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Caribbean Bananas The Macroeconomic Impact of Trade Preference Erosion

This paper examines the macroeconomic effects of the erosion of trade preferences, with a focus on the export of Caribbean bananas to Europe. Estimates are made of the magnitude of implicit assistance provided over a period of three decades to eastern Caribbean countries through banana trade prefere...

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Bibliographic Details
Main Author: Cashin, Paul
Other Authors: Mlachila, Montfort, Haines, Cleary
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2010
Series:IMF Working Papers
Subjects:
Tariff
Tariffs
Farm Produce
International Trade Organizations
Public Finance & Taxation
Trade Policy
Trade Liberalization
Trade: General
Exports And Imports
International Economics
Agriculture: General
Investments: Commodities
Commercial Policy
International Trade
Exports
Agricultural Commodities
Investment & Securities
Taxation
Trade Relations
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper examines the macroeconomic effects of the erosion of trade preferences, with a focus on the export of Caribbean bananas to Europe. Estimates are made of the magnitude of implicit assistance provided over a period of three decades to eastern Caribbean countries through banana trade preferences. The value of such assistance rose until the early 1990s, and has declined precipitously since then. Using vector autoregressive analysis, the paper finds that changes in the level of implicit assistance have had a considerable macroeconomic impact, especially on Caribbean real GDP growth
Physical Description:42 pages
ISBN:9781451963793

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