In 1974, after two decades of a market-oriented economy, Jamaica changed its economic regime from liberal to populist. In 1980 there was a return to the liberal regime, accompanied by price decontrols and liberalization of trade. The first part of this paper compares the economy's growth performance under the different regimes in following three dimensions: growth in factor endowments; in factor allocation; and in factor utilization. It then seeks...
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1987/06/01
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Рабочий документ департамента
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DRD297
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1
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1
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2013/06/10
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Disclosed
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Costs and returns to liberalization : the Jamaican case
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capital stock
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