EconPapers    
Economics at your fingertips  
 

Paradise Lost? Growth, Convergence, and Migration in the South Pacific

Paul Cashin () and Norman Loayza ()

IMF Staff Papers, 1995, vol. 42, issue 3, 608-641

Abstract: This paper examines the growth experience of nine South Pacific countries during the period 1971-93, using the analytical framework of the Solow-Swan neoclassical growth model, panel data, and Chamberlain's Î-matrix estimator. The speed of convergence of South Pacific countries to their respective steady-state levels of per capita GDP, after controlling for the important regional effects of net international migration, is estimated at a relatively fast 4 percent per year. In addition, private and official transfers emanating from regional donor countries have kept the dispersion of real per capita national disposable income constant over the period, despite a significant widening in the regional dispersion of real per capita GDP.

Date: 1995
References: Add references at CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed

Downloads: (external link)
http://www.palgrave-journals.com/imfsp/journal/v42/n3/pdf/imfsp199527a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/imfsp/journal/v42/n3/full/imfsp199527a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Paradise Lost? Growth, Convergence and Migration in the South Pacific (1995) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:imfstp:v:42:y:1995:i:3:p:608-641

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41308/PS2

Access Statistics for this article

More articles in IMF Staff Papers from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-10-09
Handle: RePEc:pal:imfstp:v:42:y:1995:i:3:p:608-641