caa a22 4500 397573022 CHVBK 20180308164846.0 cr unu---uuuuu 161202e199611 xx s 000 0 eng 10.1093/oxfordjournals.cje.a013646 doi (NATIONALLICENCE)oxford-10.1093/oxfordjournals.cje.a013646 Anyadike-Danes M. K. Cave Hill Campus, University of the West Indies Run into the sand? The limits to growth in Barbados [Elektronische Daten] [M. K. Anyadike-Danes] Since political independence was achieved in the mid-1960s, expansionary fiscal policy has contributed significantly to the growth of the Barbadian economy. Thus, national spending has generally run ahead of national income. Initially, the necessary balance of payments finance was provided by private capital inflow, with the government raising its own finance domestically. However, private flows from abroad dried up in the early 1980s and the government found itself obliged to borrow externally on a considerable scale. Towards the end of the 1980s, with a mounting bill for debt service, and new foreign funds proving more difficult to obtain, the government (under the aegis of an IMF stabilisation programme) adopted a more contractionary fiscal stance. The possibilities represented by the post-independence model of growth are now, apparently, exhausted. © 1996 Academic Press Limited Articles nationallicence Cambridge Journal of Economics Oxford University Press 20/6(1996-11), 715-728 0309-166X 20:6<715 1996 20 cameco https://doi.org/10.1093/oxfordjournals.cje.a013646 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1093/oxfordjournals.cje.a013646 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Anyadike-Danes M. K. Cave Hill Campus, University of the West Indies NATIONALLICENCE 773 0- Cambridge Journal of Economics Oxford University Press 20/6(1996-11), 715-728 0309-166X 20:6<715 1996 20 cameco Metadata rights reserved CC BY-NC-4.0 http://creativecommons.org/licenses/by-nc/4.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-oxford