Financial sector development and remittances in Pacific Island economies: how do they help the world's two most recipient-dependent countries?

Jayaraman, Tiruvalangadu K. and Choong, C.K. and Kumar, Ronald R. (2011) Financial sector development and remittances in Pacific Island economies: how do they help the world's two most recipient-dependent countries? Perspectives on Global Development and Technology, 10 (3-4). pp. 386-405. ISSN 1569-1500

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Abstract

In the context of the current recession in industrialized countries and the resultant dim prospects for exports from small Pacific island countries, mobilization of foreign exchange earnings assumes considerable importance. The dependency of Samoa and Tonga on inward remittances is well known, as the two Polynesian island countries in recent years have been among the first top ten remittance recipient countries of the world. This paper examines the long-run nexus between economic growth and inward remittances during a three-decade period (1981-2008). The paper also discusses some important policy implications arising out of the study's findings.

Item Type:	Journal Article
Subjects:	H Social Sciences > HG Finance
Divisions:	Faculty of Business and Economics (FBE) > School of Economics
Depositing User:	Ms Shalni Sanjana
Date Deposited:	14 Jun 2011 01:45
Last Modified:	10 Jul 2012 08:52
URI:	https://repository.usp.ac.fj/id/eprint/4684

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