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Full-Text Articles in International Economics
Exploring The Nexus Between Trade, Visitor Arrivals, Remittances And Income In The Pacific: A Study Of Vanuatu, Ronald R. Kumar, Vijay Naidu, Radika Kumar
Exploring The Nexus Between Trade, Visitor Arrivals, Remittances And Income In The Pacific: A Study Of Vanuatu, Ronald R. Kumar, Vijay Naidu, Radika Kumar
Dr Ronald R Kumar
We explore the contributions of trade openness, remittance inflows and expansion in tourism towards improving income in Vanuatu over the periods 1983-2009 using the augmented Solow approach and the ARDL bounds test. The results show trade openness and remittances have a positive and statistically significant effect on the long run growth of the economy while tourism expansion is not statistically significant. For a broad-based development policy we propose: remittance inflows need to be encouraged and additional remittance markets to be explored; trade negotiations with specific focus on temporary movement of natural persons need to be prioritized; and ensuring access to …
Exploring Sectoral Contributions To Growth In Fiji: A Focus On Agriculture Development, Ronald R. Kumar
Exploring Sectoral Contributions To Growth In Fiji: A Focus On Agriculture Development, Ronald R. Kumar
Dr Ronald R Kumar
In this study, we explore the contribution from agriculture, manufacturing and services to the economic growth of Fiji. The results show in the long-run, services sector has the largest contribution (0.91 percent), followed by manufacturing (0.88 percent) and agriculture (0.22 percent). In the short run, mixed contribution from manufacturing and services due to short-run shocks and negative contribution from agriculture due to poor performances of key agricultural activities raises concern for long term economic sustainability. Therefore, key sub-sector integrated policies and reforms to improve and capitalise on agriculture, manufacturing and services are put forward as pro-growth measures for sustainable development …