Inflation and the variability of relative prices in the Caribbean: evidence from panel threshold models

This paper examines the impact of inflation and its variability for eight Caribbean countries; Antigua and Barbuda, Bahamas, Barbados, Dominica, Grenada, Jamaica, Saint Kitts and Nevis and Saint Vincent and the Grenadines. The paper goes beyond the standard approach to examine the variability of relative prices (VRP) within the context of a threshold effects framework, since it was recognized that whether inflation was low or very high was significant in determining its impact on an economy. The paper employed a panel threshold effects model to capture the non-linear nature of the relationship…

Innovating, gaining market share and fostering social inclusion: success stories in SME development

This document represents a contribution made by the Tripartite Committee comprising the Organization of American States (OAS), the Inter-American Development Bank (IDB) and the Economic Commission for Latin America and the Caribbean (ECLAC) to the fourth Ministerial Meeting of the Pathways to Prosperity in the Americas Initiative, in Santo Domingo, on 5 October 2011. This initiative for promoting growth and prosperity provides a forum for countries to learn from each other's experience and for them to share lessons learned and best practices as they seek to put broader opportunities withi…

The economics of climate change in the Caribbean

The present volume captures the results of the studies conducted during Phase 2 of the RECCC project to date. Chapter 1 provides the contextual framework within which the assessments were conducted and Chapter 2 focuses on the emissions scenarios as set out by the Special Report on Emissions Scenarios by the Intergovernmental Panel on Climate Change (IPCC). The results of the economic assessments of the impacts of climate change on the agricultural, coastal and marine, energy and transportation, health, freshwater resources and tourism sectors in the Caribbean subregion are presented in Chapte…

The new era of carbon accounting: issues and implications for Latin American and Caribbean exports

This paper focuses on the recent trends of private and unilateral efforts to account for the carbon emissions of traded goods, with the objective of identifying possible risks and opportunities for Latin American and Caribbean exporters. It presents a description of the ongoing initiatives, standards and proposed legislation that are relevant to the discussion. It follows this by identifying the shortfalls and challenges of carbon footprinting, and the implications for Latin American and Caribbean export competitiveness. Finally it provides policy suggestions for the region, assuming the growi…

Development of eco-efficient and sustainable urban infrastructure in Asia and Latin America: eco-efficiency and sustainable infrastructure in the United States and Canada

This publication considers the fact that despite the important role of the business community in the creation and promotion of green technology and related services in Canada and in the United States, the experiences in both countries illustrate the limitations of the market in the promotion of sustainable urban growth. The two cases reviewed in this report, the most advanced and comprehensive systems of urban sustainability highlight the key role of the public sector in the design, integration, promotion and enforcement of sustainable policies for urban growth.…

Understanding the potential economic impacts of climate change in Latin America and the Caribbean

Energy efficiency potential in Jamaica: challenges, opportunities and strategies for implementation

The Barbados Programme of Action (BPoA) for Small Island Developing States (SIDS) identifies energy management as a critical issue in achieving sustainability. Like many of the small islands states, Jamaica is economically vulnerable to external factors such as fluctuations in energy prices, a consequence of an over dependence on imported oil. Securing supplies of affordable and reliable energy is an essential element of economic and social development. In Jamaica however, energy systems and energy use are inefficient and expensive and add to national economic vulnerability.Jamaica is endowed …

Report on the coordination of international statistical activities in the area of the environment

This report presents the results of a regional study conducted by the Economic Commission for Latin America and the Caribbean (ECLAC) and the National Institute of Statistics and Geography of Mexico, in their respective roles as technical secretariat and coordinator, of the Working Group on Environmental Statistics of the Statistical Conference of the Americas of ECLAC. The objective was to carry out an in- depth study of the international statistical activities in the area of environmental statistics, with a view to strengthening coordination of those activities and optimizing their contribu…

Are we building competitive and liveable cities?: Guidelines for developing eco-efficient and socially inclusive infrastructure

This guideline jointly published by The UN Economic and Social Commission for Asia and the Pacific (ESCAP), the UN Economic Commission for Latin America and the Caribbean (ECLAC), and the UN Human Settlements Programme (UN-HABITAT), in partnership with the Urban Design Lab of the Earth Institute, Columbia University, provides practical tools for city planners and decision makers to reform urban planning and infrastructure design according to the principles of eco-efficiency and social inclusiveness. It includes case studies from the Republic of Korea, the Philippines, Japan and Sri Lanka.…

Anuario Estadístico de América Latina y el Caribe 2010 = Statistical Yearbook of Latin America and the Caribbean 2010

El Anuario estadístico de América Latina y el Caribe pretende responder a las demandas de los usuarios que requieren información estadística confiable y rigurosa para el análisis de la situación económica, social y ambiental de la región. La estructura de la presente edición del Anuario estadístico es similar a la de 2009 ya que no se han introducido modificaciones importantes en términos de contenidos o diseño. El Anuario cuenta con cuatro capítulos. En el primero se presentan los indicadores demográficos y sociales y se refleja el esfuerzo especial realizado para incluir la dimensión de géne…

