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Eastern Caribbean Currency Union : Selected Issues

Published: January 28, 2011
Electronic Access: Free Full Text (PDF file size is 920KB)
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Summary: The objective of this paper is to analyze the growth performance of the ECCU countries since independence and the policy challenges they face to ensure sustained growth in the period ahead. Although tourism specialization may bring about higher growth, it could also increase volatility in growth by amplifying the impact of business cycles in source countries on the tourism sector. Low productivity growth is principally the reason for the slowdown in growth. High debt levels have been a major drag on growth.
 
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Series: Country Report No. 11/32
Subject(s): Eastern Caribbean Currency Union | Economic growth | Economic models | Government expenditures | Public debt | Selected issues | Tourism
 
English  
    Published:   January 28, 2011        
    ISBN/ISSN:   9781455213894/1934-7685   Format:   Paper
    Stock No:   1ECCEA2011002   Pages:   62
    Price:   US$18.00
       
     
Please address any questions about this title to publications@imf.org.