One of our major products
is the annual Economic Outlook, which gives a quantitative description
of the current economic activities and the expected economic performance
for the coming year. We basically
make an annual survey in which we talk to and meet the different sectors
(e.g. tourism, manufacturing, offshore banking, government).
This survey is the basis
of the Economic Outlook.
Macro
and Micro models
We have been building a couple
of quantitative models during the last years to analyze the small open
economy of Curaçao. Our macro model is called Curalyse (an abbreviation
which means an instrument to Analyze the social-economic situation of Curaçao).
Our major micro model is called Turistica (it's a tourism model). With
these models we monitor the economy (what is happening), make impact studies,
make simulation runs (what-if scenario's) and prognoses.
Mainly based on this activities the Island Government makes its decissions.
(I will soon be publishing some papers and examples of studies we made. I will also discus the structure of our models and economic theory we use here on this page.)
Our Dataset
We have an organized dataset
with all the relevant variables in the island economy of Curaçao
(e.g. Gross Domestic Product, consumption, investments, unemployment, inflation).
We also analyze the regional developments (Carribean region) and developments
in the economies of our major trading partners (United States and the Netherlands).
This dataset is well documented and updated continually. It is an integrated
dataset in a spreadsheet which is linked to our models.
Upgrading human skills
We try to upgrade ourselves
continously through reading and preparing papers on economic issues, participating
in global forums, economic discussions. We also have an agenda for reaseach
based on the issues discussed on Curaçao. And we try to broaden
our network/contacts with all researchers in this field all over the world
to discuss and upgrade our knowledge.
Contact me
If you want some information
about this interesting topic feel free to contact at [email protected]
and I will be glad to discuss economics with you.