Paradise Lost? Growth, Convergence, and Migration in the South Pacific
AbstractThis paper examines the growth experience of nine South Pacific countries during the period 1971-93, using the analytical framework of the Solow-Swan neoclassical growth model, panel data, and Chamberlain's �-matrix estimator. The speed of convergence of South Pacific countries to their respective steady-state levels of per capita GDP, after controlling for the important regional effects of net international migration, is estimated at a relatively fast 4 percent per year. In addition, private and official transfers emanating from regional donor countries have kept the dispersion of real per capita national disposable income constant over the period, despite a significant widening in the regional dispersion of real per capita GDP.
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Bibliographic InfoArticle provided by Palgrave Macmillan in its journal International Monetary Fund Staff Papers.
Volume (Year): 42 (1995)
Issue (Month): 3 (September)
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Other versions of this item:
- Norman Loayza & Paul Cashin, 1995. "Paradise Lost? Growth, Convergence and Migration in the South Pacific," IMF Working Papers, International Monetary Fund 95/28, International Monetary Fund.
- F22 - International Economics - - International Factor Movements and International Business - - - International Migration
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- O56 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Oceania
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- DOBSON, Steve & RAMLOGAN, Carlyn & STROBL, Eric, 2003. "Why do rates of convergence differ ? A meta-regression analysis," CORE Discussion Papers, UniversitÃ© catholique de Louvain, Center for Operations Research and Econometrics (CORE) 2003020, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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- repec:dgr:uvatin:2005001 is not listed on IDEAS
- Easterly, William & Kraay, Aart, 2000. "Small States, Small Problems? Income, Growth, and Volatility in Small States," World Development, Elsevier, Elsevier, vol. 28(11), pages 2013-2027, November.
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