Caribbean Economic Overview 2002 : Macroeconomic Volatility, Household Vulnerability, and Institutional and Policy Responses
This report uses an analytical framework that take into account the effect of natural disasters as well as country size in measuring the serious implications macroeconomic or aggregate volatility (marked period-to-period variations in measures of m...
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| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2002/06/1982683/caribbean-economic-overview-2002-macroeconomic-volatility-household-vulnerability-institutional-policy-responses http://hdl.handle.net/10986/15374 |
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okr-10986-15374 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
CARIBBEAN REGION VULNERABILITY NATURAL DISASTERS INTERNATIONAL TRADE LABOR MARKETS MACROECONOMIC SHOCKS ECONOMIC SHOCKS ECONOMIC GROWTH EXTERNAL FINANCE SOCIAL INDICATORS SELF-INSURANCE HOUSEHOLD WELFARE INDICATORS HOUSEHOLD SURVEYS HOUSEHOLD CONSUMPTION UNEMPLOYMENT RATES HOUSEHOLD INCOME HOUSEHOLD DATA COMMODITY STABILIZATION FUNDS TRADE STRUCTURE COMMODITY TRADE WORKERS REMITTANCES CAPITAL FLOWS AGGREGATE INCOME AGRICULTURAL PRODUCTION AGRICULTURAL SECTOR AGRICULTURE BUSINESS CYCLE BUSINESS CYCLES CAPITAL FLOWS CAPITAL FORMATION CONSUMERS CONSUMPTION GROWTH COUNTRY CASE COUNTRY SIZE CURRENCY DEBT DEPENDENT VARIABLE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DIRECT INVESTMENT DISECONOMIES DISPOSABLE INCOME DIVERSIFICATION DOMESTIC CREDIT DOMESTIC MARKETS ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC DOWNTURNS ECONOMIC FLUCTUATIONS ECONOMIC GROWTH ECONOMIC PERFORMANCE EDUCATED WORKERS EDUCATION LEVEL EXPORTS EXTERNAL DEBT EXTERNAL IMBALANCES EXTERNAL SHOCKS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SYSTEMS FISCAL DEFICITS FISCAL POLICIES FISCAL POLICY GDP GNP GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HEALTH CARE HIGH GROWTH HIGH VOLATILITY HOUSEHOLD DATA HUMAN CAPITAL IMPORTS INCOME DISTRIBUTION INCOME GROWTH INCOME LEVELS INCOME MEASURES INFLATION INFLATION RATES INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL MEASURES INSURANCE INTERNATIONAL TRADE LABOR FORCE LABOR MARKET LABOR MARKETS LIQUIDITY LIVING CONDITIONS LIVING STANDARDS M2 MACROECONOMIC ENVIRONMENT MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC SHOCKS MACROECONOMIC STABILITY MONETARY POLICY NATIONAL INCOME OIL PER CAPITA GROWTH PER CAPITA INCOME PER CAPITA INCOME LEVELS PER CAPITA INCOMES PERFORMANCE INDICATORS POLICY VOLATILITY POOR COUNTRIES POOR HOUSEHOLDS POPULATION GROWTH POVERTY LINE POVERTY REDUCTION PRICE FLUCTUATIONS PRIVATE CONSUMPTION PUBLIC POLICY PUBLIC SECTOR REAL INCOME REGIONAL AVERAGES REGRESSION ANALYSIS RELATIVE IMPORTANCE RISK MANAGEMENT SAFETY NET SAVINGS SOCIAL DEVELOPMENT SOCIAL WORK SOLVENCY STANDARD DEVIATION STATISTICAL ANALYSIS STRUCTURAL CHANGE TECHNOLOGICAL CHANGE TERMS OF TRADE TIME CONSTRAINTS TRADE OPENNESS TRADE SHOCKS UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES VULNERABILITY WELFARE GAINS YOUTH YOUTH DEVELOPMENT |
| spellingShingle |
CARIBBEAN REGION VULNERABILITY NATURAL DISASTERS INTERNATIONAL TRADE LABOR MARKETS MACROECONOMIC SHOCKS ECONOMIC SHOCKS ECONOMIC GROWTH EXTERNAL FINANCE SOCIAL INDICATORS SELF-INSURANCE HOUSEHOLD WELFARE INDICATORS HOUSEHOLD SURVEYS HOUSEHOLD CONSUMPTION UNEMPLOYMENT RATES HOUSEHOLD INCOME HOUSEHOLD DATA COMMODITY STABILIZATION FUNDS TRADE STRUCTURE COMMODITY TRADE WORKERS REMITTANCES CAPITAL FLOWS AGGREGATE INCOME AGRICULTURAL PRODUCTION AGRICULTURAL SECTOR AGRICULTURE BUSINESS CYCLE BUSINESS CYCLES CAPITAL FLOWS CAPITAL FORMATION CONSUMERS CONSUMPTION GROWTH COUNTRY CASE COUNTRY SIZE CURRENCY DEBT DEPENDENT VARIABLE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DIRECT INVESTMENT DISECONOMIES DISPOSABLE INCOME DIVERSIFICATION DOMESTIC CREDIT DOMESTIC MARKETS ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC DOWNTURNS ECONOMIC FLUCTUATIONS ECONOMIC GROWTH ECONOMIC PERFORMANCE EDUCATED WORKERS EDUCATION LEVEL EXPORTS EXTERNAL DEBT EXTERNAL IMBALANCES EXTERNAL SHOCKS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SYSTEMS FISCAL DEFICITS FISCAL POLICIES FISCAL POLICY GDP GNP GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HEALTH CARE HIGH GROWTH HIGH