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Labor Market Issues In The Caribbean

Labor Market Issues in the Caribbean PDF

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Author: Ms.Magda E. Kandil
Publisher: International Monetary Fund
ISBN: 1498387802
Size: 22.97 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 46
View: 3178


The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth to major sources of labor market determinants, in the long and short run. The main determinants of employment include government investment and private sector credit, while the major determinants of external performance are real effective exchange rate, the price of major exporting commodities, the number of tourists, and growth in major trading partners. The paper concludes with a menu of policy recommendations and structural reforms towards sustaining high employment growth and higher living standards in the Caribbean.

The Bahamas

The Bahamas PDF

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Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 1513502646
Size: 78.17 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 64
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Context. Economic activity strengthened somewhat in 2014 while the external current account deficit worsened primarily as a result of Baha Mar construction-related imports. The authorities continue to make substantial progress on fiscal consolidation with successful VAT implementation in January 2015 setting the stage for continued improvements in the fiscal position. Lower oil prices helped keep inflation anchored in 2014. Still, notwithstanding the capital flow management (CFM) regime, international reserves remain low. Key policy advice: Despite the U.S. recovery and the imminent opening of the Baha Mar resort, the growth outlook remains well below pre-global crisis levels, and strong and timely measures should be implemented to strengthen competitiveness and raise potential growth. In addition, rebuilding fiscal and external buffers will be essential for sustaining macroeconomic stability: • Reigniting strong and inclusive medium-term growth. Structural reforms are needed to address longstanding competiveness issues including labor market impediments to growth. Energy sector reforms could substantially lower energy costs, boost productivity and facilitate economic diversification in the medium term. A diversification strategy should explore the potential for increasing value added in the tourism sector, including through deepening linkages with agriculture. • Rebuilding fiscal and external buffers. Notwithstanding the CFM regime, the fixed exchange rate peg constrains monetary policy, leaving fiscal policy as the main instrument for macroeconomic stabilization. Steadfast implementation of the VAT and expenditure rationalization in the context of a medium-term budgetary framework, together with public enterprise reforms, would help rebuild fiscal buffers and support international reserves. • Preserving financial sector stability. The pre-crisis credit boom has left the banking system with an overhang of non-performing loans, which will likely continue to generate headwinds for the economy. Despite this, the banking system remains very well capitalized and liquid. Measures should be put in place to resolve the debt overhang while further strengthening the regulatory and supervisory framework.

Suriname

Suriname PDF

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Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 1475562357
Size: 44.67 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 46
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This Selected Issues paper focuses on constructing a high-frequency economic growth indicator for Suriname. Most economic data for Suriname are available only with a substantial time lag and on a low-frequency basis, impeding such analyses. This paper presents a simple econometric model that closely approximates GDP in recent years. The model estimates are used to construct a monthly indicator of economic activity for Suriname. The indicator provides information about the pace of economic activity close to real time, typically with a one- to two-month lag.

Structural Reforms And Macroeconomic Performance Initial Considerations For The Fund

Structural Reforms and Macroeconomic Performance   Initial Considerations for the Fund PDF

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Author:
Publisher: International Monetary Fund
ISBN: 1498344119
Size: 48.58 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 63
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Structural policies have become a prominent feature of today’s macroeconomic policy discussion. For many countries, lackluster economic growth and high unemployment cloud the outlook. With fewer traditional policy options, policymakers are increasingly focused on the complementary role of structural policies in promoting more durable job-rich growth. In particular, the G20 has emphasized the essential role of structural reforms in ensuring strong, sustainable and balanced growth. Against this backdrop, the 2014 Triennial Surveillance Review (TSR) called for further work to enhance the Fund’s ability to selectively provide more expert analysis and advice on structural issues, particularly where there is broad interest among member countries. The purpose of this paper is to engage the Board on staff’s post-TSR work toward strengthening the Fund’s capacity to analyze and, where relevant, offer policy advice on macro-relevant structural issues.

Latin American Economic Outlook 2019 Development In Transition

Latin American Economic Outlook 2019 Development in Transition PDF

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Author: OECD
Publisher: OECD Publishing
ISBN: 9264313761
Size: 71.36 MB
Format: PDF, Kindle
Category :
Languages : en
Pages : 220
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The Latin American Economic Outlook 2019: Development in Transition (LEO 2019) presents a fresh analytical approach in the region. It assesses four development traps relating to productivity, social vulnerability, institutions and the environment.

Im Freien Fall

Im freien Fall   PDF

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Author: Joseph Stiglitz
Publisher: Siedler Verlag
ISBN: 3641040701
Size: 69.40 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : de
Pages : 512
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Das Plädoyer des Nobelpreisträgers für eine neue globale Wirtschaftspolitik Der freie Fall der Weltwirtschaft begann im Herbst 2008 mit dem Zusammenbruch der Investment-Bank Lehman Brothers. Die Finanz- und Wirtschaftskrise, die wir seither erleben, ist die schlimmste seit den 1930er Jahren. In seinem neuen Buch fragt Wirtschaftsnobelpreisträger Joseph Stiglitz, wie es dazu kommen konnte – und erklärt, wie wir solche Katastrophen in Zukunft verhindern können. Mit der Wirtschaftskrise hat sich die jahrzehntelang herrschende Wirtschaftsdoktrin selbst entzaubert: Falsche Anreize, entfesselte Märkte und eine ungerechte Verteilung des Reichtums haben die Welt an den Rand des Abgrunds geführt. Für Joseph Stiglitz ist klar: Ein »Weiter so« kann es nicht geben. Statt mit hektischen Rettungsmaßnahmen die eigene, nationale Wirtschaft zu retten und danach wieder zur Tagesordnung überzugehen, müssen wir diesen kritischen Moment nutzen, um eine neue globale Wirtschafts- und Finanzpolitik zu schaffen. Joseph Stiglitz beschreibt in seinem neuen Buch, wie solch eine krisenfeste und gerechtere Wirtschaftsordnung aussehen könnte. Neben einer besseren Regulierung der Finanzmärkte und einer aktiveren Rolle des Staates in der Wirtschaft, müssen wir vor allem dafür Sorge tragen, weltweit Arbeitsplätze zu sichern und den Wohlstand gerechter zu verteilen.

Caribbean Basin Profile

Caribbean Basin Profile PDF

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Author:
Publisher:
ISBN:
Size: 72.73 MB
Format: PDF, Docs
Category : Caribbean Area
Languages : en
Pages :
View: 3438



Final Report

Final Report PDF

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Author: Inter-American Committee on the Alliance for Progress. Subcommittee on Trinidad and Tobago
Publisher:
ISBN:
Size: 11.21 MB
Format: PDF
Category : Loans, Foreign
Languages : en
Pages :
View: 4506



Economic Reforms And Political Democratization In Mexico

Economic Reforms and Political Democratization in Mexico PDF

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Author: Ricardo Grinspun
Publisher:
ISBN:
Size: 31.93 MB
Format: PDF, Kindle
Category : Canada
Languages : en
Pages : 24
View: 6633



Latin American Index

Latin American Index PDF

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Author:
Publisher:
ISBN:
Size: 43.67 MB
Format: PDF, Kindle
Category : Latin America
Languages : en
Pages :
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