Evaluation of the St. Lucia geothermal resource: macroeconomic models

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Description

A macroeconometric model describing the St. Lucian economy was developed using 1970 to 1982 economic data. Results of macroeconometric forecasts for the period 1983 through 1985 show an increase in gross domestic product (GDP) for 1983 and 1984 with a decline in 1985. The rate of population growth is expected to exceed GDP growth so that a small decline in per capita GDP will occur. We forecast that garment exports will increase, providing needed employment and foreign exchange. To obtain a longer-term but more general outlook on St. Lucia's economy, and to evaluate the benefit of geothermal energy development, we ... continued below

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Pages: 89

Creation Information

Burris, A.E.; Trocki, L.K.; Yeamans, M.K. & Kolstad, C.D. August 1, 1984.

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Description

A macroeconometric model describing the St. Lucian economy was developed using 1970 to 1982 economic data. Results of macroeconometric forecasts for the period 1983 through 1985 show an increase in gross domestic product (GDP) for 1983 and 1984 with a decline in 1985. The rate of population growth is expected to exceed GDP growth so that a small decline in per capita GDP will occur. We forecast that garment exports will increase, providing needed employment and foreign exchange. To obtain a longer-term but more general outlook on St. Lucia's economy, and to evaluate the benefit of geothermal energy development, we applied a nonlinear programming model. The model maximizes discounted cumulative consumption.

Physical Description

Pages: 89

Notes

NTIS, PC A05/MF A01; 1.

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  • Other Information: Portions are illegible in microfiche products. Original copy available until stock is exhausted

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  • Other: DE85005229
  • Report No.: LA-10212-MS
  • Grant Number: W-7405-ENG-36
  • DOI: 10.2172/6313649 | External Link
  • Office of Scientific & Technical Information Report Number: 6313649
  • Archival Resource Key: ark:/67531/metadc1204824

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Office of Scientific & Technical Information Technical Reports

Reports, articles and other documents harvested from the Office of Scientific and Technical Information.

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Creation Date

  • August 1, 1984

Added to The UNT Digital Library

  • July 5, 2018, 11:11 p.m.

Description Last Updated

  • Oct. 8, 2018, 12:01 p.m.

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Burris, A.E.; Trocki, L.K.; Yeamans, M.K. & Kolstad, C.D. Evaluation of the St. Lucia geothermal resource: macroeconomic models, report, August 1, 1984; United States. (digital.library.unt.edu/ark:/67531/metadc1204824/: accessed October 18, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.