Small Island States in the Pacific [electronic resource] : the Tyranny of Distance / Chris Becker.
Material type: TextSeries: IMF Working Papers; Working Paper ; No. 12/223Publication details: Washington, D.C. : International Monetary Fund, 2012Description: 1 online resource (28 p.)ISBN: 1475510268 :ISSN: 1018-5941Subject(s): Comparative Studies of Countries | Economic Development: Regional | Economic Growth and Aggregate Productivity: General | Economic Outcomes | Economies of Scale | Economywide Country Studies: Oceania | Australia | Greenland | TuvaluAdditional physical formats: Print Version:: Small Island States in the Pacific : the Tyranny of DistanceOnline resources: IMF e-Library | IMF Book Store Abstract: This paper seeks to document key characteristics of small island states in the Pacific. It restricts itself to a limited number of indicators which are macro-orientated - population, fertility of land, ability to tap into economies of scale, income, and geographic isolation. It leaves aside equally important but more micro-orientated variables and development indicators. We show that small island states in the Pacific are different from countries in other regional groupings in that they are extremely isolated and have limited scope to tap economies of scale due to small populations. They often have little arable land. There is empirical evidence to suggest that these factors are related to income growth.This paper seeks to document key characteristics of small island states in the Pacific. It restricts itself to a limited number of indicators which are macro-orientated - population, fertility of land, ability to tap into economies of scale, income, and geographic isolation. It leaves aside equally important but more micro-orientated variables and development indicators. We show that small island states in the Pacific are different from countries in other regional groupings in that they are extremely isolated and have limited scope to tap economies of scale due to small populations. They often have little arable land. There is empirical evidence to suggest that these factors are related to income growth.
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