04054nam 2200625Ia 450 991046197780332120200520144314.01-4755-1207-41-4755-1206-6(CKB)2670000000278935(EBL)1607007(SSID)ssj0000943350(PQKBManifestationID)11502966(PQKBTitleCode)TC0000943350(PQKBWorkID)10975530(PQKB)10335463(MiAaPQ)EBC1607007(Au-PeEL)EBL1607007(CaPaEBR)ebr10627156(OCoLC)870245065(EXLCZ)99267000000027893520121206d2012 uy 0engurcn|||||||||txtccrCaribbean growth in an international perspective[electronic resource] the role of tourism and size /Nita Thacker, Sebastian Acevedo, and Roberto PerrelliWashington, D.C. International Monetary Fundc20121 online resource (36 p.)IMF working paper ;WP/12/235Description based upon print version of record.1-4755-1208-2 1-4755-1089-6 Includes bibliographical references.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 LevelsFigure 4. Caribbean: Factors Contributing to Caribbean Growth vis-à-vis the World D. 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, 1970-2007Table 5. ECCU: Output Growth and its Components: Ratio to U.S. Values, 1970-2007 Table 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 CountriesAfter earlier success, growth performance in most Caribbean countries has been disappointing since the early 1990's. 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 manIMF Working PapersTourismCaribbean AreaEconomic developmentCaribbean AreaElectronic books.TourismEconomic developmentThacker Nita996919Acevedo Sebastían996920Perrelli Roberto996921MiAaPQMiAaPQMiAaPQBOOK9910461977803321Caribbean growth in an international perspective2285984UNINA