Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/63237 
Erscheinungsjahr: 
2007
Schriftenreihe/Nr.: 
WIDER Research Paper No. 2007/24
Verlag: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
Zusammenfassung: 
This paper examines macroeconomic performance and policies in small Pacific island economies (SPIEs). These economies are highly prone to various supply shocks and face severe obstacles to development arising from their geography and demography. However, the paper contends that their lacklustre growth performance over the last two decades has also been due to excessively conservative macroeconomic policies. That is, a confluence of supply shocks and policy-induced constrained demand has resulted in poor economic performance. Given a very weak private sector, poor state of infrastructure and low-level human capital, the paper argues for the leading role of the government. It then elaborates on the elements of macroeconomic policies within a state-led development strategy.
Schlagwörter: 
Pacific islands
macroeconomics
growth
aid
fiscal policy
JEL: 
E63
E66
O23
O56
ISBN: 
9291909637=978-92-9190-963-6
Dokumentart: 
Working Paper

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