Impact of Macroeconomic Policies in Trinidad and Tobago: The Firm under Adjustment

Overview

Developing countries undergoing economic crises have traditionally followed economic restructuring programs that are based on the premise that private investment recovery is assured once the market is allowed to prevail. There is little regard for the micro-level unit - the 'investing-firm' - in this process, the conditions that characterize the product and factor markets and the positioning of the firm at the outset of adjustment. This book focuses on the firm and its experience in the restructuring process ...

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Overview

Developing countries undergoing economic crises have traditionally followed economic restructuring programs that are based on the premise that private investment recovery is assured once the market is allowed to prevail. There is little regard for the micro-level unit - the 'investing-firm' - in this process, the conditions that characterize the product and factor markets and the positioning of the firm at the outset of adjustment. This book focuses on the firm and its experience in the restructuring process within the context of a heterogeneous private sector.

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Product Details

  • ISBN-13: 9780333993156
  • Publisher: Palgrave Macmillan
  • Publication date: 12/13/2002
  • Series: International Finance and Development
  • Edition description: REV
  • Pages: 464
  • Product dimensions: 5.64 (w) x 8.90 (h) x 1.26 (d)

Meet the Author

Philomen Harrison is a Programme Manager at the Carribean Community Secretariat Georgetown, Guyana.

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Table of Contents

List of Tables
List of Figures
List of Boxes
Acknowledgements
Series Editor's Preface
Introduction 1
1 The Private Sector's Role in Adjustment 13
2 The Private Sector in Trinidad & Tobago 59
3 The Micro-level Impact of Macroeconomic Policies: The Firm Under Adjustment 119
4 The Framework for Analysing the Firm Under Adjustment 179
5 Structural Changes During Adjustment: Heterogeneity Based on Size of Firm 219
6 Structural Changes During Adjustment: Heterogeneity Based on Firm Ownership 255
7 Structural Changes During Adjustment: Heterogeneity Based on Industry 273
8 The Private Sector During Adjustment: The Interaction of Price Incentives and Structural Factors 295
9 Conclusions: Private Sector Adjustment 347
References 373
Index 391
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