7 research outputs found

    Two Tales of Entrepreneurship: Barbados, Jamaica, and the 1973 Oil Price Shock

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    From 1961 to 2011, Barbados’s GDP per capita grew roughly two times faster than Jamaica’s. As a result, the income gap between Barbados and Jamaica is now more than three times larger than at the time of independence. Qualitative historical analysis, exploiting the interplay between public policy and entrepreneurship before and after the 1973 oil price shock, demonstrates that pro-entrepreneurial policies in Barbados versus anti-business policies in Jamaica explain in part the economic divergence of these two islands

    Two Tales of Entrepreneurship: Barbados, Jamaica, and the 1973 Oil Price Shock

    Get PDF
    From 1961 to 2011, Barbados’s GDP per capita grew roughly two times faster than Jamaica’s. As a result, the income gap between Barbados and Jamaica is now more than three times larger than at the time of independence. Qualitative historical analysis, exploiting the interplay between public policy and entrepreneurship before and after the 1973 oil price shock, demonstrates that pro-entrepreneurial policies in Barbados versus anti-business policies in Jamaica explain in part the economic divergence of these two islands

    The use and effectiveness of social grants in South Africa

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    This research examines the effectiveness of social grants in South Africa, and how recipients use their grants. As a form of social protection, social grants not only ameliorate poverty and provide a safety net, they also potentially promote social transformation. The main report pulls together a number of aspects. First it reviews the scholarly literature on social grants, examining both the positive and negative outcomes associated with receiving social grants, focusing on state cash transfers to the elderly, children and the disabled. It then details qualitative and quantitative research undertaken to examine the effects of social grant receipt. This empirical research is combined and used to examine how social grants are used, including the extent to which they support household investments and contribute to financial activities. The report concludes by examining the policy implications of the findings.Institute for Poverty, Land and Agrarian Studies (PLAAS) Economic Policy Research Institute (EPRI

    The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy

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