Given Barbados’ recent history of persistent current account deficits and reliance on tourism as a major source of foreign exchange and driver of the economy, this paper investigated the contribution of tourism receipts to the sustainability of Barbados’ current account deficits. Utilizing...

This article investigated the relationship between tourism and economic growth in Barbados from 1974–2004 using the techniques of multivariate cointegration, causality testing, and innovation accounting. Findings reveal the existence of a long-run relationship between tourist activity and...

Against the backdrop of export-oriented policy reforms to Mexico’s trade regime in the mid 1980s, the present study undertakes a case study of economic growth in Mexico. Using an export-augmented neoclassical production function, the validity of the Export-led Growth Hypothesis for Mexico is...

The tourism industry is Barbados’ main source of foreign exchange and provides the basis for steady economic growth in the economy. Consequently, the permanence or transience of shocks can have a direct impact on the welfare of all Barbadian residents. Against this background, our study...

This paper investigates the validity of Fisher’s hypothesis in determining nominal interest rates for five small developing countries—The Bahamas, Barbados, Guyana, Jamaica, and Trinidad and Tobago. We augment the traditional Fisher test equation by introducing the US nominal interest rate....