sharma-iseconomicdevelopment-2010.pdf (536.98 kB)
Download file

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

Download (536.98 kB)
journal contribution
posted on 01.01.2010, 00:00 authored by V Mishra, Susan SharmaSusan Sharma, R Smyth
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.

History

Journal

Pacific economic bulletin

Volume

25

Issue

1

Pagination

46 - 63

Publisher

Asia Pacific Press

Location

Canberra, A. C. T.

ISSN

0817-8038

eISSN

1834-9455

Language

eng

Notes

Every reasonable effort has been made to ensure that permission has been obtained for items included in Deakin Research Online. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au

Publication classification

C1.1 Refereed article in a scholarly journal

Copyright notice

2010, Australian National University