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AID AND GROWTH: EMPIRICAL EVIDENCE FROM PACIFIC ISLAND COUNTRIES

Tiru Jayaraman () and Evan Lau ()

Journal of Academic Research in Economics, 2011, vol. 3, issue 2 (July), 122-135

Abstract: 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.

Keywords: Pacific Islands; foreign aid; growth; panel cointegration; Pedroni tests (search for similar items in EconPapers)
JEL-codes: O11 F35 (search for similar items in EconPapers)
Date: 2011
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Persistent link: http://EconPapers.repec.org/RePEc:shc:jaresh:v:3:y:2011:i:2:p:122-135

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