Paradise Lost? : Growth, Convergence and Migration in the South Pacific /

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...

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Bibliographische Detailangaben
1. Verfasser: Loayza, Norman
Weitere Verfasser: Cashin, Paul
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 1995.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 1995/028
Online Zugang:Full text available on IMF
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100 1 |a Loayza, Norman. 
245 1 0 |a Paradise Lost? :   |b Growth, Convergence and Migration in the South Pacific /  |c Norman Loayza, Paul Cashin. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1995. 
300 |a 1 online resource (42 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |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. 
538 |a Mode of access: Internet 
700 1 |a Cashin, Paul. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1995/028 
856 4 0 |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