Publications Page

This paper evaluates the value of social partnerships as a governance tool for the Commonwealth Caribbean by examining the experiences of Botswana, Ireland and Barbados, as well as the less-than-successful attempts to implement a social partnership in Jamaica.

June, 2011
CaPRI
Thematic Area: 

The continued use of government revenues to sustain public sector deficits has been highlighted as a major structural weakness by the International Monetary Fund (IMF), which has called for Public Sector Reform (PSR). This paper looks at success factors for PSR in Jamaica.

June, 2011
CaPRI
Thematic Area: 

An overhaul of Jamaica’s tax system is long overdue, but maximizing the effectiveness of the reform process requires a clear sense of priority. This brief highlights the most pressing tax reform measures for improving the Jamaican economy. 

With the advent of the World Trade Organization (WTO), the EU and the Caribbean were forced to negotiate a more liberal Economic Partnership Agreement (EPA) in 2008 and renounce many of their preferential trade relationships. This research examines the impact of the EPA on Caribbean states, showing it to be modest.

Fiscal sustainability was finally breached during the 2009 fiscal year when interest payments reached an unprecedented 66 percent of revenues. This crisis precipitated the Jamaica Debt Exchange (JDX) in February 2010 which appears to have been well designed and executed.

Development assistance, specifically targeting renewables in developing countries, exceeded US $2 billion in 2008; such investment has been possible due to the existence of an enabling policy framework for renewables in the host country. This brief outlines the policy regimes available to Caribbean policy makers wishing to usher in a new energy era, by designing enabling policies which will allow them to tap into funding earmarked for renewable energy.

Within the next decade technological change will revolutionize the energy sector, with renewable energy based electricity becoming competitive with conventional (fossil-fuel based) electricity generation. This brief explores various mechanisms for mobilizing financial resources for investment in renewable energy technologies in the Caribbean.

The Economic Partnership Agreement (EPA) recently concluded by the European Union and CARIFORUM (the countries of CARICOM plus the Dominical Republic) replaces the Lomé arrangements and will govern trade between the two regions going forward. Using a computable general equilibrium (CGE) model, this exercise traces the economic impact of the tariff reductions on European Union imports into the Caribbean and consequently on the economies in the region.

November, 2009
CaPRI
Thematic Area: 

Given the scarcity of fiscal revenue in the country, the resources needed to improve the education system will have to be generated, not through new cash, but through re-allocation. This brief examines the current tertiary funding model and presents funding alternatives.

This paper provides an overview of the existing education system in Jamaica and an analysis on the use of education report cards and value-added assessments for increasing accountability in the education system

October, 2009
CaPRI
Thematic Area: 

The country faces significant gaps in its external and fiscal accounts. With limited credit options given the current international economic environment, economic restructuring is imperative to sustainable recovery. This paper shows recourse to the IMF offers a viable solution.

 

An assessment of the trading relationships between Latin American and Caribbean (LAC) countries and the economic potential to be derived from trade between the LAC region and other emerging economies.

September, 2009
CaPRI
Thematic Area: 

As we approach the end of 2009, in the aftermath of the global financial crisis, the global economy appears to be stabilizing. This brief weighs the options for the country’s next steps: reduction of public deficit or pursuit of a fiscal stimulus strategy.

Whenever the value of the Jamaican dollar depreciates there is public debate as to whether the country should change its currency regime to some form of fixed rate or dollarization. This study examines the exchange rate options for Jamaica.

December, 2008
CaPRI
Thematic Area: 

Recent work emphasizes the primacy of differences in countries’ colonially-bequeathed property rights and legal systems for explaining differences in their subsequent economic development. Barbados and Jamaica provide a striking counter example to this long-run view of income determination

December, 2008
CaPRI
Thematic Area: 

Social partnerships have emerged as a means for countries to cope with harsh economic circumstances. In this paper, we survey the experiences of other countries and conduct one-on-one consultations with Jamaican stakeholders to ascertain the prospects for successful social partnerships.

November, 2008
CaPRI
Thematic Area: 

Pressure for key public officials with dual citizenship to leave public posts has spawned a national debate on the issue. The Caribbean Policy Research Institute undertook a study to investigate the central claims being made by proponents and opponents of the constitutional provision which is the legal basis for such forced vacation.  

The services sector may serve as an important source of economic growth for the Caribbean, but only if the region moves beyond tourism to take advantage of emerging opportunities in other service areas.

Jamaica is one of the most indebted countries in the world. This paper explores the reasons for the indebtedness and analyses the impact of three policy initiatives on the future evolution of debt to provide fiscal policy guidelines.

Tens of thousands of Jamaicans are likely to have invested in informal investment schemes (IIS). The extent to which Jamaicans are likely to invest in IIS and the impact of these schemes on the economy is the focus of investigation in this study.

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