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dc.titleCaribbean Quarterly Economic Bulletin: Volume 10: Issue 3, January 2022: Digital Infrastructure and Development in the Caribbean
dc.contributor.authorRosenblatt, David
dc.contributor.authorMooney, Henry
dc.contributor.authorGarcía Zaballos, Antonio
dc.contributor.authorOrtiz de Mendívil, Cloe
dc.contributor.authorMcCaskie, Ariel
dc.contributor.authorGauto, Victor
dc.contributor.authorChristie, Jason
dc.contributor.authorKhadan, Jeetendra
dc.contributor.authorAbdul-Haqq, Nazera
dc.contributor.orgunitCountry Department Caribbean Group
dc.coverageBahamas
dc.coverageBarbados
dc.coverageGuyana
dc.coverageJamaica
dc.coverageSuriname
dc.coverageTrinidad and Tobago
dc.coverageThe Caribbean
dc.date.available2022-01-10T16:30:00
dc.date.issue2022-01-10T00:00:00
dc.description.abstractThis edition reviews the long-term performance of economic growth and productivity in the region. It then draws on research from the Inter-American Development Banks Connectivity, Markets, and Finance Division that estimates how much investment in digital infrastructure is needed for countries across Latin America and the Caribbean to reach the levels of advanced economies. This research also estimates both the potential economic benefits associated with that investment and its costs, highlighting the potentially large multipliers associated with closing digital infrastructure gaps. The highlights of the analysis are as follows. It is estimated that closing the digital access gap between Caribbean economies and members countries of the Organization for Economic Co-operation and Development (OECD) could potentially increase the regions GDP by about 6 to 12 percent over the medium term, depending on the country. These gains are multiples of the estimated costs, ranging from about 2 times to nearly 50 times those estimated costs. Productivity gains represent about 80 percent of the estimated improvements in GDP. As is typical with the Caribbean Quarterly Bulletin, the Regional Overview is followed by country sections that provide more detailed analysis for each of the countries covered.
dc.format.extent62
dc.identifier.doihttp://dx.doi.org/10.18235/0003914
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Caribbean-Quarterly-Economic-Bulletin-Volume-10-Issue-3-December-2021.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectEconomy
dc.subjectBroadband Policy
dc.subjectGross Domestic Product
dc.subjectBroadband Service
dc.subjectInfrastructure Development
dc.subjectDigital Economy
dc.subjectDigital Infrastructure
dc.subjectEconomic Development and Growth
dc.subjectEconomic Policy
dc.subject.jelcodeC54 - Quantitative Policy Modeling
dc.subject.jelcodeD24 - Production • Cost • Capital • Capital, Total Factor, and Multifactor Productivity • Capacity
dc.subject.jelcodeE00 - Macroeconomics and Monetary Economics: General: General
dc.subject.jelcodeE60 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
dc.subject.jelcodeH12 - Crisis Management
dc.subject.jelcodeH54 - Infrastructures • Other Public Investment and Capital Stock
dc.subject.jelcodeO1 - Economic Development
dc.subject.jelcodeO14 - Industrialization • Manufacturing and Service Industries • Choice of Technology
dc.subject.jelcodeO54 - Latin America • Caribbean
dc.subject.keywordsCaribbean;Economic Development and Growth;Infrastructure;Productivity
dc.typeMagazines, Journals and Newsletters
idb.identifier.pubnumberIDB-JN-00275
idb.operationRG-P1791
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