This paper investigates the nexus between economic growth and oil price in Pacific island countries (PICs). Except Papua New Guinea, none of the PICs has fossil fuel resources. Consequently, the 13 PICs are totally dependent on oil imports for their economic activities. Since PICs have limited...

Resorting to panel data investigation, this study seeks to test the causal relationships between current account imbalances and budget deficits in Pacific island countries. The study findings are that current account imbalances and budget deficits are cointegrated, although there is no long run...