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Perfect storm : climate change and tourism
Cevik, Serhan; Ghazanchyan, Manuk - 2020
panel of 15 Caribbean countries over the period 1995-2017. Empirical results show that climate vulnerability already has a … events are becoming more frequent and severe over time, our findings indicate that the Caribbean countries need to pursue …
Persistent link: https://www.econbiz.de/10012392570
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Explaining high unemployment in ECCU countries
James, Ronald; Lafeuillee, Jemma; Li, Xin; Salinas, Gonzalo - 2019
In recent years, unemployment rates in some ECCU countries have been among the highest globally. This paper evaluates several factors that could explain them, finding that high unit labor costs, in a context of strong unionization, are significantly associated with high structural unemployment,...
Persistent link: https://www.econbiz.de/10012102104
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Is the whole greater than the sum of its parts? : strengthening Caribbean regional integration
Al-Hassan, Abdullah; Burfisher, Mary E.; Chow, Julian T. S. - 2020
Deeper economic integration within the Caribbean has been a regional policy priority since the establishment of the … Caribbean Community (CARICOM) and the decision to create the Caribbean Single Market and Economy (CSME). Implementation of …' has led to skepticism about completing the CSME and controversy regarding its benefits. This paper analyzes how Caribbean …
Persistent link: https://www.econbiz.de/10012170091
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Financial conditions and growth at risk in the ECCU
Brito, Steve; Komatsuzaki, Takuji - 2019
We study the growth determinants in the Eastern Caribbean Currency Union (ECCU), using the Growth at Risk (GaR …
Persistent link: https://www.econbiz.de/10012154744
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Fiscal decentralization and the efficiency of public service delivery
Sow, Moussé Ndoye; Razafimahefa, Ivohasina Fizara - 2015
Persistent link: https://www.econbiz.de/10011281949
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Public debt through the ages
Eichengreen, Barry; ElGanainy, Asmaa Adel; Esteves, Rui … - 2019
We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved over time. Periods when debt-to-GDP ratios rose explosively as a result of wars, depressions and financial crises also have a long history. Many of these episodes...
Persistent link: https://www.econbiz.de/10012001483
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Quasi-Fiscal Deficits and Energy Conditionality in Selected CIS Countries
Saavalainen, Tapio - 2006
Quasi-fiscal deficits of public utility companies are common in all member countries of the Commonwealth of Independent States (CIS). They constitute a significant impediment to efficient resource allocation and endanger macroeconomic stability. This paper presents a simple framework for...
Persistent link: https://www.econbiz.de/10014399865
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Uganda : Managing More Effective Decentralization
Brosio, Giorgio - 2006
This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to...
Persistent link: https://www.econbiz.de/10014400265
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A Noteon the Public Choice Approach to the Growth in Government Expenditure
International Monetary Fund - 1988
The paper applies an empirical model, based on the economic theory of public choice, to the Group of Seven countries. It is discovered: (a) that deficit financing does appear to contribute to increased real government spending; (b) that the demand for government services as a whole does not...
Persistent link: https://www.econbiz.de/10014395824
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Euro Area Monetary Policy in Uncharted Waters
Stavrev, Emil - 2009
We analyze the European Central Bank''s (ECB''s) response to the global financial crisis. Our results suggest that even during the crisis, the core part of ECB''s monetary policy transmission-from policy rates to market rates-has continued to operate, but at a decreased efficiency. We also find...
Persistent link: https://www.econbiz.de/10014402463