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Labor Market Issues In The Caribbean Scope To Mobilize Employment Growth

Labor Market Issues in the Caribbean  Scope to Mobilize Employment Growth PDF

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Author: Mrs. Magda E. Kandil
Publisher: International Monetary Fund
ISBN: 1498347738
Size: 76.20 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 46
View: 3350


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.

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: 77.70 MB
Format: PDF, ePub, Mobi
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.

The Bahamas

The Bahamas PDF

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Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 1513525670
Size: 32.33 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.

Government Wage Bill Management And Civil Service Reform In The Eastern Caribbean Currency Union

Government Wage Bill Management and Civil Service Reform in the Eastern Caribbean Currency Union PDF

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Author: Mr.A. E. Wayne Mitchell
Publisher: International Monetary Fund
ISBN: 1498316077
Size: 21.67 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 33
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In this study, we assess the size of the government wage bill and employment in the member countries of the Eastern Caribbean Currency Union and their implications for fiscal sustainability and the adequacy of public service delivery. Over the period 2005 to 2015 their wage bill (as a percentage of GDP, government revenues and expenditures) is higher than in other small states notwithstanding recent efforts by governments to make it more manageable. The composition and distribution of employment is sub-optimal and is reflected in skills mismatches contributing to inefficiencies in public service delivery. Using a dynamic fixed-effects panel, we find that wage bill growth reflects the expansion of government activities to speed up economic and social development and that wage bill spending is procyclical in good times but is rigid during downturns. Finally, we identify the main institutional and legal reforms needed to improve wage bill management and public service efficiency.

Eastern Caribbean Currency Union

Eastern Caribbean Currency Union PDF

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Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 1484303490
Size: 76.24 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 21
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Eastern Caribbean Currency Union: Selected Issues

Issues And Problems In Caribbean Public Administration

Issues and Problems in Caribbean Public Administration PDF

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Author: Selwyn D. Ryan
Publisher:
ISBN:
Size: 27.79 MB
Format: PDF, Docs
Category : Administrative agencies
Languages : en
Pages : 373
View: 5918



Unemployment And Related Problems In The Commonwealth Caribbean

Unemployment and Related Problems in the Commonwealth Caribbean PDF

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Author: Jack Harewood
Publisher:
ISBN:
Size: 39.23 MB
Format: PDF, Kindle
Category : Caribbean Area
Languages : en
Pages : 139
View: 1495



Caribbean Basin Profile

Caribbean Basin Profile PDF

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Author:
Publisher:
ISBN:
Size: 73.93 MB
Format: PDF, ePub
Category : Caribbean Area
Languages : en
Pages :
View: 3459



Financial Inclusion Of Small And Medium Sized Enterprises In The Middle East And Central Asia

Financial Inclusion of Small and Medium Sized Enterprises in the Middle East and Central Asia PDF

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Author: Mr.Nicolas R Blancher
Publisher: International Monetary Fund
ISBN: 1498300502
Size: 60.81 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 52
View: 7046


The importance of financial inclusion is increasingly recognized by policymakers around the world. Small and medium-sized enterprise (SME) financial inclusion, in particular, is at the core of the economic diversification and growth challenges many countries are facing. In the Middle East and Central Asia (MENAP and CCA) regions, SMEs represent an important share of firms, but the regions lag most others in terms of SME access to financing.

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: 29.60 MB
Format: PDF, Mobi
Category : Loans, Foreign
Languages : en
Pages :
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