The paper undertakes an empirical investigation of key macroeconomic factors affecting private investment in the South Pacific developing member countries. The study finds that instability in the real exchange rate had a sizeable adverse effect on private investment.

This study seeks to discern whether the current distribution of income determines the evolution of future income distribution and economic growth through fiscal policy. Fiscal policy consists of transfer payments or an income tax. Fiscal policy is determined by the level of development,...

This report summarizes key results from a 2012 survey of businesses in Papua New Guinea. It compares the results with the 2002 and 2007 surveys and shows that, while the business environment has improved since 2002, doing business in Papua New Guinea remains extremely challenging. Continued...

This study examines the potential of remittances for promoting economic growth and reducing poverty in Asian countries using data for more than 20 countries in the region for 1988-2007. The results indicate that remittances positively affect home country real gross domestic product (GDP) per...