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Aid And Growth: Empirical Evidence From Pacific Island Countries




The Pacific island countries (PICs) have been among the world’s top ten recipients of official development assistance (ODA) on a per capita basis. This paper seeks to examine the effectiveness of external aid by undertaking a panel data study covering five countries in the South Pacific, namely Fiji, Samoa, Solomon Islands, Tonga and Vanuatu utilizing the annual data over a twenty-five year period.

Suggested Citation

  • T.K. Jayaraman & Evan Lau, 2011. "Aid And Growth: Empirical Evidence From Pacific Island Countries," Journal of Academic Research in Economics, Spiru Haret University, Faculty of Accounting and Financial Management Constanta, vol. 3(2 (July)), pages 122-135.
  • Handle: RePEc:shc:jaresh:v:3:y:2011:i:2:p:122-135

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    References listed on IDEAS

    1. Singh, Nirvikar, 2010. "Uncertainty and Information: An Expository Essay," MPRA Paper 21556, University Library of Munich, Germany.
    2. R. Manning & P. B. Morgan, 1982. "Search and Consumer Theory," Review of Economic Studies, Oxford University Press, vol. 49(2), pages 203-216.
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    More about this item


    Pacific Islands; foreign aid; growth; panel cointegration; Pedroni tests;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • F35 - International Economics - - International Finance - - - Foreign Aid


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