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The paper evaluates the performance of Barbados fiscal system over the period 1977 to 1999 based on estimates of revenue productivity. Short and long run elasticities and buoyancies are estimated for tax revenue, and the major components. The study finds that the elasticity of the tax regime tends to more responsive to changes in gross domestic product in the short run but less so in the long run. Also, over the period under investigation, discretionary changes to the tax system seem to effective, as buoyancies are generally higher than the elasticity coefficients.