As the recent financial crisis wrecked havoc on the global economy, Pacific Island countries (PICs) hoped that their oceanic remoteness would spare them of the worst economic calamities. An uncertain faith prevailed amongst the Pacific Island economists and policymakers. Some argued that the...

Pacific island countries are deficient in policymaking towards regional integration, trade negotiations and to address environmental issues. There are a number of reasons for this including deficient institutional infrastructure, small population, geographical isolation and labour migration....

Consumer demand systems are estimated based on household expenditure micro-data and price variabilities (tapped over quarters and regions) of a developing Pacific island country. More purposefully, ‘hierarchically ordered’ modifications of parameter variations across differing demographic...

The Pacific island countries (PICs) have been among the worlds top ten recipients of official development assistance (ODA) on a per capita basis. This paper seeks to examine the effectiveness of external aid by undertaking a panel data study covering five countries in the South Pacific, namely...

This paper investigates the effect of food prices on a number of health outcome indicators using published data for Pacific Island countries. The empirical results provide confirmation that while food prices are shown to be positively correlated with infant mortality and crude death rates, they...

The financial crisis in USA in late 2007 led to fall in economic activities in the industrialized countries. A global recession was triggered, with resulting decline in imports from Pacific island countries (PICs) and falling tourism earnings. Monetary policy options, which are available to six...