sharma-iseconomicdevelopment-2010.pdf (536.98 kB)
Is economic development in the Pacific island countries export led or import led?
journal contribution
posted on 2010-01-01, 00:00 authored by V Mishra, Susan SharmaSusan Sharma, R SmythThis 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 bulletinVolume
25Issue
1Pagination
46 - 63Publisher
Asia Pacific PressLocation
Canberra, A. C. T.ISSN
0817-8038eISSN
1834-9455Language
engNotes
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.auPublication classification
C1.1 Refereed article in a scholarly journalCopyright notice
2010, Australian National UniversityUsage metrics
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