Caribbean growth in an international perspective :: the Role of Tourism and Size /
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 perspectiv...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
|
| Schriftenreihe: | IMF working paper ;
WP/12/235. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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. |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed Sept. 28, 2012). "Western Hemisphere Department." "September 2012." |
| Beschreibung: | 1 online resource (35 pages). |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 9781475512083 1475512082 9781475510898 1475510896 9781475512069 1475512066 1475512074 9781475512076 |
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| 100 | 1 | |a Thacker, Nita. |0 http://id.loc.gov/authorities/names/no98077512 | |
| 245 | 1 | 0 | |a Caribbean growth in an international perspective : |b the Role of Tourism and Size / |c prepared by Nita Thacker, Sebastian Acevedo, and Roberto Perrelli. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2012. | ||
| 300 | |a 1 online resource (35 pages). | ||
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| 500 | |a Title from PDF title page (IMF Web site, viewed Sept. 28, 2012). | ||
| 520 | |a 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. | ||
| 504 | |a Includes bibliographical references. | ||
| 500 | |a "Western Hemisphere Department." | ||
| 500 | |a "September 2012." | ||
| 505 | 0 | |a Cover; Contents; I. Introduction; II. Catching Up or Falling Behind? A Caribbean Tale; Figures; Figure 1. Caribbean: Ratio of Per capita GDP (PPP) to Relevant Comparators, 1970-2009; III. Accounting for Growth in the Caribbean; A. Analytical Framework; B. Growth Accounting Results; Figure 2. ECCU: Contributions to Growth, 1970-2007; Figure 3. Other Caribbean: Contributions to Growth, 1970-2007; C. Level Accounting Results; IV. The Tourism and Growth Nexus in the Caribbean; A.A Brief Review of the Literature; B. The Proposed Econometric Approach; C. The Impact of Tourism on Growth Levels. | |
| 505 | 8 | |a Figure 4. Caribbean: Factors Contributing to Caribbean Growth vis-à-vis the WorldD. The Impact of Tourism on Growth Volatility; E. Tourism, Size and Growth Accounting; V. Concluding Remarks; References; Appendix: Data and Variables; Tables; Table 1. ECCU: Growth Accounting 1970-2007; Table 2. Other Caribbean: Growth Accounting 1970-2007; Table 3. ECCU: Output Growth and its Components: Ratio to Barbados Values, 1970-2007; Table 4. Other Caribbean: Output Growth and its Components: Ratio to Barbados Values, 1970-2007. | |
| 505 | 8 | |a Table 5. ECCU: Output Growth and its Components: Ratio to U.S. Values, 1970-2007Table 6. Other Caribbean: Output Growth and its Components: Ratio to U.S. Values, 1970-2007; Table 7. Tourism and Growth Estimations; Table 8. Tourism and Small Islands Interaction Estimations; Table 9. Tourism and Growth Estimations Robustness; Table 10. Growth Volatility Estimations; Table 11. Growth Accounting Estimations; Table 12. List of Countries. | |
| 546 | |a English. | ||
| 650 | 0 | |a Economic development |z Caribbean Area. | |
| 650 | 0 | |a Tourism |z Caribbean Area. | |
| 650 | 0 | |a Industrial productivity |z Caribbean Area. | |
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| 650 | 6 | |a Productivité |z Caraïbes (Région) | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Economics |x General. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Reference. |2 bisacsh | |
| 650 | 7 | |a Economic development |2 fast | |
| 650 | 7 | |a Industrial productivity |2 fast | |
| 650 | 7 | |a Tourism |2 fast | |
| 651 | 7 | |a Caribbean Area |2 fast | |
| 650 | 1 | 7 | |a tourism. |2 ilot |
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| 651 | 7 | |a Caribbean. |2 ilot | |
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| 700 | 1 | |a Perrelli, Roberto. | |
| 710 | 2 | |a International Monetary Fund. |b Western Hemisphere Department. |0 http://id.loc.gov/authorities/names/n82237138 | |
