Tourism Services Exports and Economic Growth in Barbados

This article investigated the relationship between tourism and economic growth in Barbados from 1974–2004 using the techniques of multivariate cointegration, causality testing, and innovation accounting. Findings reveal the existence of a long-run relationship between tourist activity and economic growth. However, the nature of the directional relationship and the importance of the real exchange rate as an important determinant appear to be dependent on how output is specified and the statistical techniques employed. Still, our results provide justification for the Government of Barbados’ objective of investing in its tourism industry as a means of stimulating growth over the long term. As there is an indication that forward and backward linkages are not as fully developed as they could be, and initiatives should also be put in place to foster stronger linkages between the tourism industry and other sectors, such as agriculture, food and beverage, and transportation. It is recommended, though, that policymakers do not over-rely on tourism for economic growth and that they pay greater attention to other industries given the tourism industry’s capricious nature

The Voyages of the ever renowned Sr. Francis Drake into the West Indies [electronic resource] : viz., his great adventures for gold and silver, with the gaining thereof, and an account of his surprising of Nombre de Dios : a large account of that voyage wherein he encompassed the world : his voyage made with Francis Knollis, and others, their taking the towns of St. Jago, Sancto Domingo, Carthageno, and Saint Augustin : his last voyage (in which he died) being accompanied with several valiant commanders, and the manner of his burial : collected out of the notes of the most approved authors, to which is added an account of his valorous exploits in the Spanish invasion.

"An abridged version of Sir Francis Drake revived"--NUC pre-1956 imprints."Sir Francis Drake his voyage about the world (p. 55-115) compiled by Francis Drake, nephew of the admiral", and "A relation of Sr. Francis Drakes West-Indian voyage (p. 116-137) by Walter Bigges"--NUC pre-1956 imprints.Imperfect: print show-through with some loss of print.Reproduction of original in the Harvard University Library.WingElectronic reproduction