Does 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. This paper seeks to examine whether external debt contributed to economic growth in PICs by undertaking a study of six major PICs.
Year of publication: |
2009
|
---|---|
Authors: | Jayaraman, T.K. ; Lau, Evan |
Published in: |
Journal of Policy Modeling. - Elsevier, ISSN 0161-8938. - Vol. 31.2009, 2, p. 272-288
|
Publisher: |
Elsevier |
Keywords: | External debt Exports Budget deficits Growth Panel cointegration Pacific islands |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
AID AND GROWTH: EMPIRICAL EVIDENCE FROM PACIFIC ISLAND COUNTRIES
JAYARAMAN, T.K., (2011)
-
Implications of Excess Liquidity in Fiji’s Banking System: An Empirical Study
Jayaraman, T.K., (2012)
-
PUBLIC DEBT AND ECONOMIC GROWTH IN THE SOUTH PACIFIC ISLANDS: A CASE STUDY OF FIJI
Jayaraman, T.K., (2006)
- More ...