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Macroeconomic Policies for Growth in Small Pacific Island Economies

Author

Listed:
  • Anis Chowdhury
  • Yogi Vidyattama

Abstract

This paper examines macroeconomic performance and policies in small Pacific island economies (SPIEs). These economies are highly prone to various supply shocks and face severe obstacles to development arising from their geography and demography. However, the paper contends that their lacklustre growth performance over the last two decades has also been due to excessively conservative macroeconomic policies. That is, a confluence of supply shocks and policy-induced constrained demand has resulted in poor economic performance.

Suggested Citation

  • Anis Chowdhury & Yogi Vidyattama, 2007. "Macroeconomic Policies for Growth in Small Pacific Island Economies," WIDER Working Paper Series RP2007-24, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2007-24
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    File URL: https://www.wider.unu.edu/sites/default/files/rp2007-24.pdf
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