Working Paper Series: Special Edition of 2016 to 2018 Interns

Table of Contents

1.0 Introduction.................................................................................................................... 154 2.0 Stylised Facts .................................................................................................................. 155 2.1 Natural Disaster Occurrences in the Caribbean .............................................................................. 155 2.2 Growth in the ECCU ......................................................................................................................... 155 2.3 Vulnerabilities of the ECCU Countries ............................................................................................. 156 2.4 Debt in the ECCU ............................................................................................................................. 157 3.0 Literature Review .......................................................................................................... 158 4.0 Data and Methodology ................................................................................................. 160 4.1 Data ................................................................................................................................................. 160 4.2 Model .............................................................................................................................................. 161 4.3 Methodology ................................................................................................................................... 162 4.3.1 Panel Least Squares ................................................................................................................. 162 4.3.2 Debt Sustainability Analysis ..................................................................................................... 162 4.4 A Priori Expectations ....................................................................................................................... 163 5.0 Results and Analysis ..................................................................................................... 164 5.1 Panel Least Squares Results ............................................................................................................ 164 5.2 Debt Sustainability Analysis Results ................................................................................................ 166 5.2.1 Limitations ................................................................................................................................ 168 5.2.2 Financing Needs ....................................................................................................................... 168 6.0 Conclusion ..................................................................................................................... 169 References .................................................................................................................................. 171

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