Solomon Islands: Selected Issues

International Monetary Fund

No 2023/163, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper on Solomon Island discusses big data and high frequency surveillance for Pacific Islands countries (PICs). Big data can be used to fill data gaps for PICs and the IMF can serve as a capacity-building and innovation hub. The estimators computed based on AIS data have been used as part of the surveillance dashboard by the Solomon Islands team and have been discussed with the authorities. Initiatives like the Arslanalp, Koepke, and Verschuur estimation exploit cross-country synergies and technical expertise available at the IMF to provide valuable inputs for both internal and external use. Other potential applications of the Automatic Identification System (AIS) can expand on this effort, for example, some single-country applications are monitoring of fishing vessels to estimate fishing rents from daily vessel schemes, monitoring export-related ships to monitor for piracy/exports misreporting, track tourism in real time, etc. Given the global nature of the AIS data, it can also be used to analyze global supply chains, trade disruptions from natural disasters, the effect of trade policies, etc.

Keywords: Honiara port activity; export volume; D. trade flow; import volume; Island port activity; Imports; Exports; Trade balance; COVID-19; Agroindustries; Global; Pacific Islands (search for similar items in EconPapers)
Pages: 20
Date: 2023-05-11
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