LEADER 04054nam 2200625Ia 450 001 9910461977803321 005 20200520144314.0 010 $a1-4755-1207-4 010 $a1-4755-1206-6 035 $a(CKB)2670000000278935 035 $a(EBL)1607007 035 $a(SSID)ssj0000943350 035 $a(PQKBManifestationID)11502966 035 $a(PQKBTitleCode)TC0000943350 035 $a(PQKBWorkID)10975530 035 $a(PQKB)10335463 035 $a(MiAaPQ)EBC1607007 035 $a(Au-PeEL)EBL1607007 035 $a(CaPaEBR)ebr10627156 035 $a(OCoLC)870245065 035 $a(EXLCZ)992670000000278935 100 $a20121206d2012 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aCaribbean growth in an international perspective$b[electronic resource] $ethe role of tourism and size /$fNita Thacker, Sebastian Acevedo, and Roberto Perrelli 210 $aWashington, D.C. $cInternational Monetary Fund$dc2012 215 $a1 online resource (36 p.) 225 0$aIMF working paper ;$vWP/12/235 300 $aDescription based upon print version of record. 311 $a1-4755-1208-2 311 $a1-4755-1089-6 320 $aIncludes bibliographical references. 327 $aCover; 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 327 $aFigure 4. Caribbean: Factors Contributing to Caribbean Growth vis-a?-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, 1970-2007 327 $aTable 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 Countries 330 $aAfter earlier success, growth performance in most Caribbean countries has been disappointing since the early 1990's. With slower growth, output has fallen behind that of relevant comparator countries. This paper analyzes the growth experience of the Caribbean countries from a cross country perspective. Three findings stand out. First, the slowdown in growth is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant contributor to higher growth (through both capital accumulation and productivity) and lower output volatility, and in man 410 0$aIMF Working Papers 606 $aTourism$zCaribbean Area 606 $aEconomic development$zCaribbean Area 608 $aElectronic books. 615 0$aTourism 615 0$aEconomic development 700 $aThacker$b Nita$0996919 701 $aAcevedo$b Sebasti?an$0996920 701 $aPerrelli$b Roberto$0996921 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910461977803321 996 $aCaribbean growth in an international perspective$92285984 997 $aUNINA