Barbados has embarked on a bold initiative to green its economy and has already made significant progress in some economic sectors (e.g. energy). This study investigates the extent to which small- and medium-sized enterprises (one of the largest segments of economic activity) on the island have adopted green initiatives and the factors that have prompted them to do so. A probit model is estimated using a firm-level database extracted from the Productivity, Technology and Innovation in the Caribbean (PROTEqIN) database maintained by Compete Caribbean. The results suggest that small and medium-s…
Barbados ha emprendido una iniciativa audaz para ecologizar su economía y avanzó considerablemente en algunos sectores económicos (como la energía). Este artículo investiga hasta qué punto las pequeñas y medianas empresas (pymes), uno de sus segmentos más grandes de la actividad económica, han adoptado iniciativas ecológicas, y los factores que las han llevado a hacerlo. Se estima un modelo probit usando una base de datos a nivel de las empresas extraída de la base de datos Productivity, Technology, Innovation in the Caribbean (PROTEqIN), que gestiona Compete Caribbean. Las pymes se han quedad…
The Caribbean subregion is exceptionally vulnerable to the impacts of climate change and extreme weather events. Vulnerability is a key multidimensional concept at the heart of resilience building, relating to each country’s multiple spatial and socioeconomic risks and conditions. In fact, due to its geographical location and concentration of population and activities in low-lying coastal areas, the Caribbean is the second most hazard-prone region in the world...Moreover, impacts of extreme weather events on Caribbean small economies are of national proportions. For example, in the hurricane s…