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Western Hemisphere > Dominica

You are looking at 1 - 4 of 4 items for :

  • Type: Journal Issue x
  • Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity x
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Cover IMF Staff Country Reports
St. Kitts and Nevis: Selected Issues
International Monetary Fund. Western Hemisphere Dept.
This Selected Issues paper reviews anecdotal evidence on labor market conditions and discusses policy options to strengthen the labor market and support growth in St. Kitts and Nevis. The diagnosis of labor market conditions reveals challenges and opportunities in wages, productivity, and labor allocation across sectors. These include strengthening jobs and growth opportunities across sectors, enhancing the wage setting system to support competitiveness, and increasing the efficiency of the public sector. Strong institutions are needed to effectively manage public sector wages over the medium term. Several institutional arrangements can facilitate this goal including regular comparison between public and private sector wages, regular wage negotiations as opposed to ad hoc adjustments, and using medium-term wage bill forecasting to support better fiscal outcomes. Labor market and growth policies could play a key role in strengthening jobs and growth in the post-coronavirus disease era, including by leveraging sectoral linkages to provide more diversified and higher quality job opportunities, enhancing labor market policies, and increasing the efficiency of the public sector.
Keywords:
C. climate change ADAPTATION; labor market diagnosis; staff team of the International Monetary Fund; D. wage policy; Policy implication; Public sector wages; Labor markets; Wages; Employment; Caribbean; Global
Cover IMF Working Papers
Government Wage Bill Management and Civil Service Reform in the Eastern Caribbean Currency Union
Mr. A. E. Wayne Mitchell
,
Ronald James
, and
Ann Marie Wickham
In this study, we assess the size of the government wage bill and employment in the member countries of the Eastern Caribbean Currency Union and their implications for fiscal sustainability and the adequacy of public service delivery. Over the period 2005 to 2015 their wage bill (as a percentage of GDP, government revenues and expenditures) is higher than in other small states notwithstanding recent efforts by governments to make it more manageable. The composition and distribution of employment is sub-optimal and is reflected in skills mismatches contributing to inefficiencies in public service delivery. Using a dynamic fixed-effects panel, we find that wage bill growth reflects the expansion of government activities to speed up economic and social development and that wage bill spending is procyclical in good times but is rigid during downturns. Finally, we identify the main institutional and legal reforms needed to improve wage bill management and public service efficiency.
Keywords:
WP; wage bill; bill management; bill indicator; bill spending; grid structure; IMF wage database; Public Wage Bill; Fiscal Sustainability; Employment; Institutional Reforms; ECCU; government wage growth; base wage; progression system; government employment; Wages; Public employment; Government wage bill; Wage adjustments; Caribbean
Cover IMF Staff Country Reports
Eastern Caribbean Currency Union: Selected Issues
International Monetary Fund
The objective of this paper is to analyze the growth performance of the ECCU countries since independence and the policy challenges they face to ensure sustained growth in the period ahead. Although tourism specialization may bring about higher growth, it could also increase volatility in growth by amplifying the impact of business cycles in source countries on the tourism sector. Low productivity growth is principally the reason for the slowdown in growth. High debt levels have been a major drag on growth.
Keywords:
ISCR; CR; ECCU country; GDP; ECCU Tourism; debt; Tourism competitiveness vis-á-vis; composition analysis; public debt debt ratio; public-debt-to GDP ratio; ECCU group; Tourism; Budget planning and preparation; Civil service; Caribbean; Global
Cover IMF Staff Country Reports
Antigua and Barbuda: Staff Report for the 2005 Article IV Consultation
International Monetary Fund
This 2005 Article IV Consultation highlights that data for the first half of 2005 point to a widening fiscal deficit for Antigua and Barbuda. A combination of a reduction in capital spending and some improvement in revenues following a tightening of the concessions regime resulted in a closing of the primary deficit to 1½ percent of GDP in 2004. Revenues have performed well following the reintroduction of the personal income tax. The external current account deficit has narrowed to about 11 percent of GDP, financed by foreign direct investment.
Keywords:
ISCR; CR; government; staff's GDP projection; staff appraisal; Policy development; private sector; government wish; government of Antigua and Barbuda; government hope; Arrears; Public sector; Civil service; Caribbean; Global