Relying mainly on the manuscript records of the Royal African Company, we explore the factors that contributed to the large gap between slave prices in Africa and the Caribbean. Twenty-two voyages from the mid-1680s are analyzed. These were conducted with hired ships and the payments to the shipowners and captains were recorded. In addition to transport costs, mortality and morbidity had a big effect on slave prices; while the earnings from the trade in gold and ivory had a moderating influence. The effect of mortality and transport costs on slave prices during the eighteenth century is also explored. [ABSTRACT FROM AUTHOR].
38 p., Analyzes total factor productivity growth in agriculture in Latin America and the Caribbean between 1961 and 2007. The results show that among developing regions, Latin America and the Caribbean shows the highest agricultural productivity growth. The highest growth within the region has occurred in the last two decades, especially due to improvements in efficiency and the introduction of new technologies. Within the region, land-abundant countries consistently outperform land-constrained countries.
Assesses if the economies of Barbados, Jamaica, Trinidad and Tobago, and Guyana can form part of a Caribbean monetary union. Correlations between the demand and supply indicate that monetary union may lead to greater stabilization problems for these economies.
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.
Part of a special journal issue dedicated to strategies for societal renewal in Haiti., The global community has an obligation to ensure that the reconstruction of Haiti's infrastructure increases economic resilience by adding value to existing assets and reducing vulnerability to external shocks, whether from natural disasters like earthquakes or man-made crises like spiking energy prices. This paper highlights a strategy for coordination across the development process, identifying the roles different partner groups can play, and identifying several priorities for that coordinated effort as the rebuilding process gets underway.
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.
