Socio-Economic Planning in an Era of Falling Oil Revenues: The Case of Venezuela
Abstract
In August 1983, the Caribbean Basin Economic Recovery Act was signed into law by President
Reagan. The purpose of the Act was to liberalize trade, to promote local investment, and to increase
supplemental aid to developing countries. In this paper a model of one of the beneficiary countries
(Jamaica) is built and growth rates of selected macroeconomic variables are estimated through 1990. The
potential for positive economic growth in Jamaica is assessed. We conclude that an optimal program for
Jamaica seems to be one of moderate growth in central bank credit combined with a small increase in
exports.
Description
Socio-Economic Planning Sciences, vol. 22, no. 2, 1988.
Refereed Journal Article
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.Collections
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