IDEAS home Printed from https://ideas.repec.org/p/imf/imfscr/2011-032.html

Eastern Caribbean Currency Union: Selected Issues

Author

Listed:
  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2011. "Eastern Caribbean Currency Union: Selected Issues," IMF Staff Country Reports 2011/032, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/032
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=24606
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Berg, Andrew & Ostry, Jonathan D. & Zettelmeyer, Jeromin, 2012. "What makes growth sustained?," Journal of Development Economics, Elsevier, vol. 98(2), pages 149-166.
    2. Marion Williams & Kyle Rudden & André Medici & Olivia S. Mitchell & Pietro Masci & P. Desmond Brunton & Derek M. Osborne & Euric Allan Bobb & Kenroy Dowers & Lawrence H. Thompson & Javier Díaz Cassou , 2005. "Workable Pension Systems: Reforms in the Caribbean," IDB Publications (Books), Inter-American Development Bank, number 3018 edited by Pietro Masci & P. Desmond Brunton, February.
    3. Eric A. Hanushek, "undated". "The Evidence on Class Size," Wallis Working Papers WP10, University of Rochester - Wallis Institute of Political Economy.
    4. palacios, Robert & Whitehouse, Edward, 2006. "Civil-service pension schemes around the world," Social Protection Discussion Papers and Notes 90340, The World Bank.
    5. International Monetary Fund, 2007. "Eastern Caribbean Currency Union: Selected Issues," IMF Staff Country Reports 2007/097, International Monetary Fund.
    6. Mr. Hunter K Monroe, 2009. "Can the Eastern Caribbean Currency Union Afford to Grow Old?," IMF Working Papers 2009/038, International Monetary Fund.
    7. repec:idb:brikps:3018 is not listed on IDEAS
    8. World Bank, 2005. "Latin America and the Caribbean : A Time to Choose, Caribbean Development in the 21st Century," World Bank Publications - Reports 8542, The World Bank Group.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. World Bank, 2010. "Strengthening Caribbean Pensions : Improving Equity and Sustainability," World Bank Publications - Reports 2847, The World Bank Group.
    2. Kar, Sabyasachi & Pritchett, Lant & Raihan, Selim & Sen, Kunal, 2013. "Looking for a break: Identifying transitions in growth regimes," Journal of Macroeconomics, Elsevier, vol. 38(PB), pages 151-166.
    3. Bottazzi, Laura & Lusardi, Annamaria, 2021. "Stereotypes in financial literacy: Evidence from PISA," Journal of Corporate Finance, Elsevier, vol. 71(C).
    4. Kevin S. Nell & Maria M. De Mello, 2019. "The interdependence between the saving rate and technology across regimes: evidence from South Africa," Empirical Economics, Springer, vol. 56(1), pages 269-300, January.
    5. Corak, Miles & Lauzon, Darren, 2009. "Differences in the distribution of high school achievement: The role of class-size and time-in-term," Economics of Education Review, Elsevier, vol. 28(2), pages 189-198, April.
    6. Bilin Neyapti, 2018. "Income distribution and economic crises," International Finance, Wiley Blackwell, vol. 21(3), pages 273-296, December.
    7. Alan B. Krueger, 2002. "Inequality, Too Much of a Good Thing," Working Papers 845, Princeton University, Department of Economics, Industrial Relations Section..
    8. International Monetary Fund, 2014. "Republic of Poland: Selected Issues Paper," IMF Staff Country Reports 2014/174, International Monetary Fund.
    9. Kunal Sen, 2015. "Growth versus distribution: revisiting the trade-off," Journal of Development Effectiveness, Taylor & Francis Journals, vol. 7(4), pages 471-483, December.
    10. Shinhye Chang & Rangan Gupta & Stephen M. Miller, 2018. "Causality Between Per Capita Real GDP and Income Inequality in the U.S.: Evidence from a Wavelet Analysis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 135(1), pages 269-289, January.
    11. Giovanni Dosi & Andrea Roventini & Emmanuele Russo, 2020. "Public Policies And The Art Of Catching Up," Working Papers hal-03242369, HAL.
    12. Marco Grasso & Luciano Canova, 2008. "An Assessment of the Quality of Life in the European Union Based on the Social Indicators Approach," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 87(1), pages 1-25, May.
    13. Olimpia Neagu, 2020. "Does Globalisation Promote Sustainable Development and an Equal Distribution of Income around the World? An Econometric and Ethical View," Book chapters-LUMEN Proceedings, in: Adriana Grigorescu & Valentin Radu (ed.), 1st International Conference Global Ethics - Key of Sustainability (GEKoS), edition 1, volume 11, chapter 7, pages 56-64, Editura Lumen.
    14. Kerekes, Monika, 2007. "Analyzing patterns of economic growth: a production frontier approach," Discussion Papers 2007/15, Free University Berlin, School of Business & Economics.
    15. Charnikat, Charnikat & Masih, Mansur, 2016. "Granger-causal relationship between real exchange rate and economic growth: Malaysia as a case study," MPRA Paper 108939, University Library of Munich, Germany.
    16. Giovanni Dosi & Andrea Roventini & Emanuele Russo, 2021. "Public policies and the art of catching up: matching the historical evidence with a multicountry agent-based model [Catching up, forging ahead, and falling behind]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 30(4), pages 1011-1036.
    17. Dickson, Matt & Postel-Vinay, Fabien & Turon, Hélène, 2014. "The lifetime earnings premium in the public sector: The view from Europe," Labour Economics, Elsevier, vol. 31(C), pages 141-161.
    18. World Bank, 2022. "Inequality in Southern Africa," World Bank Publications - Reports 37283, The World Bank Group.
    19. Bluhm, Richard & Thomsson, Kaj, 2020. "Holding on? Ethnic divisions, political institutions and the duration of economic declines," Journal of Development Economics, Elsevier, vol. 144(C).
    20. Almeida, Rita & Carneiro, Pedro, 2009. "Enforcement of labor regulation and firm size," Journal of Comparative Economics, Elsevier, vol. 37(1), pages 28-46, March.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfscr:2011/032. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.