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...

This paper studies the role of airlift supply on the tourism sector in the Caribbean. The paper examines the relative importance of U.S.-Caribbean airlift supply factors such as the number of flights, seats, airlines, and departure cities on U.S. tourist arrivals. The possible endogeneity...

The impact of the global 2008 crisis on the Organization of Eastern Caribbean States (OECS) economies was significant and has lingered on until today. The main priority of OECS governments is to enable a resumption in growth in a more sustainable, inclusive and resilient manner. As an important...

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...

The discussion about the relevance of state intervention in the market has been recurring in the history of economic thought. But tourism is another example that regulation is not only necessary, but fundamental to correct the asymmetries of a market that is far from fulfilling the assumptions...

The growth of the tourist industry in the Caribbean is a rich and varied success story. For the most part it has been a story of private enterprise, with the providers of tourism services pricing their services in line with the quality of service on offer, and, for a majority of countries,...

This paper studies recent developments in tourism in the East Caribbean countries (ECC) and reviews government policies to support tourism. The paper also presents a model to explain the movements of tourist arrivals to the region during 1970-86. The estimated model is used to project future...

An opening of Cuba to U.S. tourism would represent a seismic shift in the Caribbean's tourism industry. This study models the impact of such a potential opening by estimating a counterfactual that captures the current bilateral restriction on tourism between the two countries. After controlling...

Every discussion of the Caribbean states considers their characteristics as sea-locked countries, small economies, highly vulnerable to natural disasters, and a geographic platform that calls for regional cooperation and integration. The Caribbean Sea is the most important vehicle and the most...