The Pedroni (2000) panel cointegration method is used to estimate the cointegrating equations for the demand for narrow money for a panel of five Pacific Island Countries (Fiji, Samoa, Solomons, Vanuatu and Papua New Guinea) for the period 1975-2007. The effects of financial reforms are analyzed...

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...

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...