Obstacles to Economic Growth in Six Pacific Island Countries
نویسندگان
چکیده
This report presents the results of an investigation into the sources of, and obstacles to, economic growth in the small Pacific island economies. The analytical framework is that provided by Hausmann, Rodrik, and Velasco (2005). The focus of this framework is on identifying the binding constraints to economic growth within a country, given that the investigator has detailed knowledge of the country context. The outcome of this diagnostic approach is expected to be a listing of priorities of where to focus economic reform efforts in attempting to establish a favorable environment for investment and growth.
منابع مشابه
Supply Side Obstacles to Financing the Private Sector: Empirical Evidence from a Small Island Developing State
In light of the positive growing finance–private sector–economic growth findings, this article examines, from a supply side perspective, obstacles to private sector financing in Fiji, a growth deprived, small island developing state in the Pacific region. A survey of 80 percent of formal financial institutions reveals that, contrary to popular belief, financing the private sector may not be a m...
متن کاملDoes external debt lead to economic growth in Pacific island countries
With the change in donors’ priorities since the end of the Cold War in the late 1980s, there has been a decline in annual aid inflows to Pacific island countries (PICs), which have been among the world’s top recipients of aid per capita in the past. Along with fall in aid inflows, growing annual domestic budgetary deficits in recent years have forced some PICs to finance them through borrowing....
متن کاملIs remoteness a cause of slow growth in the Pacific? A spatial-econometric analysis
83 While geography is sometimes recognised as a constraint to growth in the Pacific island countries, this hypothesis has never been systematically examined. Measures of economic remoteness show that the Pacific island countries face a growth penalty for being amongst the most remote in the world. But these countries could have grown faster as their remoteness potentially diminished following t...
متن کاملEnhancing the agricultural sector in Pacific island economies
Pacific Economic Bulletin Volume 22 Number 3 October 2007 © Asia Pacific Press Agriculture continues to play an important role in the growth and development of most Pacific island countries. With increasing populations and desire for higher incomes, the island countries will have to increase agricultural production, especially the Micronesian and Melanesian countries. In most countries, increas...
متن کاملRelationship between Economic Growth, Urban Concentration and Trade: Evidence from the Asia-Pacific
There is a significant relationship between economic growth and the degree of urban concentration, as measured by primacy or the share of the largest city in an urban system. In accordance to urban economic theories, there is an inverse-U shape relationship between urban concentration âurban primacy- and economic growth. That is, as economy grows, urban concentration increases, approaches a...
متن کامل