Barriers to enterprise development in the Caribbean
本文利用企业层面数据分析加勒比地区企业增长的主要障碍，发现劳动力教育不足、融资困难和犯罪盗窃是三大关键制约因素，并针对不同国家提出缓解建议。
Caribbean economies have suffered from stagnant growth since the 1990s. This can be a feature of small developing economies and is a major concern for policymakers. In this article, we examine establishment-level data to gain a better understanding of the factors that constrain the growth of businesses in the region. In addition to documenting broad differences in obstacles to business within and across the region, we particularly focus on the main obstacles affecting small and medium-sized firms. The econometric analysis highlights three main barriers at a regional level: an inadequately educated workforce; access to finance; and crime, theft and disorder. However, there are variations at the country level and the analysis indicates clusters of countries that experience obstacles to similar degrees. The article concludes with recommendations for alleviating the constraints to enterprise development and in stimulating economic growth.