This article examines the supply side constraints affecting export development in Jamaica.
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.
About Author:
Dr. Marie Freckleton (Department of Economics, University of the West Indies)
To learn more, you can send message to: marie.freckleton@uwimona.edu.jm
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