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| author | Thacker, Nita |
| author2 | Acevedo, S. (Sebastian) Perrelli, Roberto |
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| author_GND | http://id.loc.gov/authorities/names/no98077512 http://id.loc.gov/authorities/names/no2011096736 |
| author_corporate | International Monetary Fund. Western Hemisphere Department |
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| author_facet | Thacker, Nita Acevedo, S. (Sebastian) Perrelli, Roberto International Monetary Fund. Western Hemisphere Department |
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| contents | Cover; Contents; I. Introduction; II. Catching Up or Falling Behind? A Caribbean Tale; Figures; Figure 1. Caribbean: Ratio of Per capita GDP (PPP) to Relevant Comparators, 1970-2009; III. Accounting for Growth in the Caribbean; A. Analytical Framework; B. Growth Accounting Results; Figure 2. ECCU: Contributions to Growth, 1970-2007; Figure 3. Other Caribbean: Contributions to Growth, 1970-2007; C. Level Accounting Results; IV. The Tourism and Growth Nexus in the Caribbean; A.A Brief Review of the Literature; B. The Proposed Econometric Approach; C. The Impact of Tourism on Growth Levels. Figure 4. Caribbean: Factors Contributing to Caribbean Growth vis-à-vis the WorldD. The Impact of Tourism on Growth Volatility; E. Tourism, Size and Growth Accounting; V. Concluding Remarks; References; Appendix: Data and Variables; Tables; Table 1. ECCU: Growth Accounting 1970-2007; Table 2. Other Caribbean: Growth Accounting 1970-2007; Table 3. ECCU: Output Growth and its Components: Ratio to Barbados Values, 1970-2007; Table 4. Other Caribbean: Output Growth and its Components: Ratio to Barbados Values, 1970-2007. Table 5. ECCU: Output Growth and its Components: Ratio to U.S. Values, 1970-2007Table 6. Other Caribbean: Output Growth and its Components: Ratio to U.S. Values, 1970-2007; Table 7. Tourism and Growth Estimations; Table 8. Tourism and Small Islands Interaction Estimations; Table 9. Tourism and Growth Estimations Robustness; Table 10. Growth Volatility Estimations; Table 11. Growth Accounting Estimations; Table 12. List of Countries. |
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| dewey-ones | 330 - Economics |
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| dewey-search | 330.9729 |
| dewey-sort | 3330.9729 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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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.</subfield></datafield><datafield tag="504" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references.</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">"Western Hemisphere Department."</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">"September 2012."</subfield></datafield><datafield tag="505" ind1="0" ind2=" "><subfield code="a">Cover; Contents; I. Introduction; II. Catching Up or Falling Behind? A Caribbean Tale; Figures; Figure 1. Caribbean: Ratio of Per capita GDP (PPP) to Relevant Comparators, 1970-2009; III. Accounting for Growth in the Caribbean; A. Analytical Framework; B. Growth Accounting Results; Figure 2. ECCU: Contributions to Growth, 1970-2007; Figure 3. Other Caribbean: Contributions to Growth, 1970-2007; C. 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Other Caribbean: Output Growth and its Components: Ratio to U.S. Values, 1970-2007; Table 7. Tourism and Growth Estimations; Table 8. Tourism and Small Islands Interaction Estimations; Table 9. Tourism and Growth Estimations Robustness; Table 10. Growth Volatility Estimations; Table 11. Growth Accounting Estimations; Table 12. 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| genre | IMF pub. ilot pub FMI. tbit pub FMI. toit |
| genre_facet | IMF pub. pub FMI. |
| geographic | Caribbean Area fast Caribbean. ilot Caraïbes. tbit Caribe. toit |
| geographic_facet | Caribbean Area Caribbean. Caraïbes. Caribe. |
