A sectoral analysis of Barbados’ GDP business cycle

CRAIGWELL, ROLAND and MAURIN, ALAIN (2007): A sectoral analysis of Barbados’ GDP business cycle. Published in: Journal of Eastern Caribbean Studies , Vol. 32, No. 1 (2007): pp. 21-52.

Abstract

This paper has two main objectives. Firstly, to establish and characterise a reference cycle (based on real output) for Barbados over the quarterly period 1974-2003 using the Bry and Boschan algorithm. Secondly, to link this aggregate output cycle to the cycles of the individual sectors that comprises real output. The overriding conclusions are that the cycles of tourism and wholesale and retail closely resembles that of the aggregate business cycle, while the non-sugar agriculture and fishing cycle is acyclical.

• Item Type: MPRA Paper
• Language: English
• Keywords: Barbados; Gross Domestic Product, Business Cycle
• Subjects: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations; Cycles; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy Macroeconomics; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook

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