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UNU-WIDER A Survey of Growth and Development Issues of the Pacific Islands

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A teenager wears torn rubber boots in a muddy local market in Bac Ha, Viet Nam. As of 2005 figures, half the world population—more than 3 billion people–is estimated to live on less than USD 2.50 a day. Bac Ha, Viet Nam. UN Photo/Kibae Park.

Table of contents

A Survey of Growth and Development Issues of the Pacific Islands

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.
Publisher:
UNU-WIDER
Series:
WIDER Research Paper
Volume:
2007/34
Title:
A Survey of Growth and Development Issues of the Pacific Islands
Authors:
B. Bhaskara Rao, Kanhaiya Lal Sharma, Rup Singh and Nalini Lata
Publication date:
June 2007
ISSN Web:
1810-2611
ISBN Web:
9291909777
ISBN 13 Web:
9789291909773
Copyright holder:
© UNU-WIDER
Copyright year:
2007
Keywords:
macroeconomic analyses, economic growth, development issues, Pacific islands
JEL:
O11, O40, O56
Project:
Fragility and Development
Sponsor:
UNU-WIDER gratefully acknowledges the financial contributions to the project by The Australian Agency for International Development (AusAID), the Finnish Ministry for Foreign Affairs, and the UK Department for International Development-DFID.
Format:
online

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