Caribbean Bananas: The Macroeconomic Impact of Trade Preference Erosion
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper examines the macroeconomic effects of the erosion of trade preferences, with a focus on the export of Caribbean bananas to Europe. Estimates are made of the magnitude of implicit assistance provided over a period of three decades to eastern Caribbean countries through banana trade preferences. The value of such assistance rose until the early 1990s, and has declined precipitously since then. Using vector autoregressive analysis, the paper finds that changes in the level of implicit assistance have had a considerable macroeconomic impact, especially on Caribbean real GDP growth.
Series:
Working Paper No. 2010/059
Subject:
Agricultural commodities Exports Tariffs Trade liberalization Trade relations
English
Publication Date:
March 1, 2010
ISBN/ISSN:
9781451963793/1018-5941
Stock No:
WPIEA2010059
Pages:
42
Please address any questions about this title to publications@imf.org