Reports on an empirical investigation into how small, family-owned businesses in Jamaica raise financing for business start-up and business growth. Access to finance has been one of the most critical issues affecting the growth and survival of these firms in the Jamaican economy but very little empirical work has been done in this area. This study uses survey data collected from over 250 family-owned enterprises from all the industrial sectors in the economy and analyzed, using multivariate statistical techniques. The results revealed that internal sources of financing are usually used to finance business start-up while external sources are used to finance business growth.
Burger,John (Author), Rebucci,Alessandro (Author), Warnock,Francis E. (Author), and Warnock,Veronica (Author)
Format:
Pamphlet
Publication Date:
May 2010
Published:
Washington, DC: Inter-American Development Bank
Location:
African American Research Center, Library, University of Illinois at Urbana-Champaign
Notes:
39 p., This paper assesses the extent to which a country's external capital structure can aid in mitigating the macroeconomic impact of oil price shocks. Two Caribbean economies highly vulnerable to oil price shocks are considered: an oil importer (Jamaica) and an oil exporter (Trinidad and Tobago). From a risk-sharing perspective, a desirable external capital structure is one that, through international capital gains and losses, helps offset responses of the current account balance to external shocks. It is found that both countries could alter their international portfolio to provide a better buffer against such shocks.
High Commissioner [Maxine Roberts] was praised for her dedication and commitment to both Jamaica and Jamaican community in the United Kingdom (UK). Manager of National Commercial Bank, UK Operations, Dale Robinson said Miss Roberts was a true friend to the Jamaican businesses operating in the UK.
"We are aware of the crackdown on illegal Cash Pot activities, however, it is difficult to precisely estimate the losses," said SVL President and Chief Executive Officer Brian George. "Based on the success of the BGLC, we believe it is down, however, in these difficult economic times we recognize the temptation for this activity by the small operators," George told The Weekly Gleaner via email. "This has the greatest potential for growth and it is the area that we understand that the BGLC is focusing their activities," explained George.
Constructs a monetary policy indicator from monetary policy documents and the actions of the Bank of Jamaica and Ministry of Finance and Economic Planning, and uses it to estimate four variants of an analytical narrative-vector error correction model.
