Photo courtesy of Wikimedia Commons, Egres73 What will 2015 bring to the Caribbean? A famous economist once said that ‘the only function of economic forecasting is to make astrology look respectable’. While I tend to agree that my discipline does not have too much luck lately with forecasting (the recent world economic recession is a good example of a crisis that was … [Read more...] about Caribbean Economic Outlook 2015: Seeing Stars
Caribbean Region Quarterly Bulletin
by CCB Caribbean Economics Team CCB’s Caribbean Economics Team is pleased to send the tenth Issue of the Caribbean Region Quarterly Bulletin. Are output changes and the unemployment rate related in Trinidad and Tobago? According to the economic theory known as Okun's Law, the two variables should be negatively correlated, and for the United States this relation holds … [Read more...] about Unemployment and Growth: Does Okun’s Law Apply to Trinidad and Tobago?
by CCB Caribbean Economics Team CCB’s Caribbean Economics Team is pleased to send the ninth Issue of the Caribbean Region Quarterly Bulletin. The Caribbean Region Quarterly Bulletin analyzes recent economic developments of The Bahamas, Barbados, Guyana, Jamaica, Suriname, and Trinidad and Tobago. This issue's Special Country Reports discuss labor and social programs and … [Read more...] about Regional Report: Labor and Social Programs in the Caribbean
Back in the 1960s, the Honourable Lloyd Best and Professor Kari Levitt first put forth the Theory of the Plantation Economy. As Professor Norman Girvan of the University of the West Indies summarised in retrospective notes on the theory, “[Its purpose was] to identify the structural constraints on the growth and transformation of Caribbean economies that arise from the … [Read more...] about Defining a Clear Tourism Brand