Do Tourism Receipts Contribute to the Sustainability of Current Account Deficits: A Case Study of Barbados

Troy Lorde, Shane Lowe and Brian Francis

MPRA Paper from University Library of Munich, Germany

Abstract: Given Barbados’ recent history of persistent current account deficits and reliance on tourism as a major source of foreign exchange and driver of the economy, this paper investigated the contribution of tourism receipts to the sustainability of Barbados’ current account deficits. Utilizing an inter-temporal budget approach, it was found that Barbados’ current account deficits were weakly sustainable as a result of tourism’s contribution, underscoring the island’s dependence on the industry.

Keywords: inter-temporal budget approach; current account deficits; sustainability; tourism receipts; Barbados; SITES (search for similar items in EconPapers)
JEL-codes: F32 H27 H62 L83 (search for similar items in EconPapers)
Date: 2010-07-07
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Citations: View citations in EconPapers (3)

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