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dc.contributor.authorSharma, Parmendra
dc.contributor.authorGounder, Neelesh
dc.contributor.editorAkimov, Alexandr
dc.date.accessioned2020-01-16T07:58:27Z
dc.date.available2020-01-16T07:58:27Z
dc.date.issued2012
dc.identifier.issn1836-8123
dc.identifier.otherRePEc:gri:fpaper:finance:201215
dc.identifier.urihttp://hdl.handle.net/10072/390426
dc.description.abstractA body of evidence accumulated over the past several years, via different methods and estimation techniques, using firm-and household-level data, across many regions and countries show that finance matters for growth. Yet the role of finance in fostering growth in the Pacific, ironically, a region in dire need of sustainable growth and development, continues to appear less important, possibly for the reason that the relationship in the case of the region is not properly understood, due in turn to perhaps a lack of systematic empirical evidence. This study provides a first cross-country insight into the finance-growth nexus in the Pacific. Results, using balanced panel data extending 25 years, and the dynamic Generalised Method of Moments (GMM) estimation technique, show that finance is likely to matter for growth in the small, open Pacific Island Countries as well. Our findings strengthen the growing finance-growth literature, further alleviate scepticisms that may arise from shortcomings of different methods and estimation techniques, and have important policy implications for the Pacific.
dc.format.extent10 pages
dc.languageEnglish
dc.publisherGriffith University
dc.publisher.placeBrisbane, Australia
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto10
dc.subject.keywordsG00 - Financial Economics: General
dc.subject.keywordsC23 - Single Equation Models; Single Variables: Models with Panel Data; Longitudinal Data; Spatial Time Series
dc.subject.keywordsFinance
dc.subject.keywordseconomic growth
dc.subject.keywordsPacific Island Countries
dc.subject.keywordspanel data
dc.title2012-15: Does finance matter for growth in the small, open Pacific Island Countries? (Working paper)
dc.typeReport
dc.type.descriptionDiscussion Paper
gro.facultyGriffith Business School
gro.description.notepublicFinance
gro.rights.copyrightCopyright © 2010 by author(s). No part of this paper may be reproduced in any form, or stored in a retrieval system, without prior permission of the author(s).
gro.date.issued2012
gro.hasfulltextFull Text
gro.griffith.authorSharma, Parmendra P.
gro.griffith.authorGounder, Neelesh NV.


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