The Pacific Speed of Growth: How Fast Can It Be and What Determines It?
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...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
2013
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| Series: | IMF Working Papers
Working Paper No. 13/104 |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| 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 |
| Physical Description: | 1 Online-Ressource (44 p) |
| ISBN: | 1484399048 9781484399040 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:15Z |
| indexdate | 2024-07-10T09:35:22Z |
| institution | BVB |
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| language | English |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Yang, Yongzheng Verfasser aut The Pacific Speed of Growth How Fast Can It Be and What Determines It? Yang, Yongzheng Washington, D.C International Monetary Fund 2013 1 Online-Ressource (44 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/104 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 Online-Ausg Chen, Hong Sonstige oth Singh, Baljeet Sonstige oth Singh, Shiu raj Sonstige oth http://elibrary.imf.org/view/IMF001/20463-9781484399040/20463-9781484399040/20463-9781484399040.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Yang, Yongzheng The Pacific Speed of Growth How Fast Can It Be and What Determines It? |
| title | The Pacific Speed of Growth How Fast Can It Be and What Determines It? |
| title_auth | The Pacific Speed of Growth How Fast Can It Be and What Determines It? |
| title_exact_search | The Pacific Speed of Growth How Fast Can It Be and What Determines It? |
| title_exact_search_txtP | The Pacific Speed of Growth How Fast Can It Be and What Determines It? |
| title_full | The Pacific Speed of Growth How Fast Can It Be and What Determines It? Yang, Yongzheng |
| title_fullStr | The Pacific Speed of Growth How Fast Can It Be and What Determines It? Yang, Yongzheng |
| title_full_unstemmed | The Pacific Speed of Growth How Fast Can It Be and What Determines It? Yang, Yongzheng |
| title_short | The Pacific Speed of Growth |
| title_sort | the pacific speed of growth how fast can it be and what determines it |
| title_sub | How Fast Can It Be and What Determines It? |
| url | http://elibrary.imf.org/view/IMF001/20463-9781484399040/20463-9781484399040/20463-9781484399040.xml |
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