Does external debt lead to economic growth in Pacific island countries?

Jayaraman, Tiruvalangadu K. and Lau, E. (2008) Does external debt lead to economic growth in Pacific island countries? Journal of Policy Modeling, 31 (2). pp. 272-288. ISSN 0161-8938

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Abstract

With the change in donors’ priorities since the end of the Cold War in the late 1980s, there has been a decline in annual aid inflows to Pacific island countries (PICs), which have been among the world's top recipients of aid per capita in the past. Along with fall in aid inflows, growing annual domestic budgetary deficits in recent years have forced some PICs to finance them through borrowing. This paper seeks to examine whether external debt contributed to economic growth in PICs by undertaking a study of six major PICs.

Item Type:	Journal Article
Additional Information:	The article was also submitted as a working paper: Jayaraman, Tiruvalangadu.K., 2008. Does external debt lead to economic growth in the Pacific Island countries: an empirical study. School of Economics, the University of the South Pacific, Suva. Working Paper 2008/06.
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HG Finance
Divisions:	Faculty of Business and Economics (FBE) > School of Economics
Depositing User:	Ms Neha Harakh
Date Deposited:	08 Feb 2008 22:48
Last Modified:	10 Jul 2012 08:57
URI:	https://repository.usp.ac.fj/id/eprint/130

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