Caribbean Economics Quarterly: Volume 13, Issue 3: Innovation for Faster Economic Growth in the Caribbean: Are We There Yet?
Peer Reviewed
Date issued
Dec 2024
Subject
Innovation;
Economic Impact;
Small Business;
Inflation;
Labor Force;
Gross Domestic Product;
Financial Market;
Economy;
Economic Equality;
Innovative Firm;
Economic Recession;
Intellectual Property;
Digital Technology;
Economic Recovery;
Financial Risk;
Fiscal Consolidation
JEL code
C50 - Econometric Modeling: General;
D22 - Firm Behavior: Empirical Analysis;
E00 - Macroeconomics and Monetary Economics: General: General;
G30 - Corporate Finance and Governance: General;
H12 - Crisis Management;
J16 - Economics of Gender • Non-labor Discrimination;
J20 - Demand and Supply of Labor: General;
J71 - Discrimination;
J82 - Labor Force Composition;
L23 - Organization of Production;
L25 - Firm Performance: Size, Diversification, and Scope;
L51 - Economics of Regulation;
M20 - Business Economics: General;
M51 - Firm Employment Decisions • Promotions;
O12 - Microeconomic Analyses of Economic Development;
O54 - Latin America • Caribbean
Country
Bahamas;
Barbados;
Guyana;
Jamaica;
Suriname;
Trinidad and Tobago
Category
Magazines, Journals and Newsletters
As discussed in several editions of the Caribbean Economics Quarterly, the Caribbean has seen anemic growth, high volatility, and low productivity over the past few decades. This edition of the Caribbean Economics Quarterly focuses on innovation which has been proven to be a key driver of productivity growth across economies. The underlying dataset for the analysis is the Innovation, Firm Performance, and Gender (IFPG) Survey conducted by the Compete Caribbean Partnership Facility in 2020. The survey was administered to 1,979 formal firms across 13 Caribbean countries. The report summarizes information from the innovation chapter of the recently released IDB book Are We There Yet? The Path toward Sustainable Private Sector Development in the Caribbean, and it provides a unique country-specific perspective for each of the six countries of the IDBs Caribbean Department - The Bahamas, Barbados, Guyana, Jamaica, Suriname and Trinidad and Tobago.
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