02034cas a2200277 a 4500 AALejournalIMF013538 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484399040 1018-5941 BD-DhAAL BD-DhAAL Yang, Yongzheng. The Pacific Speed of Growth : How Fast Can It Be and What Determines It? / Yongzheng Yang, Hong Chen, Shiu raj Singh, Baljeet Singh. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (44 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This study aims to test within a relatively homogeneous group of small states what differentiates the growth performance of Pacific island countries (PICs) from their peers. We find that PICs are disadvantaged by distance and hampered by lower investment and exports compared with other small island states, but greater political stability, catch-up effects from lower initial incomes, and slower population growth have helped offset some of these disadvantages. On balance, policy-related factors, together with geography-related disadvantages, have led to growth rates in PICs that are much lower than in other small states. We also examine how real exchange rate appreciation, unfavorable developments in the external trade environment, and rising international transport costs may have contributed to PICs' slower growth over the past decade. Mode of access: Internet Chen, Hong. Singh, Baljeet. Singh, Shiu raj. IMF Working Papers; Working Paper ; No. 2013/104 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/104/001.2013.issue-104-en.xml IMF e-Library