The COVID-19 pandemic has disrupted the world’s economic order and global public health. Social distancing measures to curb the spread of the virus created significant challenges for global economic activity. Sectors such as tourism virtually shut down. The economy of The Bahamas is heavily reliant on tourism, which accounts for approximately 50% of the country’s Gross Domestic Product (GDP). The pandemic also highlighted the country’s socio-economic vulnerability as businesses and citizens felt the crunch. These impacts highlighted the need for comprehensive Disaster Risk Management (DRM) and…
This study assesses the economy-wide impacts of private investment in the hotel industry in Jamaica. Specifically, the paper develops a tourism-extended social accounting matrix (SAM) and a dynamic computable general equilibrium (CGE) model tailored to the Jamaican economy. To analyse impacts in terms of poverty and inequality, the CGE model results are linked with a microsimulation model. The results demonstrate that private tourism investments leading to an expansion of foreign demand for tourism can have positive impacts on national economies in terms of gross domestic product (GDP), employ…
En este estudio se analizan las repercusiones económicas generales de la inversión privada en la industria hotelera de Jamaica. En particular, en este trabajo se desarrolla una matriz de contabilidad social (MCS) extendida al turismo y un modelo dinámico de equilibrio general computable (EGC) adaptado a la economía de Jamaica. Para analizar los efectos en materia de pobreza y desigualdad, los resultados del modelo EGC se vinculan con un modelo de microsimulación. Los resultados demuestran que cuando las inversiones privadas en el sector turístico
propician el fortalecimiento de la demanda extr…
This brief is intended to provide general information on the upcoming United Nations Ocean Conference on scaling up ocean actions based on science and innovation for the
implementation of Agenda 2030 - Sustainable Development Goal 14 (SDG 14), with a view to stimulating more active, engaged participation of the Caribbean in the discussions. The
United Nations Ocean Conference will be co-chaired by Kenya and Portugal, and hosted by the Government of Portugal in Lisbon, during 2021. The objective of this conference is consistent with the 2017 UN General Assembly proclamation on the Decade of Oce…
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