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

Tiru Jayaraman (), Chee-Keong Choong and Ronald Kumar

International Journal of Economics and Business Research, 2011, vol. 3, issue 5, 526-542

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.

Keywords: inward remittances; economic growth; augmented Solow model; Pacific Island economies; Fiji; foreign exchange earnings. (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijecbr:v:3:y:2011:i:5:p:526-542

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