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Role of remittances in small Pacific Island economies: an empirical study of Fiji

Author

Listed:
  • T.K. Jayaraman
  • Chee-Keong Choong
  • Ronald Kumar

Abstract

In the context of the ongoing current global economic downturn, mobilisation of foreign exchange earnings has assumed considerable importance. By adopting an augmented Solow model approach, this paper examines the long-run growth effects of Fiji's inward remittances during a three-decade period (1979–2008). The study finds that remittances have had a positive and significant effect on economic activities. This paper also discusses some important policy implications arising out of the study findings.

Suggested Citation

  • T.K. Jayaraman & Chee-Keong Choong & Ronald Kumar, 2011. "Role of remittances in small Pacific Island economies: an empirical study of Fiji," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 3(5), pages 526-542.
  • Handle: RePEc:ids:ijecbr:v:3:y:2011:i:5:p:526-542
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    Citations

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    Cited by:

    1. Ronald Ravinesh Kumar & Ronald Vijay Naidu & Radika Kumar, 2011. "Exploring the Nexus between Trade, Visitor Arrivals, Remittances and Income in the Pacific: a Study of Vanuatu," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 4(4), pages 199-218, August.
    2. Ronald Kumar, 2014. "Exploring the nexus between tourism, remittances and growth in Kenya," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(3), pages 1573-1588, May.
    3. Kumar, Ronald/R, 2011. "Role of Trade, Aid, Remittances and Financial Development in Pakistan," MPRA Paper 38871, University Library of Munich, Germany.
    4. Wadood, Syed Naimul & Hossain, Md. Amzad, 2016. "Microeconomic Impact of Remittances on Household Welfare: Evidences from Bangladesh," MPRA Paper 76956, University Library of Munich, Germany.
    5. Kouni, Mohamed, 2016. "Remittances And Growth In Tunisia: A Daynamic Panel Analysis From A Sectoral Database," MPRA Paper 75478, University Library of Munich, Germany.
    6. Ronald Ravinesh Kumar & Radika Kumar, 2012. "Exploring sectoral elasticity vis-à-vis per worker income with a focus to agriculture: a study of Sub-Saharan Africa," African Journal of Economic and Sustainable Development, Inderscience Enterprises Ltd, vol. 1(1), pages 27-48.
    7. Ronald Kumar & Peter Stauvermann, 2014. "Exploring the nexus between remittances and economic growth: a study of Bangladesh," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 61(4), pages 399-415, December.
    8. Kumar, Ronald R., 2011. "Role of Financial and Technology Inclusion, Remittances and Exports vis-à-vis growth: A study of Nepal," MPRA Paper 38850, University Library of Munich, Germany, revised 17 May 2012.

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