VOLATILITY HOUSEHOLD DATA HUMAN CAPITAL IMPORTS INCOME DISTRIBUTION INCOME GROWTH INCOME LEVELS INCOME MEASURES INFLATION INFLATION RATES INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL MEASURES INSURANCE INTERNATIONAL TRADE LABOR FORCE LABOR MARKET LABOR MARKETS LIQUIDITY LIVING CONDITIONS LIVING STANDARDS M2 MACROECONOMIC ENVIRONMENT MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC SHOCKS MACROECONOMIC STABILITY MONETARY POLICY NATIONAL INCOME OIL PER CAPITA GROWTH PER CAPITA INCOME PER CAPITA INCOME LEVELS PER CAPITA INCOMES PERFORMANCE INDICATORS POLICY VOLATILITY POOR COUNTRIES POOR HOUSEHOLDS POPULATION GROWTH POVERTY LINE POVERTY REDUCTION PRICE FLUCTUATIONS PRIVATE CONSUMPTION PUBLIC POLICY PUBLIC SECTOR REAL INCOME REGIONAL AVERAGES REGRESSION ANALYSIS RELATIVE IMPORTANCE RISK MANAGEMENT SAFETY NET SAVINGS SOCIAL DEVELOPMENT SOCIAL WORK SOLVENCY STANDARD DEVIATION STATISTICAL ANALYSIS STRUCTURAL CHANGE TECHNOLOGICAL CHANGE TERMS OF TRADE TIME CONSTRAINTS TRADE OPENNESS TRADE SHOCKS UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES VULNERABILITY WELFARE GAINS YOUTH YOUTH DEVELOPMENT Caribbean Group for Cooperation in Economic Development Caribbean Economic Overview 2002 : Macroeconomic Volatility, Household Vulnerability, and Institutional and Policy Responses |
| geographic_facet |
Latin America & Caribbean |
| description |
This report uses an analytical framework
that take into account the effect of natural disasters as
well as country size in measuring the serious implications
macroeconomic or aggregate volatility (marked
period-to-period variations in measures of macroeconomic
performance, such as GDP growth) has for individuals and
households in Caribbean countries. The report is organized
as follows: Chapter 1 reviews the recent economic and social
development of the Caribbean. Chapter 2 begins by
characterizing volatility of aggregate income and
consumption growth and by employing regression analysis to
assess the relative importance of the different factors that
would be expected to determine macroeconomic volatility in
the Caribbean. The chapter also examines factors that might
be expected to influence the extent to which macroeconomic
volatility is absorbed or amplified-that is, the extent of
financial market development, the behavior of remittances,
and the size and volatility of external capital flows.
Chapter 3 addresses the broad question of how macroeconomic
volatility in the Caribbean affects households and their
income and consumption,; and how households respond to
shocks and how such effects differ by socioeconomic status.
Chapter 4 reviews the extent to which countries and
households in the Caribbean region use market insurance,
self-insurance, self-protection, or other outside protection
mechanisms to deal with aggregate shocks. It points to
policy areas for further attention |
| author |
Caribbean Group for Cooperation in Economic Development |
| author_facet |
Caribbean Group for Cooperation in Economic Development |
| author_sort |
Caribbean Group for Cooperation in Economic Development |
| title |
Caribbean Economic Overview 2002 : Macroeconomic Volatility, Household Vulnerability, and Institutional and Policy Responses |
| title_short |
Caribbean Economic Overview 2002 : Macroeconomic Volatility, Household Vulnerability, and Institutional and Policy Responses |
| title_full |
Caribbean Economic Overview 2002 : Macroeconomic Volatility, Household Vulnerability, and Institutional and Policy Responses |
| title_fullStr |
Caribbean Economic Overview 2002 : Macroeconomic Volatility, Household Vulnerability, and Institutional and Policy Responses |
| title_full_unstemmed |
Caribbean Economic Overview 2002 : Macroeconomic Volatility, Household Vulnerability, and Institutional and Policy Responses |
| title_sort |
caribbean economic overview 2002 : macroeconomic volatility, household vulnerability, and institutional and policy responses |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2002/06/1982683/caribbean-economic-overview-2002-macroeconomic-volatility-household-vulnerability-institutional-policy-responses http://hdl.handle.net/10986/15374 |
| _version_ |
1764427077252022272 |
| spelling |
