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01994cas a2200253 a 4500 |
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|c 5.00 USD
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|z 9781451844603
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Loayza, Norman.
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|a Paradise Lost? :
|b Growth, Convergence and Migration in the South Pacific /
|c Norman Loayza, Paul Cashin.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1995.
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| 300 |
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|a 1 online resource (42 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper examines the determinants of growth for nine South Pacific countries during the period 1971-93, using the analytical framework of the Solow-Swan neoclassical growth model. Chamberlain's II-matrix estimator is used to account for unobserved country-specific heterogeneity in the growth process, and to control for errors-in-variables bias in calculations of real per-capita GDP. The speed of convergence of South Pacific countries to their respective steady-state levels of per-capita GDP, after controlling for the important regional effects of net international migration, is estimated at a relatively fast 4 percent per year. In addition, private and official transfers emanating from regional donor countries have kept the dispersion of real per-capita national disposable income constant over the period, despite a significant widening in the regional dispersion of real per-capita GDP.
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|a Mode of access: Internet
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|a Cashin, Paul.
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|a IMF Working Papers; Working Paper ;
|v No. 1995/028
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1995/028/001.1995.issue-028-en.xml
|z IMF e-Library
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