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tourism, transport, sports and culture; (2) limit VAT refunds to local government to services that could be outsourced; (3 … neither inelastic demand nor negative externalities do not meet the criteria for special excise taxation. • If the sugar tax … is sufficient to discourage their consumption. Alternatively, repeal the sugar tax and move sweetened products to the top …
Persistent link: https://www.econbiz.de/10011245529
This 2006 Article IV Consultation highlights that despite the closure of the sugar industry, economic growth in St …
Persistent link: https://www.econbiz.de/10011243143
Guyana has weathered the impact of the global crisis well by regional and global standards. The current account deficit declined by 5 percent of GDP (to 8.5 percent of GDP), largely led by a reduction in imports, particularly of fuel. Macroeconomic policies have remained prudent. Monetary policy...
Persistent link: https://www.econbiz.de/10011243585
The aim is to analyze the main channels of transmission for shocks from the global economy to Guyana and assess their specific spillover magnitudes. The paper documents the transmission channels of external shocks to the real economy and the financial sector, citing magnitudes and risks. It then...
Persistent link: https://www.econbiz.de/10011243927
sugar and textiles is the looming issue of remaining competitive in a quickly changing global environment. The statistics on …
Persistent link: https://www.econbiz.de/10011244132
This Selected Issues paper analyzes the surprising strength of remittances in Bangladesh and other countries in South Asia and the Philippines in 2009. The empirical analysis suggests that the continued strong growth of remittances in these countries is related to the resilience of non-oil GDP...
Persistent link: https://www.econbiz.de/10011245440
This paper quantifies the magnitude and nature of migration flows from the Caribbean and estimates their costs and … migration rates are particularly striking for the highskilled. Many countries have lost more than 70 percent of their labor … in 2002. Simple welfare calculations suggest that the losses due to high-skill migration (ceteris paribus) outweigh the …
Persistent link: https://www.econbiz.de/10005248304
This paper tests the association between the Gulf Cooperation Council (GCC) countries' financial and remittance outflows and regional growth in the Middle East. The findings, based on 35-year panel data, indicate that growth rates of real GDP, private consumption and private investment in...
Persistent link: https://www.econbiz.de/10005263780
Workers' remittances are often argued to have a tendency to move countercyclically with the GDP in recipient countries since migrant workers are expected to remit more during down cycles of economic activity back home. Yet, how much to remit is a complex decision involving other factors, and...
Persistent link: https://www.econbiz.de/10005263962
significant negative effect on output convergence?by discouraging migration within Canada?the Equalization transfers may have …
Persistent link: https://www.econbiz.de/10005264150