An open economy structural vector autoregressive (SVAR) model is developed for Belize with the objective of identifying the main factors behind the volatility in output growth. A MarkovSwitching VAR (MS-VAR) model is also employed to explore whether the response to shocks is the similar across...

This paper contributes to the predominant diversification debate that has been ongoing in Trinidad and Tobago for more than three decades. The paper makes a determination of the key impediments to the country's attempts at diversification. Econometric techniques are applied on panel data to...

This paper contributes to the predominant diversification debate that has been ongoing in Trinidad and Tobago for more than three decades. The paper makes a determination of the key impediments to the country's attempts at diversification. Econometric techniques are applied on panel data to...

This paper contributes to the predominant diversification debate that has been ongoing in Trinidad and Tobago for more than three decades. The paper makes a determination of the key impediments to the country's attempts at diversification. Econometric techniques are applied on panel data to...

Trinidad and Tobago (T&T) is an example of successful diversification within the oil and gas sector and the country is now a global player in the energy industry. Diversifying its asset base so that the nonresource sector can continue to grow and generate jobs once the country’s oil reserves...

This note outlines a framework for assessing the extent of fiscal risks inherent in the operations of public bodies (PBs), highlighting eight applications in Jamaica. Scenario analysis and stress testing are two components used to determine the combined effects of company- and sector-specific...