A sectoral analysis of Barbados’ GDP business cycle
AbstractThis paper has two main objectives. Firstly, to establish and characterise a reference cycle (based on real output) for Barbados over the quarterly period 1974-2003 using the Bry and Boschan algorithm. Secondly, to link this aggregate output cycle to the cycles of the individual sectors that comprises real output. The overriding conclusions are that the cycles of tourism and wholesale and retail closely resembles that of the aggregate business cycle, while the non-sugar agriculture and fishing cycle is acyclical.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 33428.
Date of creation: Mar 2007
Date of revision:
Publication status: Published in Journal of Eastern Caribbean Studies 1.32(2007): pp. 21-52
Barbados; Gross Domestic Product; Business Cycle;
Find related papers by JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
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