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Financial Sector Development and Remittances in Pacific Island Economies: How Do They Help the World's Two Most Recipient-Dependent Countries?
- Source :
-
Perspectives on Global Development & Technology . 2011, Vol. 10 Issue 3/4, p386-405. 20p. - Publication Year :
- 2011
-
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. [ABSTRACT FROM AUTHOR]
- Subjects :
- *RECESSIONS
*EXPORTS
*REMITTANCES
DEVELOPED countries
Subjects
Details
- Language :
- English
- ISSN :
- 15691500
- Volume :
- 10
- Issue :
- 3/4
- Database :
- Academic Search Index
- Journal :
- Perspectives on Global Development & Technology
- Publication Type :
- Academic Journal
- Accession number :
- 70387532
- Full Text :
- https://doi.org/10.1163/156914911X610376