okr-10986-153742021-04-23T14:03:14Z Caribbean Economic Overview 2002 : Macroeconomic Volatility, Household Vulnerability, and Institutional and Policy Responses Caribbean Group for Cooperation in Economic Development CARIBBEAN REGION VULNERABILITY NATURAL DISASTERS INTERNATIONAL TRADE LABOR MARKETS MACROECONOMIC SHOCKS ECONOMIC SHOCKS ECONOMIC GROWTH EXTERNAL FINANCE SOCIAL INDICATORS SELF-INSURANCE HOUSEHOLD WELFARE INDICATORS HOUSEHOLD SURVEYS HOUSEHOLD CONSUMPTION UNEMPLOYMENT RATES HOUSEHOLD INCOME HOUSEHOLD DATA COMMODITY STABILIZATION FUNDS TRADE STRUCTURE COMMODITY TRADE WORKERS REMITTANCES CAPITAL FLOWS AGGREGATE INCOME AGRICULTURAL PRODUCTION AGRICULTURAL SECTOR AGRICULTURE BUSINESS CYCLE BUSINESS CYCLES CAPITAL FLOWS CAPITAL FORMATION CONSUMERS CONSUMPTION GROWTH COUNTRY CASE COUNTRY SIZE CURRENCY DEBT DEPENDENT VARIABLE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DIRECT INVESTMENT DISECONOMIES DISPOSABLE INCOME DIVERSIFICATION DOMESTIC CREDIT DOMESTIC MARKETS ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC DOWNTURNS ECONOMIC FLUCTUATIONS ECONOMIC GROWTH ECONOMIC PERFORMANCE EDUCATED WORKERS EDUCATION LEVEL EXPORTS EXTERNAL DEBT EXTERNAL IMBALANCES EXTERNAL SHOCKS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SYSTEMS FISCAL DEFICITS FISCAL POLICIES FISCAL POLICY GDP GNP GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HEALTH CARE HIGH GROWTH HIGH VOLATILITY HOUSEHOLD DATA HUMAN CAPITAL IMPORTS INCOME DISTRIBUTION INCOME GROWTH INCOME LEVELS INCOME MEASURES INFLATION INFLATION RATES INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL MEASURES INSURANCE INTERNATIONAL TRADE LABOR FORCE LABOR MARKET LABOR MARKETS LIQUIDITY LIVING CONDITIONS LIVING STANDARDS M2 MACROECONOMIC ENVIRONMENT MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC SHOCKS MACROECONOMIC STABILITY MONETARY POLICY NATIONAL INCOME OIL PER CAPITA GROWTH PER CAPITA INCOME PER CAPITA INCOME LEVELS PER CAPITA INCOMES PERFORMANCE INDICATORS POLICY VOLATILITY POOR COUNTRIES POOR HOUSEHOLDS POPULATION GROWTH POVERTY LINE POVERTY REDUCTION PRICE FLUCTUATIONS PRIVATE CONSUMPTION PUBLIC POLICY PUBLIC SECTOR REAL INCOME REGIONAL AVERAGES REGRESSION ANALYSIS RELATIVE IMPORTANCE RISK MANAGEMENT SAFETY NET SAVINGS SOCIAL DEVELOPMENT SOCIAL WORK SOLVENCY STANDARD DEVIATION STATISTICAL ANALYSIS STRUCTURAL CHANGE TECHNOLOGICAL CHANGE TERMS OF TRADE TIME CONSTRAINTS TRADE OPENNESS TRADE SHOCKS UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES VULNERABILITY WELFARE GAINS YOUTH YOUTH DEVELOPMENT This report uses an analytical framework that take into account the effect of natural disasters as well as country size in measuring the serious implications macroeconomic or aggregate volatility (marked period-to-period variations in measures of macroeconomic performance, such as GDP growth) has for individuals and households in Caribbean countries. The report is organized as follows: Chapter 1 reviews the recent economic and social development of the Caribbean. Chapter 2 begins by characterizing volatility of aggregate income and consumption growth and by employing regression analysis to assess the relative importance of the different factors that would be expected to determine macroeconomic volatility in the Caribbean. The chapter also examines factors that might be expected to influence the extent to which macroeconomic volatility is absorbed or amplified-that is, the extent of financial market development, the behavior of remittances, and the size and volatility of external capital flows. Chapter 3 addresses the broad question of how macroeconomic volatility in the Caribbean affects households and their income and consumption,; and how households respond to shocks and how such effects differ by socioeconomic status. Chapter 4 reviews the extent to which countries and households in the Caribbean region use market insurance, self-insurance, self-protection, or other outside protection mechanisms to deal with aggregate shocks. It points to policy areas for further attention 2013-08-27T19:28:59Z 2013-08-27T19:28:59Z 2002-06 http://documents.worldbank.org/curated/en/2002/06/1982683/caribbean-economic-overview-2002-macroeconomic-volatility-household-vulnerability-institutional-policy-responses http://hdl.handle.net/10986/15374 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Latin America & Caribbean |