The productivity-wage gap and the current account balance : examining causality
- [St. Augustine]TT [Caribbean Centre for Money and Finance] 2009
- 22 p.
Uses an unbalanced annual panel data for Barbados 1985-2001; Jamaica 1972-2005; and Trinidad 1985-2001; to determine whether there indeed exists a causal relationship between the wage-productivity gap and the current account.