urged Caribbean governments to delink their economies from metropoles and assume control of their indigenous resources, to the modern day neoliberal free market advocates all have claimed to be the correct models for Caribbean economic development and sustainability. Courtney Blackman rejects the ideological approaches of the Marxist/Radical left, the dependency model of the New Wold economists and the free market Washington Consensus . Instead, he puts forward with refreshing candour, incisive analysis and rare clarity of expression, in 22 lively essays, problem oriented and managerially practical policies that are rooted in Caribbean history, culture and interests. Three themes run consistently throughout the essays; first, the need to cultivate a culture of management; second, small states are inherently more manageable than large ones and the returns to superior management correspondingly greater; third, decision-makers in small states should not accept uncritically alien ideologies and theories, but should think for themselves and develop strategies rooted in their natural interests and aspirations. Combining deep understanding of economics and management with long and successful experience as a national economic and financial policymaker, Blackman s essays span a period of three decades and the validity of their premises can justifiably be claimed to have met the test of history. "
Public Finance in Small Open Economies
Author: Michael HowardPublisher: Bloomsbury Publishing USA
ISBN: 0313067333
Category : Business & Economics
Languages : en
Pages : 206
Book Description
This book presents an analysis of Caribbean fiscal problems, with particular emphasis on the relationship between high levels of public expenditure and balance of payments problems. The study examines deficit financing, public expenditure growth, and IMF stabilization policies. Other issues raised relate to income distribution and problems of taxation and tax reform. The work focuses on Jamaica, Guyana, Barbados, and Trinidad and Tobago. The economies of the Organization of Eastern Caribbean States are also considered. This work will interest scholars in economics and economic policy-making, especially those in developing countries.
Approaches and Methodologies Used in the Preparation of Economic Projections in Caribbean Countries
Author: Eastern Caribbean Currency Union
Author: International Monetary Fund. Western Hemisphere Dept.Publisher: International Monetary Fund
ISBN: 1498300162
Category : Business & Economics
Languages : en
Pages : 67
Book Description
This Selected Issues paper presents a quantification of the long-term benefits of ex-ante resilient investment and insurance needs against natural disasters (ND) in Eastern Caribbean Currency Union (ECCU). Cost-benefit analysis of resilient investment based on a dynamic stochastic general equilibrium model tailored to small states and calibrated to all ECCU economies is also discussed in the paper. The model’s aggregate production function illustrates the interaction among the participating sectors and their contribution to output, ultimately informing the role of resilient investment. The study also quantifies government insurance coverage needs and costs using an empirical stochastic model that simulates NDs fiscal costs. The insurance needs are framed within the World Bank insurance layering framework. The results in this paper underscore the importance of a shift from ex-post recovery to a focus on ex-ante resilience building. Ex-ante resilient investment and insurance are key to the welfare and financial sustainability of the ECCU, given high intensity and recurrence of NDs.
The Caribbean Economies in an Era of Free Trade
Author: Michael WitterPublisher: Routledge
ISBN: 1351147501
Category : Business & Economics
Languages : en
Pages : 304
Book Description
This book is concerned with the impact of economic globalization and an unregulated global market system on the Caribbean economies. The book is in three parts. Part I examines theoretical issues and includes an assessment of recent globalization trends, the limits of globalization, and the question of uneven development. Part II considers alternative policy solutions including interventionist alternatives, effective monetary strategies and innovative tourism strategies. Part III focuses on Jamaica and the Bahamas. Overall, this book provides a rich menu for alternative economic policies in the Caribbean at the turn of the century.