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Corresponding Author:
Roger Hosein, The University of the West Indies, Department of Economics, Kingston, Jamaica

Nirvana Satnarine-Singh, The University of West Indies, Deparment of Economics, Kingstone, Jamaica
George Saridakis, The University of West Indies, Deparment of Economics, Kingstone, Jamaica

The Spillover Effect of Exports: An Analysis of Caribbean SIDs

Volume 75 - Issue 1, February 2022
(pp. 1-28)
JEL classification: C01, C13, F14, O11, O40
Keywords: Exports, Productivity, CARICOM States, Caribbean, ARDL


The paper empirically examines the degree to which exports are productivity enhancing in fourteen Caribbean Community (CARICOM) states. To do so, exports are included in a modified production function and a panel autoregressive distributed lag (ARDL) model is specified and estimated using a Common Correlated Effects (CCE) estimator to determine the spillover effect of the export sector to the non-export sectors in these economies. The results indicate that there is a crowding out effect, such that as exports increases, non-export Gross Domestic Product (GDP) decreases.

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Institute for International Economics
of the Genoa Chamber of Commerce

Istituto di Economia Internazionale
Camera di Commercio di Genova
Via Garibaldi, 4 (III piano) - 16124 Genova (Italy)