Greenidge, Kevin; Drakes, Lisa; Craigwell, Roland - In: Journal of Policy Modeling 32 (2010) 3, pp. 418-431
A notable build-up in the foreign debt stock of the Caribbean Community (CARICOM) has been observed in recent years. By employing recent developments in panel unit root and co-integration analysis, this paper finds the major contributing factors to be: the output gap, real effective exchange...