Tourism Services Exports and Economic Growth in Barbados
In: The International trade journal, Volume 25, Issue 2, p. 205-232
ISSN: 1521-0545
5 results
Sort by:
In: The International trade journal, Volume 25, Issue 2, p. 205-232
ISSN: 1521-0545
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Volume 32, Issue 3, p. 418-431
ISSN: 0161-8938
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Volume 32, Issue 3, p. 418-432
ISSN: 0161-8938
In: IMF Working Paper No. 12/157
SSRN
In: IMF working paper 12/157
In: IMF Working Papers
This paper addresses the issue of threshold effects between public debt and economic growth in the Caribbean. The main finding is that there exists a threshold debt to gross domestic product (GDP) ratio of 55-56 percent. Moreover, the debt dynamics begin changing well before this threshold is reached. Specifically, at debt levels lower than 30 percent of GDP, increases in the debt-to-GDP ratio are associated with faster economic growth. However, as debt rises beyond 30 percent, the effects on economic growth diminishes rapidly and at debt levels reaching 55-56 percent of GDP, the growth impact