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Procyclical Tendencies in a Small Oil Exporter

Author

Listed:
  • Hosein, Roger

    (The University of the West Indies, St. Augustine Campus, Trinidad and Tobago)

  • Jagessar, Jaymieon

    (The University of the West Indies, St. Augustine Campus, Trinidad and Tobago)

  • Dialsingh, Isaac

    (The University of the West Indies, St. Augustine Campus, Trinidad and Tobago)

Abstract

This paper examines the conduct of fiscal policy in the Trinidad and Tobago economy over the period 1970 to 2014, with the main focus being on the cyclical patterns of government expenditure with respect to output and natural gas rents. We find evidence that fiscal policy in Trinidad and Tobago is procyclical with output and natural gas rents. Lastly, policy recommendations are suggested and general conclusions are made. Tendenze procicliche di una economia esportatrice di petrolio Questo studio esamina la condotta di politica fiscale nella economia di Trinidad e Tobago nel periodo 1970-2014, focalizzando l’attenzione sui modelli ciclici della spesa pubblica rispetto alla produzione ed ai profitti provenienti dalla vendita di gas naturale. Vi sono evidenze che la politica fiscale di Trinidad e Tobago è prociclica con la produzione ed i profitti provenienti dalla vendita di gas naturale. Nelle conclusioni vengono formulate alcune indicazioni politiche.

Suggested Citation

  • Hosein, Roger & Jagessar, Jaymieon & Dialsingh, Isaac, 2017. "Procyclical Tendencies in a Small Oil Exporter," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 70(3), pages 319-331.
    • Handle: RePEc:ris:ecoint:0806
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    Cited by:

    1. Daren Conrad & Jaymieon Jagessar, 2018. "Real Exchange Rate Misalignment and Economic Growth: The Case of Trinidad and Tobago," Economies, MDPI, vol. 6(4), pages 1-23, September.

    More about this item

    Keywords

    Procyclical Fiscal Policies; Fiscal Cyclicality; Trinidad and Tobago;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General

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