The well-known Lewis model was inspired by one of the models which W. Arthur Lewis presented in 1954. Yet it fails to capture his basic insights, leaving generations of students with the misapprehension that he saw industrialization as a panacea. If we avoid the limitations of the neoclassical...

This study reviews four tax incidence studies, done in Jamaica since 1983, to determine the evolution of Jamaica’s tax burden. It identifies several limitations in the methodologies used that make it difficult to interpret the results without due care. For example, income bases were...

The Government of Jamaica imposes a wide range of taxes on income, consumption, and property. An important consideration in any reform of these taxes is their impact of the distribution of income, or their tax burden. This staff paper presents background and analysis of the burden of the...

The paper clarifies some issues raised in the basic model of balance of payments-constrained growth due to Thirlwall and later extensions by Thirlwall and Hussain and Moreno-Brid. The model is also adapted to include both interest payments and net transfers. The latter variable has become very...