01052nam a2200121Ia 450000500170000010000200001724501380003726000090017552007040018458300190088894200060090799900170091320260716043307.0  aBourne, Compton  aReal debt service capacity of Commonwealth Caribbean countries : a preliminary econometric study of Barbados and Trinidad and Tobago.  c1990  aAdvances the concept of real debt service capacity as the capacity of an economy to honour its external debt obligations without depressing its economic growth rate, employment levels and creating other serious macroeconomic problems.  Draws the following conclusions from the econometric results: (1) large abrupt increases in debt service payments may result in serious depressions of domestic economic activity in small island economies; (2) debt relief resulting in reduced debt outflows could serve to resuscitate investment and economic growth; and (3) overall, the real debt service capacity of small highly specialized open economies such as Barbados and Trinidad and Tobago is very limited.  c3/7/00kM2LMGR  cA  c44266d44266