Caribbean growth in an international perspective [electronic resource] : The Role of Tourism and Size / prepared by Nita Thacker, Sebastian Acevedo, and Roberto Perrelli.

By:

Thacker, Nita

Contributor(s):

Material type: Text

TextSeries: IMF working paper ; WP/12/235.Publication details: [Washington, D.C.] : International Monetary Fund, c2012.Description: 1 online resource (35 p.)ISBN:

9781475512083 (electronic bk.)
1475512082 (electronic bk.)

Subject(s):

Genre/Form:

Electronic books.

DDC classification:

330.9729 23

LOC classification:

HC151 .T43 2012eb

Online resources:

EBSCOhost

Summary: After earlier success, growth performance in most Caribbean countries has been disappointing since the early 1990s. With slower growth, output has fallen behind that of relevant comparator countries. This paper analyzes the growth experience of the Caribbean countries from a cross country perspective. Three findings stand out. First, the slowdown in growth is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant contributor to higher growth (through both capital accumulation and productivity) and lower output volatility, and in many countries there is scope for further expansion of this sector. Third, the small size and the fact that most of these countries are islands have limited growth. Policies aimed at improving productivity, further development of the tourism sector, and regional integration could pay dividends in terms of higher growth in the region.

Holdings ( 1 )
Title notes ( 5 )

Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode	Item holds
eBook	e-Library	EBSCO Business		Available

Total holds: 0

Title from PDF title page (IMF Web site, viewed Sept. 28, 2012).

After earlier success, growth performance in most Caribbean countries has been disappointing since the early 1990s. With slower growth, output has fallen behind that of relevant comparator countries. This paper analyzes the growth experience of the Caribbean countries from a cross country perspective. Three findings stand out. First, the slowdown in growth is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant contributor to higher growth (through both capital accumulation and productivity) and lower output volatility, and in many countries there is scope for further expansion of this sector. Third, the small size and the fact that most of these countries are islands have limited growth. Policies aimed at improving productivity, further development of the tourism sector, and regional integration could pay dividends in terms of higher growth in the region.

Includes bibliographical references.

"Western Hemisphere Department."

"September 2012."