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Publication Type
Book Chapter
UWI Author(s)
Author, Analytic
King, Damien
Author Affiliation, Ana.
Department of Economics
Title, Analytic
Balance of payments liberalization, poverty, and distribution in Jamaica
Medium Designator
n/a
Connective Phrase
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Author, Monographic
Ganuza, Enrique; Paes de barros, Ricardo; Taylor, Lance; Vos, Rob
Author Role
Editor
Title, Monographic
Liberalizacion, Desgualdad y Pobreza: America Latina y el Caribe en los 90
Reprint Status
n/a
Edition
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Place of Publication
Buenos Aires
Publisher Name
Editoral Universitaria de Buenos Aires
Date of Publication
2001
Volume ID
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Issue ID
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Page(s)
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Series Editor
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Series Editor Role
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Series Title
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Series Volume Identification
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Series Issue Identification
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Connective Phrase
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Notes
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Abstract
A CGE model with macro-simulation extensions is used to isolate the effect of balance-of-payments liberalization on poverty and distribution in Jamaica. Taken as a whole, the results indicate that balance of payments liberalization will have a positive but small effect on the economic welfare of the poor, although the extent of the impact depends on the type of policy implemented. By far the 'best' policy from a poverty standpoint is capital account liberalization, with current account liberalization delivering smaller declines in poverty. For both policies, it is the extremely poor who are likely to benefit the most. The results imply that trade and payments reform by itself played only a small but nontheless positive role in the observed poverty and distribution outcomes in Jamaica in the 1990s.....
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