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Terms-of-trade shocks and sector labor reallocation : the case of Jamaica, Guyana, and Trinidad and Tobago

By: Material type: TextTextPublication details: [Caribbean Centre for Money and Finance] [St. Augustine]TT 2009Description: 19, [9] pAction note:
  • 12/8/09 JOYD
Summary: Quantifies the long-run impact of terms-of-trade shocks on real gross domestic income growth of Jamaica, Guyana, and Trinidad and Tobago and relates these effects to the reallocation of labour across sectors in response to such shocks. Discusses broadly defined fiscal policy responses that may mitigate or exacerbate the incidence of terms-of-trade shocks on income growth via the sector labour allocation channel.
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Monograph CARICOM Documentation Centre 11.02.01 M742is(2009) (Browse shelf(Opens below)) Available 0000000028515

Quantifies the long-run impact of terms-of-trade shocks on real gross domestic income growth of Jamaica, Guyana, and Trinidad and Tobago and relates these effects to the reallocation of labour across sectors in response to such shocks. Discusses broadly defined fiscal policy responses that may mitigate or exacerbate the incidence of terms-of-trade shocks on income growth via the sector labour allocation channel.

12/8/09 JOYD

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