Regional Panorama: Latin America. Megacities and sustainability

The Latin America megacities and sustainability panorama is an effort aimed to understand the complex urban processes and to discuss urban risks under sustainability criteria. In order to define research agendas as well as for policy design purposes, a closer look at the challenges of metropolitan areas in Latin America requires an identification of common urban trends in the region. Although metropolitan cities and regions in LAC present common problems and challenges, the intensity of specific aspects related to sustainability changes from one city to another. The present report discusses th…

The employment situation in Latin America and the Caribbean: Recovery of employment: towards a sustainable model

The adverse effects on Latin America and the Caribbean of the global economic and financial crisis, the worst since the 1930s, have been considerably less than was once feared. Although a run of growth was cut short in 2009 and regional output shrank by 1.9%, the impact of the crisis was limited by the application of countercyclical fiscal and monetary policies by many of the region’s governments. The recovery in the economies, particularly in South America, has gone hand-in-hand with the rapid resurgence of the emerging economies of Asia, with all the favourable consequences this has had for …

Climate change and challenges for tourism in Central America

Tourism has been a very dynamic activity worldwide over the last fifteen years (until the 2008-2009 economic crisis);. Some developing countries have been very active in promoting this activity and have been successful. Among these countries are several from the Central American region, where tourism accounted for more than 8% of Costa Rican and Panamanian GDP in 2006. Tourism is a very broad activity, which includes leisure, business and family visits, but statistics for this region do not allow a distinction between these categories. Some countries are more specialized in leisu…

The economics of climate change in Central America: summary 2010

Although it is estimated that Central America will continue to generate only a minimal part of the planet's Greenhouse Gasses, it is already one of the regions most vulnerable to the consequences of these emissions. Central America's historical socio-economic vulnerabilities are exacerbated by the region's location on a narrow isthmus that serves as a land bridge between two continents, surrounded by two oceanic systems, the Pacific and the Atlantic. The region is gravely affected by droughts, cyclones and the El Niño-Southern Oscillation phenomenon. Given that…

Economics of climate change in Latin America and the Caribbean: summary 2010

Climate change, which is basically manifested in rising average temperatures, changes in precipitation patterns, rising sea levels, reduction of the ice extent, glacier melt and alterations in the pattern of extreme events, is one of the major challenges facing humankind this century. The evidence available shows that these climate transformations are a global phenomenon resulting, above all, from emissions of greenhouse gases generated by human activity. In turn, they are having substantial, increasing and in many cases irreversible effects on economic activities, populations and ecosystems, …

Sustainable development from a human rights perspective and the challenges it represents for the Caribbean SIDS (a discussion paper)

This report is commissioned by the Economic Commission for Latin America and the Caribbean (ECLAC) Subregional Headquarters for the Caribbean, with the overall purpose of examining the extent to which the pursuit of sustainable development in the Caribbean Small Island Developing States (SIDS) is guided by human rights considerations and, more specifically, to what extent human rights principles, norms, and standards are being integrated and mainstreamed in development programmes and projects, following a rights-based approach to development. For ECLAC itself, this is a relatively new approach…

Review of the economics of climate change (RECC) in the Caribbean project : Phase I

An assessment of global economic models for climate change

The project comprises three phases of which Phase I would be implemented over the period September to December 2008. The major objectives of Phase I are, firstly, to establish the scope and feasibility of carrying out a study on the costs/benefits of taking action on climate change adaptation and cost effectiveness of mitigation in the Caribbean compared to a “business as usual” scenario, and secondly, to support initial actions to alert policymakers and key influencing constituencies to the urgency of this challenge.…

Evaluation of the meeting on promoting energy effeiciency in the Caribbean

The Economic Commission for Latin America and the Caribbean (ECLAC), in collaboration with the Caribbean Development Bank, convened the meeting “Promoting Energy Efficiency in the Caribbean” on 13–14 May 2010 at its Subregional Headquarters for the Caribbean, in Port of Spain, Trinidad and Tobago. The meeting had its genesis in the convening of consultations in 2009 with Latin American and Caribbean countries, members of the Latin American Energy Agency, and resulted in a report calling for greater awareness of energy efficiency among Caribbean countries, so as to provide the impetus of the de…

The impact of climate change on the tourism sector in the Caribbean

The main aim of this study is to estimate the economic impact of climate change on nine countries in the Caribbean basin: Aruba, Barbados, Dominican Republic, Guyana, Jamaica, Montserrat, Netherlands Antilles, Saint Lucia and Trinidad and Tobago. A typical tourism demand function, with tourist arrivals as the dependent variable, is used in the analysis. To establish the baseline, the period under analysis is 1989-2007 and the independent variables are destination country GDP per capita and consumer price index, source country GDP, oil prices to proxy transportation costs between source and des…