GLOBAL

                                                                                                                                                                                                                                             DEVELOPMENT STUDIES

                                                                            Copyright © 2007 International Development Options

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Volume Four                                                                   Winter 2006-Spring 2007                                                             Numbers 3-4.

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  Theme: Global Labor Migration and Emerging Trends in Development Finance: An Assessment of the

  Economic and Social Impact of Migrant (Worker) Remittances in Central America and the Caribbean 

 

  CAN THE FINANCIAL SECTOR REALISTICALLY BE EXPECTED TO FOSTER ECONOMIC GROWTH?

  AN ANALYSIS OF JAMAICAN STAKEHOLDERS’ VIEWS

 

   David Tennant                                                     Claremont Kirton

   Lecturer                                                                Senior Lecturer

   Department of Economics                                  Department of Economics

   University of the West Indies                              University of the West Indies

   Mona, Jamaica                                                     Mona, Jamaica

   West Indies                                                           West Indies

 

   Published Online: February 10, 2017

 

 

   ABSTRACT

 

In this article, the authors argue that a critical weakness in the existing empirical work on the finance-growth debate is a failure to adequately assess the operations of financial intermediaries, especially as they relate to stakeholder positions and institutional arrangements. In an attempt to fill this void, the article focuses on the finance–growth debate in the Jamaican context.  It examines the views of management of financial institutions, sector regulators and policy-makers. The results of our analysis include information which will allow for further exploration of the finance-growth debate as well as more detailed analyses of the operations of the Jamaican financial sector. In conclusion, the article argues that institutional analysis must guide any planned financial sector reform project.

 

IDO        ISSN: 1093-8281                 Copyright © 2017 International Development Options

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