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