Keynesians propose that increases in tourist arrivals are associated with an expansion in private spending through the multiplier effect. To test this hypothesis, this study augments a simple consumption function with tourist arrivals and employs the dynamic OLS method to compute the short and...

This paper uses a VAR and VECM framework to examine whether financial development causes growth or vice-versa employing aggregate annual time-series data on Barbados, Grenada, Jamaica, St. Lucia, St. Vincent and the Grenadines and Trinidad and Tobago. The results indicate that a long-run...

Using a neo-classical aggregate production model where capital, labour, technology, and energy are treated as separate inputs, this paper tests for the existence and direction of causality between output growth and electrical energy use in Barbados, analysed as a whole and in sectors...