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Kevin Greenidge, Mr. Meredith A McIntyre, and Hanlei Yun
Since the 1980’s with the introduction of IMF/WB adjustment programs structural reforms have been a core part of the reform agenda in the Caribbean. The paper reviewed the package of structural reforms in trade liberalization, financial liberalization and tax policy, and gauges their impact on growth. The paper used a set of reform indices to gauge both short-run and long-run effects of structural reforms on growth, controlling for other possible growth determinants using panel dynamic OLS estimation. In addition, recognizing the importance of institutions to growth the empirical analysis also analyzed the impact of institutional quality on growth for a sample of small states including the Caribbean. We concluded that the benefits of structural reforms are only seen over the long-term and in reinvigorating growth the reform effort needs to be revived and include greater attention to strengthening institutional quality.
Kevin Greenidge, Mr. Meredith A McIntyre, and Hanlei Yun

represent the value of previous missing data. In addition to tariffs, there could also have been quantitative restrictions on imports, such as quotas and licensing requirements for which there are no tariff equivalents and cannot be reflected in the trade reform database. In the trade area, as discussed earlier, the significant increase in the index between 1998 and 2001 reflected the intense reform process during this period. However, except for Barbados, there were no major changes thereafter, the reform was halted since some Caribbean countries did not fully adopt