Does external debt lead to economic growth in Pacific island countries

Evan, Lau and T.K., Jayaraman (2009) Does external debt lead to economic growth in Pacific island countries. Journal of Policy Modeling, 31 (2). 272 -288. ISSN 0161-8938

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With the change in donors’ priorities since the end of the Cold War in the late 1980s, there has been a decline in annual aid inflows to Pacific island countries (PICs), which have been among the world’s top recipients of aid per capita in the past. Along with fall in aid inflows, growing annual domestic budgetary deficits in recent years have forced some PICs to finance them through borrowing. This paper seeks to examine whether external debt contributed to economic growth in PICs by undertaking a study of six major PICs.

Item Type: Article
Uncontrolled Keywords: External debt; Exports; Budget deficits; Growth; Panel cointegration; Pacific islands, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, research, Universiti Malaysia Sarawak
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Karen Kornalius
Date Deposited: 06 May 2015 07:17
Last Modified: 06 May 2015 07:17

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