| id | ZDB-4-EBU-ocn811354352 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:49:07Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/n82237138 |
| isbn | 9781475512083 1475512082 9781475510898 1475510896 9781475512069 1475512066 1475512074 9781475512076 |
| language | English |
| oclc_num | 811354352 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (35 pages). |
| psigel | ZDB-4-EBU |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF working paper ; |
| spelling | Thacker, Nita. http://id.loc.gov/authorities/names/no98077512 Caribbean growth in an international perspective : the Role of Tourism and Size / prepared by Nita Thacker, Sebastian Acevedo, and Roberto Perrelli. [Washington, D.C.] : International Monetary Fund, ©2012. 1 online resource (35 pages). text txt rdacontent computer c rdamedia online resource cr rdacarrier data file rda IMF working paper ; WP/235 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." Cover; Contents; I. Introduction; II. Catching Up or Falling Behind? A Caribbean Tale; Figures; Figure 1. Caribbean: Ratio of Per capita GDP (PPP) to Relevant Comparators, 1970-2009; III. Accounting for Growth in the Caribbean; A. Analytical Framework; B. Growth Accounting Results; Figure 2. ECCU: Contributions to Growth, 1970-2007; Figure 3. Other Caribbean: Contributions to Growth, 1970-2007; C. Level Accounting Results; IV. The Tourism and Growth Nexus in the Caribbean; A.A Brief Review of the Literature; B. The Proposed Econometric Approach; C. The Impact of Tourism on Growth Levels. Figure 4. Caribbean: Factors Contributing to Caribbean Growth vis-à-vis the WorldD. The Impact of Tourism on Growth Volatility; E. Tourism, Size and Growth Accounting; V. Concluding Remarks; References; Appendix: Data and Variables; Tables; Table 1. ECCU: Growth Accounting 1970-2007; Table 2. Other Caribbean: Growth Accounting 1970-2007; Table 3. ECCU: Output Growth and its Components: Ratio to Barbados Values, 1970-2007; Table 4. Other Caribbean: Output Growth and its Components: Ratio to Barbados Values, 1970-2007. Table 5. ECCU: Output Growth and its Components: Ratio to U.S. Values, 1970-2007Table 6. Other Caribbean: Output Growth and its Components: Ratio to U.S. Values, 1970-2007; Table 7. Tourism and Growth Estimations; Table 8. Tourism and Small Islands Interaction Estimations; Table 9. Tourism and Growth Estimations Robustness; Table 10. Growth Volatility Estimations; Table 11. Growth Accounting Estimations; Table 12. List of Countries. English. Economic development Caribbean Area. Tourism Caribbean Area. Industrial productivity Caribbean Area. Développement économique Caraïbes (Région) Productivité Caraïbes (Région) BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh Economic development fast Industrial productivity fast Tourism fast Caribbean Area fast tourism. ilot tourism development. ilot economic growth. ilot Caribbean. ilot tourisme. tbit développement touristique. tbit croissance économique. tbit Caraïbes. tbit turismo. toit desarrollo turístico. toit crecimiento económico. toit Caribe. toit IMF pub. ilot pub FMI. tbit pub FMI. toit Acevedo, S. (Sebastian) https://id.oclc.org/worldcat/entity/E39PCjMkY4Vkhkr7GfwW689CcP http://id.loc.gov/authorities/names/no2011096736 Perrelli, Roberto. International Monetary Fund. Western Hemisphere Department. http://id.loc.gov/authorities/names/n82237138 has work: Caribbean growth in an international perspective (Text) https://id.oclc.org/worldcat/entity/E39PCGDGDjgTVgRhBhm8hVTpMX https://id.oclc.org/worldcat/ontology/hasWork 1-4755-1208-2 1-4755-1089-6 IMF working paper ; WP/12/235. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568132 Volltext |
