This paper estimates the trade, revenue and welfare effects of the proposed Caribbean Community (CARICOM)-Canada FTA on CARICOM countries using a partial equilibrium model. The welfare analysis also takes into account the Economic Partnership Agreement (EPA) which was signed in 2008 between the...

The central notion of the natural trading partner hypothesis is that a Free Trade Agreement (FTA) will be welfare enhancing for members if there is a strong level of bilateral trade complementarity among their trade structures. This paper presents an empirical examination of this issue with...

In every country there is a hidden economy operating alongside the formal economy. The published national statistics record only the formal economy. These statistics indicate that the construction industry is an important source of both wealth creation and employment despite the fact that they...

During the 1970s the Trinidad and Tobago (T&T) economy experienced an oil boom because of increases in the level and production of crude oil and in the price each barrel of crude oil fetched on the international market. In the late 1990s to the present, the T&T economy has benefited from another...

Trinidad and Tobago is a small open oil- and gas-based economy that has experienced the effects of boom and bust and the associated fluctuations in income and employment. This paper focuses on the behaviour of the construction sector and its relationship to income and employment over the last...

The relationship between gross domestic product and the output of the construction industry is quantified, using as a case study the economy of Trinidad and Tobago (T&T). A historical perspective is used in order that anomalies can be set within the context of the relevant time and...