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Title:A survey of growth and development issues of the Pacific islands PDF Logo
Authors:Bhaskara Rao, B.
Sharma, Kanhaiya Lal
Singh, Rup
Lata, Nalini
Issue Date:2007
Series/Report no.:Research Paper, UNU-WIDER, United Nations University (UNU) 2007/34
Abstract:This paper is a survey of some key variables with an international dimension and implications for growth and development policies in selected Pacific island countries. Results from a simple growth accounting exercise show that factor accumulation is the most dominant growth factor and that the contribution of total factor productivity is negligible. Therefore, increasing the investment rate to improve growth rate is a pragmatic medium-term policy option. Further, econometric analysis shows that foreign aid has a negligible effect on output and growth in Fiji, Solomon Islands and Papua New Guinea.
Subjects:macroeconomic analyses
economic growth
development issues
Pacific islands
Document Type:Working Paper
Appears in Collections:WIDER Research Papers, United Nations University (UNU)

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