Aid and economic growth in Pacific Island countries: an empirical study of aid effectiveness in Fiji

Jayaraman, Tiruvalangadu K. and Choong, C.K. (2006) Aid and economic growth in Pacific Island countries: an empirical study of aid effectiveness in Fiji. Perspectives on Global Development and Technology, 5 (4). pp. 329-350. ISSN 1569-1500

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Abstract

Pacific island countries (PICs), ever since their independence during the second half of the last century, have been among the world’s top ten recipients of official development assistance (ODA) on a per capita basis. Until the mid 1990s, most of them were receiving aid from their erstwhile colonial masters for budgetary support. With the introduction of reforms in ODA delivery in the late 1990s with focus on program and project-tied aid, it was expected that aid would directly facilitate creation of much-needed growth enhancing infrastructures, physical as well as social, since domestic savings were found to be insufficient to finance them. However, continued stagnation in some PICs and deterioration in some others have been causing concerns. This paper seeks to examine the effectiveness of aid by undertaking a case study of Fiji, which has a longer time series data needed for econometric investigation. Based on the study’s findings, the paper lists some policy conclusions relevant to the region.

Item Type:	Journal Article
Subjects:	H Social Sciences > HD Industries. Land use. Labor
Divisions:	Faculty of Business and Economics (FBE) > School of Economics
Depositing User:	Ms Neha Harakh
Date Deposited:	08 Dec 2006 23:06
Last Modified:	10 Jul 2012 08:21
URI:	http://repository.usp.ac.fj/id/eprint/2682

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