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Does external debt lead to economic growth in Pacific island countries

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  • Jayaraman, T.K.
  • Lau, Evan

Abstract

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.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Policy Modeling.

Volume (Year): 31 (2009)
Issue (Month): 2 ()
Pages: 272-288

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Handle: RePEc:eee:jpolmo:v:31:y:2009:i:2:p:272-288

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Web page: http://www.elsevier.com/locate/inca/505735

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Keywords: External debt Exports Budget deficits Growth Panel cointegration Pacific islands;

References

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Citations

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Cited by:
  1. Mihaela P?CESIL?, 2013. "Analysis Of The Balkan Countries Policy On Renewable Energy Sources: The Case Of Bulgaria, Romania And Greece," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 5(1), pages 49-66, March.
  2. Abdelhafidh, Samir, 2013. "Potential financing sources of investment and economic growth in North African countries: A causality analysis," Journal of Policy Modeling, Elsevier, vol. 35(1), pages 150-169.
  3. Mohsin Nawaz & Maria Qureshi & Naveed Wahid Awan, 2012. "Does External Debt Causes Economic Growth: A Case Study of Pakistan," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 15(43), pages 131-144, March.
  4. Mohammad Morshedur RAHMAN & Mohammad Abul BASHAR & Suman DEY, 2012. "External Debt And Gross Domestic Product In Bangladesh: A Co-Integration Analysis," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 4(4), pages 28-36, December.
  5. Greenidge, Kevin & Drakes, Lisa & Craigwell, Roland, 2010. "The external public debt in the Caribbean Community," Journal of Policy Modeling, Elsevier, vol. 32(3), pages 418-431, May.

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