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Ding Ding, Samira Kalla, Mr. Manuel Rosales Torres, and Abdoul Karim Sidibé
The pervasive use of tax incentives is costly for the Caribbean countries, yet the benefits seem limited. Better policy coordination at the regional level is needed to help overcome the collective action problems and generate more revenue to support the much-needed infrastructure investment. Using the region’s Citizenship-by-Investment (CBI) programs as an example, we also show that a price-quantity coordination mechanism can help achieve an efficient outcome with greater CBI incomes for member countries.
Ding Ding, Samira Kalla, Mr. Manuel Rosales Torres, and Abdoul Karim Sidibé

inflows to St. Kitts and Nevis and Dominica under these programs in the early 2010s, three other ECCU countries—Antigua and Barbuda, Grenada, and St. Lucia—launched their own programs in 2013–15 . The CBIs have become an important revenue source for the ECCU countries, contributing to 3.5 percent of GDP of their combined GDP in 2016. However, as the CBI programs often target the same type of overseas investors (the ECCU citizenship programs are priced in the $100,000–200,00 0 range, while the economic residence programs offered by the advanced economies are at much