The small states of the Asia and Pacific region face unique challenges in raising their growth potential and living … access to credit by the private sector is an impediment to inclusive growth. Capacity constraints are another key challenge …

This Selected Issues paper examines macroeconomic challenges for a highly tourism-based economy such as Cape Verde. The …

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 …

fiscal and structural policies. The paper looks at trends and how developments in the tourism industry have contributed to …

growth and help reduce a country’s economic vulnerability. Growth in Seychelles has been volatile and underperformed most …. Seychelles’s expenditure composition is most similar to that of low-growth small states. …

Rodriguez and Rodrik (2000) argue that the relation between openness and growth is still an open question. One of the … paper applies the identification through heteroskedasticity methodology to estimate the effect of openness on growth while … properly controlling for the effect of growth on openness. The results suggest that openness would have a positive effect on …