Labor Market Issues in the Caribbean: Scope to Mobilize Employment Growth

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Author/Editor: Magda E Kandil, Genevieve Lindow, Mario Mansilla, Joel Chiedu Okwuokei, Jochen M Schmittmann, Qiaoe Chen, Xin Li, Marika Santoro, Solomon Stavis
Release Date: © July, 2014
ISBN : 978-1-49838-780-4
Stock #: WPIEA2014115
English
Stock Status: On back-order

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Description

The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth to major sources of labor market determinants, in the long and short run. The main determinants of employment include government investment and private sector credit, while the major determinants of external performance are real effective exchange rate, the price of major exporting commodities, the number of tourists, and growth in major trading partners. The paper concludes with a menu of policy recommendations and structural reforms towards sustaining high employment growth and higher living standards in the Caribbean.




More publications in this series: Working Papers


More publications by: Magda E Kandil ; Genevieve Lindow ; Mario Mansilla ; Joel Chiedu Okwuokei ; Jochen M Schmittmann ; Qiaoe Chen ; Xin Li ; Marika Santoro ; Solomon Stavis