| Description |
1 online resource (44 pages) : color illustrations |
| Series |
IMF working paper ; WP/13/104 |
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IMF working paper ; WP/13/104.
|
| Contents |
Cover; Contents; I. Introduction; II. Growth Performance-Stylized Facts; Figures; Figure 1: Annual Average Real GDP Growth; Figure 2: PICs Annual Average Real GDP Growth; III. Growth Constraints in Small States; Figure 3: Standard Deviation of GDP Growth; Figure 4: GDP Weighted Distance; IV. Model, Data and Methodologies; V. Determinants of Growth in Small States; Tables; Table 1. Regressions on per capita GDP Growth of Small Island Countries; Figure 5: Factors Affecting Pacific Islands Growth; VI. Why Has PIC Growth Slowed?; Figure 6: Goods and Services Exports |
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Fugure 7: REER of PICs with Central BanksBoxes; Box 1. Samoa: Managing Shocks and Regaining Growth Momentum; Figure 8: REER of PICs without Central Banks; Figure 9: Current Account Deficit; Figure 10: Goods and Services Deficit; Figure 11: Export Market Shares for Comparative Country Groups; Figure 12: Export Markets for Comparative Country Groups; Box 2. Why Tourism Recovery Varies so Much across PICs; Figure 13: PICs Annual Visitor Arrivals; Figure 14: International Containerized Freight; Figure 15: Trends in Airline Costs; VII. Policy Implications; Box 3. Fiji-Lessons and Hopes |
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VIII. Concluding RemarksReferences; Appendices; I. Growth Trends in PICs; II. Country List and Data Description |
| Summary |
"This study aims to test within a relatively homogeneous group of small states what differentiates the growth performance of Pacific island countries (PICs) from their peers. We find that PICs are disadvantaged by distance and hampered by lower investment and exports compared with other small island states, but greater political stability, catch-up effects from lower initial incomes, and slower population growth have helped offset some of these disadvantages. On balance, policy-related factors, together with geography-related disadvantages, have led to growth rates in PICs that are much lower than in other small states. We also examine how real exchange rate appreciation, unfavorable developments in the external trade environment, and rising international transport costs may have contributed to PICs' slower growth over the past decade"--Abstract |
| Notes |
Title from PDF title page (IMF Web site, viewed May 15, 2013) |
|
"Asia Pacific Department"--Page 2 of pdf |
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"May 2013"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references (pages 36-40) |
| Subject |
Economic development -- Islands of the Pacific
|
|
Convergence (Economics)
|
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Convergence (Economics)
|
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Economic development
|
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Economic policy
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| SUBJECT |
Islands of the Pacific -- Economic policy
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| Subject |
Pacific Ocean -- Islands of the Pacific
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| Form |
Electronic book
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| Author |
Yang, Yongzheng
|
|
International Monetary Fund. Asia and Pacific Department.
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| ISBN |
9781484387085 |
|
1484387082 |
|
9781484399040 |
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1484399048 |
|
