Caribbean Business Cycles

 
Author/Editor: Cashin, Paul
 
Publication Date: July 01, 2004
 
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Summary: This paper identifies and describes key features of Caribbean business cycles during the period 1963-2003. In particular, the chronologies in the Caribbean classical cycle (expansions and contractions in the level of output) and growth cycle (periods of above-trend and below-trend rates of economic growth) are identified. It is found that Caribbean classical cycles are longer-lived than those of developed countries and non-Caribbean developing countries. While there are large asymmetries in the duration and amplitude of phases in the Caribbean classical cycle, on both measures the Caribbean growth cycle is much more symmetric. Further, there is some evidence of synchronization among the classical cycles of Caribbean countries, and stronger evidence of synchronization of Caribbean growth cycles.
 
Series: Working Paper No. 04/136
Subject(s): Business cycles | Caribbean | Antigua and Barbuda | Bahamas, The | Barbados | Belize | Dominica | Grenada | Guyana | Haiti | Jamaica | Montserrat | St. Kitts and Nevis | St. Lucia | St. Vincent and the Grenadines | Suriname | Trinidad and Tobago | Economic Growth | Saint Vincent and the Grenadines | Saint Kitts and Nevis | Saint Lucia

Author's Keyword(s): Business cycles | growth cycles | cycle synchronization | Caribbean
 
English
Publication Date: July 01, 2004
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA1362004 Pages: 41
Price:
US$15.00 (Academic Rate:
US$15.00 )
 
 
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