Debt and Development in SIDS: Issues, Institutions, and Insights

Damien King

Chapter Chapter 12 in Debt and Development in Small Island Developing States, 2014, pp 251-265 from Palgrave Macmillan

Abstract: Abstract The claim often made by small island governments that they are naturally disadvantaged in the global economy appears not to have broad empirical support. Easterly and Kraay (2000) show that the growth rates of small states are no lower than, and controlling for other factors, their per capita GDPs are higher than, those of larger states. Rose (2006) concludes that small countries do not have systematically different outcomes for level of income, material well-being, health, education, and a number of other measures. While smallness appears not to create a disadvantage for standard of living in general, however, Small Island Developing States (SIDS) do show at least one economic malady that makes them stand out from their peers—relatively high levels of public debt.

Keywords: Public Debt; Debt Service; Caribbean Island; Small Island Develop States; Fiscal Consolidation (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1057/9781137392787_12

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