Long term growth in the Caribbean: a balance of payments constraint approach

14 Dec 2005 | Publication

Work area(s)

Economic development International trade and integration Statistics

Topic(s)

Balance of payments Trade policy and trade agreements International trade

Long term growth in the Caribbean: a balance of payments constraint approach

  • Publication type: ECLAC Subregional Headquarters for the Caribbean (Studies and Research Papers)
  • Publication corporate author (Institutional author): NU. CEPAL. Sede Subregional para el Caribe
  • Physical description: 40 páginas.
  • Publisher: ECLAC
  • UN symbol (Signature): LC/CAR/L.63
  • Date: 14 December 2005

Abstract

The long-term growth of economies of the Caribbean Community (CARICOM) exhibits three characteristics. First, the aggregate rate of growth of CARICOM economies has declined over time. Second, the decline is attributed mainly to the Less Developed Countries (LDCs) as the More Developed Countries (MDCs) have in fact improved their growth performance. Third, all economies show a stagnation in growth since the middle of the 1990s. Fourth, a process of increasing divergence characterizes the growth performance of CARICOM economies.

Subregional headquarter(s) and office(s)

Subregional Headquarters, Port of Spain