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Is economic development in the Pacific island countries export led or import led?

Mishra, Vinod, Sharma, Susan Sunilla and Smyth, Russell 2010, Is economic development in the Pacific island countries export led or import led?, Pacific economic bulletin, vol. 25, no. 1, pp. 46-63.

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Title Is economic development in the Pacific island countries export led or import led?
Author(s) Mishra, Vinod
Sharma, Susan Sunilla
Smyth, Russell
Journal name Pacific economic bulletin
Volume number 25
Issue number 1
Start page 46
End page 63
Total pages 18
Publisher Asia Pacific Press
Place of publication Canberra, A. C. T.
Publication date 2010
ISSN 0817-8038
1834-9455
Summary This article examines the export-led growth and import-led growth hypotheses for a panel of Pacific island countries—namely, Fiji, Papua New Guinea, Solomon Islands, Tonga and Vanuatu—for the period 1982–2004. The modelling is performed using a panel unit root, panel co-integration and panel Granger causality approach. We find bi-directional Granger causality for the panel of Pacific island countries between exports and economic growth, imports and economic growth, and exports and imports. The results suggest that the poor growth performance of many Pacific island countries reflects their poor export performance; however, if the supply-side constraints on exports are removed, there could be a virtuous cycle between economic growth and exports.
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Language eng
Field of Research 149999 Economics not elsewhere classified
Socio Economic Objective 970114 Expanding Knowledge in Economics
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2010, Australian National University
Persistent URL http://hdl.handle.net/10536/DRO/DU:30036648

Document type: Journal Article
Collections: School of Accounting, Economics and Finance
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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.