01888cas a2200241 a 4500 AALejournalIMF017707 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484303382 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Eastern Caribbean Currency Union : Selected Issues. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (21 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper analyzes productivity in the Eastern Caribbean Currency Union by exploring two complementary exercises. It computes total factor productivity by extending standard growth accounting frameworks with (1) the impact of natural disasters on the stock and productivity of physical capital; (2) human capital accumulation; and (3) the impact of out-migration on labor and human capital. The paper also analyzes labor productivity, including across economic sectors. The results indicate that the historical deceleration in growth was driven mostly by the declining contribution of total factor productivity, which resulted in stagnation in the aftermath of the global financial crisis. Labor productivity measures show that labor is largely allocated in the sectors with relatively lower productivity. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/151 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/151/002.2017.issue-151-en.xml IMF e-Library