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The effects of exports, aid and remittances on output: The case of Kiribati

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Rao, B. Bhaskara
Takirua, Toani

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Abstract

Country specific time series models of the determinants of output for the small developing island countries in the Pacific region are relatively few. This paper explores the applicability of the framework underlying Solow (1956) to analyze the determinants output in Kiribati for the period 1970-2005. It is found that technical progress in Kiribati has been negative virtually offsetting the positive effects of factor accumulation. Aid and remittances have negative effects and exports have only a small positive effect in the short run.

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File URL: http://mpra.ub.uni-muenchen.de/1548/
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 1548.

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Date of creation: 01 Jul 2006
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Handle: RePEc:pra:mprapa:1548

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Related research
Keywords: Kiribati Growth Aid Exports and Remittances

Find related papers by JEL classification:
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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  1. James MacKinnon, 1990. "Critical Values for Cointegration Tests," University of California at San Diego, Economics Working Paper Series 90-4, Department of Economics, UC San Diego. [Downloadable!]
  2. Neil R. Ericsson & James G. MacKinnon, 1999. "Distributions of error correction tests for cointegration," International Finance Discussion Papers 655, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
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  3. Pesaran, M. H. & Shin, Y. & Smith, R. J., 1996. "Testing for the 'Existence of a Long-run Relationship'," Cambridge Working Papers in Economics 9622, Faculty of Economics, University of Cambridge.
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  4. Rao, B. Bhaskara & Singh, Rup & Nisha, Fozia, 2006. "An extension to the neoclassical growth modelto Estimate Growth and Level Effects," MPRA Paper 2186, University Library of Munich, Germany. [Downloadable!]
  5. Dimitrios Asteriou & Simon Price, 2000. "Financial Development and Economic Growth: Time Series Evidence for the case of UK," Ekonomia, Cyprus Economic Society and University of Cyprus, vol. 4(2), pages 122-141, Winter.
  6. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 407-37, May. [Downloadable!] (restricted)
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