A Survey of Growth and Development Issues of the Pacific Islands

B. Rao, Kanhaiya Lal Sharma, Rup Singh and Nalini Lata

No RP2007-34, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper is a survey of some key variables with an international dimension and implications for growth and development policies in selected Pacific island countries. Results from a simple growth accounting exercise show that factor accumulation is the most dominant growth factor and that the contribution of total factor productivity is negligible. Therefore, increasing the investment rate to improve growth rate is a pragmatic medium-term policy option.

Keywords: Economic development; Econometric models (Economic development); Economic policy; Investments (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (1)

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