The economic literature of ‘investment under uncertainty’ has been used in many different contexts: investment of manufacturing firms, in financial instruments, etc. But perhaps the best application of the theoretical model is related to oil and gas investment[1]. A recent paper, IDB-WP-661, brings these lessons to Trinidad and Tobago, discussing the dos and don’ts of taxation … [Read more...] about The Thin Blue Line of a Long Horizon: How much should Trinidad and Tobago Tax Policies Encourage Oil and Gas Investment?
Economy & Investment
Caribbean Diaspora: How Can They Finance Development in the Region?
The Caribbean diaspora is huge and members tend to send significant amount of remittances back to the region to help relatives and to invest in property and family businesses. It is estimated that Caribbean migrants number 4,116,000 in the United States (1.2% of the total population and remitted approximately US$5 billion in 2013. Other countries with large populations of … [Read more...] about Caribbean Diaspora: How Can They Finance Development in the Region?
Rethinking the growth diagnostics framework
In identifying binding constraints to growth of developing member countries, ADB and other multilateral development banks have adopted the Hausmann-Rodrick-Velasco methodology. In principle the methodology is relatively straightforward: by looking at all the possible constraints to private investment—the main driver of economic growth in a given country–in comparison to its … [Read more...] about Rethinking the growth diagnostics framework
Agricultural Policies in the Caribbean
Streetside Market in Lelydorp, Suriname. Photo Author Rachel Boyce The Producer Support Estimate (PSE) study for the Caribbean Region has begun! This study, which covers the full Caribbean cohort of the Inter-American Development Bank (CCB - The Bahamas, Barbados, Guyana, Jamaica, Trinidad and Suriname), will look at the magnitudes and structure of government policies and … [Read more...] about Agricultural Policies in the Caribbean
Who the heck was Sir William Arthur Lewis and why is he important today?
The Country Department Caribbean invites you to view the Roundtable on Sir William Arthur Lewis’ 100 year anniversary that took place in Santa Cruz, Bolivia on October 14th. The Roundtable was hosted by The International Economic Association (IEA) and the Research Institute for Development, Growth and Economics (RIDGE), with the support of the Inter-American Development Bank … [Read more...] about Who the heck was Sir William Arthur Lewis and why is he important today?