This paper seeks to document key characteristics of small island states in the Pacific. It restricts itself to a limited number of indicators which are macro-orientated - population, fertility of land, ability to tap into economies of scale, income, and geographic isolation. It leaves aside...

The purpose of the study is to provide an investigation into the impact of exchange rate volatility on the macroeconomic performance of Small Island Developing States (SIDS). Taking a sample of 15 SIDS, the present study analyses econometrically the impact of exchange rate volatility on major...

The goal of this paper is to examine the relationship between real GDP and oil prices using time series data for the period 1970-2005. Our main finding is that an increase in oil has a positive, albeit inelastic, impact on real GDP, inconsistent with the bulk of the literature. We argue that...

Using a new fiscal dataset for small states, this paper analyzes the link between country size, government size, debt, and economic performance. It finds that on average small states have larger governments and higher public debt. Although there are intrinsic factors that explain why governments...

Small countries with an open economy that aspire to a society of prosperity are always also countries of advanced economy that lead a rational and far-sighted economic policy. The Republic of Croatia has a tradition and a model of a successful country management from the Republic of Dubrovnik...