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Regional economic integration in the Pacific: an empirical study

Jayaraman, Tiruvalangadu K. and Lee, H.H. and Lee, H.A. (2006) Regional economic integration in the Pacific: an empirical study. Global Economic Review, 35 (2). pp. 177-192. ISSN 1226-508X

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Abstract

The Pacific Islands Forum, the regional organization comprising 14 Pacific Island countries (PICs), Australia and New Zealand is committed to strengthen regional cooperation and integration. This paper examines progress in real and financial integration in the region. Utilizing the methodology based on international parity conditions: purchasing power parity and uncovered interest parity, the study concludes that while PICs' integration amongst themselves and with Australia and New Zealand, is relatively advanced with respect to goods and services, the financial market integration remains incomplete. The policy implication is impact of further liberalization is likely to be substantial on financial markets.

Item Type: Journal Article
Subjects: H Social Sciences > HG Finance
H Social Sciences > HT Communities. Classes. Races
Divisions: Faculty of Business and Economics (FBE) > School of Economics
Depositing User: Ms Neha Harakh
Date Deposited: 12 Dec 2006 08:07
Last Modified: 10 Jul 2012 20:59
URI: http://repository.usp.ac.fj/id/eprint/2687
UNSPECIFIED

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