| spellingShingle | Thacker, Nita Caribbean growth in an international perspective : the Role of Tourism and Size / IMF working paper ; Cover; Contents; I. Introduction; II. Catching Up or Falling Behind? A Caribbean Tale; Figures; Figure 1. Caribbean: Ratio of Per capita GDP (PPP) to Relevant Comparators, 1970-2009; III. Accounting for Growth in the Caribbean; A. Analytical Framework; B. Growth Accounting Results; Figure 2. ECCU: Contributions to Growth, 1970-2007; Figure 3. Other Caribbean: Contributions to Growth, 1970-2007; C. Level Accounting Results; IV. The Tourism and Growth Nexus in the Caribbean; A.A Brief Review of the Literature; B. The Proposed Econometric Approach; C. The Impact of Tourism on Growth Levels. Figure 4. Caribbean: Factors Contributing to Caribbean Growth vis-à-vis the WorldD. The Impact of Tourism on Growth Volatility; E. Tourism, Size and Growth Accounting; V. Concluding Remarks; References; Appendix: Data and Variables; Tables; Table 1. ECCU: Growth Accounting 1970-2007; Table 2. Other Caribbean: Growth Accounting 1970-2007; Table 3. ECCU: Output Growth and its Components: Ratio to Barbados Values, 1970-2007; Table 4. Other Caribbean: Output Growth and its Components: Ratio to Barbados Values, 1970-2007. Table 5. ECCU: Output Growth and its Components: Ratio to U.S. Values, 1970-2007Table 6. Other Caribbean: Output Growth and its Components: Ratio to U.S. Values, 1970-2007; Table 7. Tourism and Growth Estimations; Table 8. Tourism and Small Islands Interaction Estimations; Table 9. Tourism and Growth Estimations Robustness; Table 10. Growth Volatility Estimations; Table 11. Growth Accounting Estimations; Table 12. List of Countries. Economic development Caribbean Area. Tourism Caribbean Area. Industrial productivity Caribbean Area. Développement économique Caraïbes (Région) Productivité Caraïbes (Région) BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh Economic development fast Industrial productivity fast Tourism fast tourism. ilot tourism development. ilot economic growth. ilot tourisme. tbit développement touristique. tbit croissance économique. tbit turismo. toit desarrollo turístico. toit crecimiento económico. toit |
| title | Caribbean growth in an international perspective : the Role of Tourism and Size / |
| title_auth | Caribbean growth in an international perspective : the Role of Tourism and Size / |
| title_exact_search | Caribbean growth in an international perspective : the Role of Tourism and Size / |
| title_full | Caribbean growth in an international perspective : the Role of Tourism and Size / prepared by Nita Thacker, Sebastian Acevedo, and Roberto Perrelli. |
| title_fullStr | Caribbean growth in an international perspective : the Role of Tourism and Size / prepared by Nita Thacker, Sebastian Acevedo, and Roberto Perrelli. |
| title_full_unstemmed | Caribbean growth in an international perspective : the Role of Tourism and Size / prepared by Nita Thacker, Sebastian Acevedo, and Roberto Perrelli. |
| title_short | Caribbean growth in an international perspective : |
| title_sort | caribbean growth in an international perspective the role of tourism and size |
| title_sub | the Role of Tourism and Size / |
| topic | Economic development Caribbean Area. Tourism Caribbean Area. Industrial productivity Caribbean Area. Développement économique Caraïbes (Région) Productivité Caraïbes (Région) BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh Economic development fast Industrial productivity fast Tourism fast tourism. ilot tourism development. ilot economic growth. ilot tourisme. tbit développement touristique. tbit croissance économique. tbit turismo. toit desarrollo turístico. toit crecimiento económico. toit |
| topic_facet | Economic development Caribbean Area. Tourism Caribbean Area. Industrial productivity Caribbean Area. Développement économique Caraïbes (Région) Productivité Caraïbes (Région) BUSINESS & ECONOMICS Economics General. BUSINESS & ECONOMICS Reference. Economic development Industrial productivity Tourism Caribbean Area tourism. tourism development. economic growth. Caribbean. tourisme. développement touristique. croissance économique. Caraïbes. turismo. desarrollo turístico. crecimiento económico. Caribe. IMF pub. pub FMI. |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568132 |
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