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The Challenge of Diversification in the Caribbean

The Challenge of Diversification in the Caribbean »

Source: The Challenge of Diversification in the Caribbean

Volume/Issue: 2002/196

Series: IMF Working Papers

Author(s): A. Salehizadeh , Peter Berezin , and Elcior Santana

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2002

ISBN: 9781451859973

Keywords: growth, diversification, risk-sharing, export earnings, service exports, aggregate consumption, export diversification, trade liberalization, General,

It is typically assumed that countries in the Caribbean suffer from a lack of output and export diversification. Contrary to this popular perception, we find no evidence that output variability is higher in Caribbe...

Emigration and Brain Drain

Emigration and Brain Drain »

Source: Emigration and Brain Drain : Evidence From the Caribbean

Volume/Issue: 2006/25

Series: IMF Working Papers

Author(s): Prachi Mishra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2006

ISBN: 9781451862850

Keywords: Emigration, Caribbean, remittances, migration, labor force, labor demand

This paper quantifies the magnitude and nature of migration flows from the Caribbean and estimates their costs and benefits. The Caribbean countries have lost 10-40 percent of their labor force due to emigration to...

Flying to Paradise

Flying to Paradise »

Source: Flying to Paradise

Volume/Issue: 2016/33

Series: IMF Working Papers

Author(s): Sebastian Acevedo Mejia , Lu Han , Marie Kim , and Nicole Laframboise

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2016

ISBN: 9781498375108

Keywords: airlift supply factors, tourist, tourist arrivals, airlines, tourists, Time-Series Models, Models with Panel Data,, Aviation, Caribbean, United States

This paper studies the role of airlift supply on the tourism sector in the Caribbean. The paper examines the relative importance of U.S.-Caribbean airlift supply factors such as the number of flights, seats, airlin...

Emigration and Brain Drain
			: Evidence From the Caribbean

Emigration and Brain Drain : Evidence From the Caribbean »

Volume/Issue: 2006/25

Series: IMF Working Papers

Author(s): Prachi Mishra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2006

DOI: http://dx.doi.org/10.5089/9781451862850.001

ISBN: 9781451862850

Keywords: Emigration, Caribbean, remittances, migration, labor force, labor demand

This paper quantifies the magnitude and nature of migration flows from the Caribbean and estimates their costs and benefits. The Caribbean countries have lost 10-40 percent of their labor force due to emigration to...

Flying to Paradise

Flying to Paradise »

Volume/Issue: 2016/33

Series: IMF Working Papers

Author(s): Sebastian Acevedo Mejia , Lu Han , Marie Kim , and Nicole Laframboise

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2016

DOI: http://dx.doi.org/10.5089/9781498375108.001

ISBN: 9781498375108

Keywords: airlift supply factors, tourist, tourist arrivals, airlines, tourists, Time-Series Models, Models with Panel Data,, Aviation, Caribbean, United States

This paper studies the role of airlift supply on the tourism sector in the Caribbean. The paper examines the relative importance of U.S.-Caribbean airlift supply factors such as the number of flights, seats, airlin...

Interest Rate Spreads in the Eastern Caribbean

Interest Rate Spreads in the Eastern Caribbean »

Volume/Issue: 1998/59

Series: IMF Working Papers

Author(s): Ruby Randall

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1998

DOI: http://dx.doi.org/10.5089/9781451847918.001

ISBN: 9781451847918

Keywords: ECCB, Eastern Caribbean, interest rate spreads, commercial bank costs, banking, deposit rate, banking industry, savings deposits, deposit rates

This paper examines interest rate spreads in the Eastern Caribbean and seeks to explain why they are persistently high by comparison with other low-inflation countries. The paper concludes that operating costs appe...

What is Really Good for Long-Term Growth? Lessons from a Binary Classification Tree (BCT) Approach

What is Really Good for Long-Term Growth? Lessons from a Binary Classification Tree (BCT) Approach »

Volume/Issue: 2008/263

Series: IMF Working Papers

Author(s): Rupa Duttagupta , and Montfort Mlachila

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2008

DOI: http://dx.doi.org/10.5089/9781451871210.001

ISBN: 9781451871210

Keywords: Binary Classification Tree, population density, terms of trade, trade growth, life expectancy, school enrollment,

Although the economic growth literature has come a long way since the Solow-Swan model of the fifties, there is still considerable debate on the "real' or "deep" determinants of growth. This paper revisits the ques...

Public Investment and Growth in the Eastern Caribbean

Public Investment and Growth in the Eastern Caribbean »

Volume/Issue: 2007/124

Series: IMF Working Papers

Author(s): Shaun Roache

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2007

DOI: http://dx.doi.org/10.5089/9781451866889.001

ISBN: 9781451866889

Keywords: growth, rate of return, private investment, private capital, capital expenditure,

This paper quantifies the effect of public investment on growth in the ECCU. The results, emerging from panel vector autoregressions, indicate that the return on public investment, as defined by Perreira (2000), is...

Sovereign Debt Defaults and Financing Needs

Sovereign Debt Defaults and Financing Needs »

Volume/Issue: 2004/53

Series: IMF Working Papers

Author(s): Miguel Messmacher , and Mark Kruger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2004

DOI: http://dx.doi.org/10.5089/9781451847413.001

ISBN: 9781451847413

Keywords: early warning indicators, probability, debt service, current account, correlation, probabilities, Macroeconomic Aspects of International Trade and Finance, Financial Institutions and Services,

We construct a financial vulnerability indicator that is consistent with the theoretical literature on determinants of defaults. It is based on the amount of new foreign financing that is needed to avoid a default...

The Impact of Preference Erosionon Middle-Income Developing Countries

The Impact of Preference Erosionon Middle-Income Developing Countries »

Volume/Issue: 2004/169

Series: IMF Working Papers

Author(s): Hans Lankes , and Katerina Alexandraki

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2004

DOI: http://dx.doi.org/10.5089/9781451858372.001

ISBN: 9781451858372

Keywords: preferences, preference erosion, exporters, export supply, preferential access, Agriculture in International Trade,

Preference erosion has become an obstacle to multilateral trade liberalization, as beneficiaries of trade preferences have an incentive to resist reductions in mostfavored- nation (MFN) tariffs. This study identifi...