Economics, Econometrics and Finance
8 years ago

Barbados manufacturing firms face decline due to economic and innovation factors.

SSRN Electronic Journal
The Success Factors of Manufacturing Firms in Caribbean Small Island States: A Look at Barbados
Crystal Drakes, Winston Moore

Paper Summary

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The Barbadian manufacturing industry has been declining since the 1970s. A study of 308 small and medium manufacturing firms in island economies like Barbados found that economic, organizational, and innovation factors impact firm performance. Researchers developed a model and used statistical analysis to show how these factors affect manufacturing firms in small island states.