Foreign direct investment (FDI) is a vital ingredient in achieving sustained growth in the Caribbean region. However, FDI inflows have been affected by issues such as market factors, trade barriers, costs factors, investment climate, political and foreign exchange stability. To this end, this...

This paper investigates the causal impact of a Covid-19 lockdown policy on the Comoros's household welfare, poverty, and labor market outcomes. The identification strategy uses the national government lockdown policy implemented to curtail the unexpected outbreak of Covid-19. The lockdown policy...

Small island developing states (SIDS) are among the most exposed, vulnerable countries in the world to natural hazards and the impacts of climate change. SIDS are already experiencing significant economic and social losses from climate change impacts. Extreme weather events such as flooding and...

This paper investigates the causal impact of a Covid-19 lockdown policy on the Comoros's household welfare, poverty, and labor market outcomes. The identification strategy uses the national government lockdown policy implemented to curtail the unexpected outbreak of Covid-19. The lockdown policy...

This paper explored entrepreneurial intentions in the Caribbean adult population using a social cognitive approach. It used the Global Entrepreneurship Monitor (GEM) Adult Population Survey (APS), which includes questions about entrepreneurial intentions of potential business owners and...

Abstrak (Indonesian)Modul bahan ajar ini disusun untuk memberikan pengetahuan kepada khalayak tentang bagaimana mengenal pentingnya valuasi dan teknik penilaian ekonomi sumberdaya pulau-pulau kecil. Modul ajar ini didesain terdiri atas lima pokok pengenalan. Pokok pertama adalah mengenalkan...

To complement the early warning signals literature, we study the determinants of banking and currency crises for small states and currency boards. Building on the crisis dataset by Laeven and Valencia (2020), we estimate a binominal logit model to identify the determinants of crises, and as a...

Small states, classified as countries with population barely exceeding 1.5m, encounter special development challenges. Although they share common characteristics of small population and size of land area, they also differ along other characteristics such as geography, remoteness, and dispersion....

Over the past two decades, the study of entrepreneurship and its importance to the economy has increased in appeal to academics, practitioners and governments. This study explores entrepreneurship in small island economies within regions based on Total Entrepreneurial Activity (TEA) and...

Building resilience to disasters continues to pose challenges for developing countries. Historically, small island developing states (SIDS) bordering the Pacific Ocean have suffered from multiple hazards, such as earthquakes, coastal erosion, floods, and cyclones. Population increase, uneven...

Rising income inequality has emerged as a major policy issue facing policymakers, but there is a dearth of empirical work on inequality in small states, including the Caribbean. Despite data limitations, the empirical analysis using a sample of small states finds that increased openness and...

Employing a political-economics approach, this paper compares small states and unions when the former fail to internalize cross-border externalities of publicly provided goods. It discusses two types of unions: federations with more than one level of government and unitary states. While unitary...

The success of startups largely depends on the level of development of the startup ecosystem. Therefore, this article examines a previously unconsidered issue: what is the impact of large exits in countries with a small economy on the development of the startup ecosystem? To answer this...

In the past few decades, the tourism sector has emerged as a significant economic activity in island nations, particularly in tropical regions. However, most of the tropical islands face similar constraints. National and international tourists visit the SIDS including A & N Islands and...

In the contemporary globalized, multi-polar and competitive conditions, small states, which count for more than half of the world’s states, through economic diplomacy endeavors aim to position themselves in the best possible way, in order to assure their economic development and political...

The promise of diaspora business networks is yet to materialize in a sustainable fashion. This paper offers a realistic, survey-based, perspective of diaspora driven economic development in small economies of Europe and the former Soviet Union. Emphasizing new waves of international migration...

In a previous analysis of the West African Monetary Union, Macedo(1985a), size is taken to be a major structural characteristic of a country in the sense that large countries are not affected by disturbances originating in small countries but small countries are affected by large countries'...

The transportation sector is a major contributor to the global release of greenhouse gases. Electric vehicles have been widely accepted in the automobile industry, and will continue to become more popular. Island societies are the perfect locations to try to entirely transition to EVs. Their...

After approximately 30 years, and following a decisive move towards integrated care systems, competition reforms in English healthcare seem to be rejected, even though the underlying relationship between the public healthcare system and private healthcare market remains. This paper explains how...

This paper examines the relationship between the brain drain and country size, as well as the extent of small states' overall loss of human capital. We find that small states are the main losers because they i) lose a larger proportion of their skilled labor force and ii) exhibit stronger...

Recent changes in information and communication technologies (ICT) have contributed to a dramatic increase in the integration and interdependence of countries, markets and people. This paper focuses on an increasingly important aspect of globalization, the international movement of people, with...

This paper examines the impact of North-South trade-related technology diffusion on TFP growth in small and large states in the South. The main findings are: i) TFP growth increases with North-South trade-related technology diffusion, with education, and with the interaction between the two, and...

Small Island Developing States (SIDS), like many other places globally, are dealing with air pollution challenges. While not considered as expansive a challenge as perhaps the largest urban cities in the developing world, SIDS fragile economic and environmental conditions, limited technological...

In this paper I present in detail a methodology I have designed based on Hidalgo and Hausmann's Method of Reflections. The application of the original Method of Reflections (MoR) is restricted to economies with trade value of more than a billion dollar (USD) export a year. Based on my...

In this study, we explore the emerging derisking phenomenon by identifying and analysing the main factors that are affected by, and the implications of, the derisking process by focusing on the key drivers and implications of derisking specific to Malta. To do this, we carried out 32 interviews...

Image acquisition and surveying using unmanned aerial vehicles (UAVs) is a very promising technology for Small Island Developing States (SIDS). UAVs can be a relatively low-cost data collection tool at the surveying scales often needed in small island contexts. Further, UAVs can capture...