Regional Integration: What Is in It for CARICOM?

Moreira, Maurício Mesquita; Mendoza, Eduardo

doi:10.1353/eco.2008.0009

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“…Early research on monetary union in the region (and its lack of progress) is limited and lacks any rigorous framework (Anthony and Hughes-Hallett, 2000;Nichols et al, 2000). Later research employs a gravity model to examine the potential for trade integration between Caribbean economies (Elliott, 2007;Moreira and Mendoza, 2007). Both papers conclude that gains from trade between these economies are likely to be limited.…”

Section: Background and Literature Reviewmentioning

confidence: 99%

Convergence of Inflationary Shocks: Evidence from the Caribbean

Cuestas

Ramlogan-Dobson

2013

World Economy

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In this paper, we aim to shed some light on the inflation dynamics in the Caribbean. We analyse the inflation rates for twelve countries using various time series methods. The results show that the inflation rates are mean reverting processes and that there is evidence of a convergence club in inflation rates within the area, which contradicts previous studies. Our contribution implies a high degree of similarity in the dynamics of our target countries' inflation rates.

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