Financial sector development and economic growth in Pacific island countries

Satish Chand, Satish Chand

    Research output: Contribution to journalArticle

    Abstract

    This paper explores the relationship between financial sector development and economic growth in the Pacific island countries. The analysis suggests that the poor state of financial sectors has constrained the mobilisation of savings for growth and therefore restricted economic development in the region. Moreover, past policies to 'assist' financial sector development have been counterproductive. Alternative policy options to achieve the desired results are explored.
    Original languageEnglish
    Pages (from-to)117-133
    JournalPacific Economic Bulletin
    Volume17
    Issue number2
    Publication statusPublished - 2002

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