Jamaican exporters face significant constraints including high energy costs

This article examines the supply side constraints affecting export development in Jamaica.

Jamaica Export

The analysis is based on a survey of non-traditional exporters. The results of the survey indicate that Jamaican exporters face significant supply side constraints including lack of access to capital, insufficient innovation, an unstable macroeconomic environment, high energy costs and infrastructural deficiencies. The article concludes that in the cases of those developing countries facing binding supply side constraints, measures to relax such constraints are necessary to allow them to take full advantage of available market access.

In the case of Jamaica, measures required to relax supply side constraints include establishment of venture capital institutions, stimulation of innovation, upgrading of infrastructure and promotion of macroeconomic stability.

Author:

Dr. Marie Freckleton (Department of Economics, University of the West Indies)

Learn more: marie.freckleton@uwimona.edu.jm

Advertisements

Be sure to leave a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s