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Social Science > Emigration and Immigration

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  • Type: Journal Issue x
  • Papua New Guinea x
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Cover IMF Working Papers
Remittances in the Pacific Region
Ms. Aiko Mineshima
and
Mr. Christopher Browne
Remittances are large and have grown substantially over the past decade in the Pacific region. This primarily reflects the impact of emigration due to low growth and limited employment prospects at home. Many Pacific emigrants settle abroad with their families for long periods, but maintain close links with their relatives, villages and churches. The paper finds that the altruistic motive for remittances remains much stronger in the Pacific region than in the rest of Asia, where investment considerations increasingly appear to predominate, especially for the large share of single citizens working abroad for limited periods.
Keywords:
WP; remittance inflow; country; island country; Tonga; government; Remittances; Pacific island countries; remittance channel; remittance flow; unrecorded remittance; government service delivery; Migration; Balance of payments statistics; Income; Pacific Islands; Australia and New Zealand; Middle East
Cover IMF Working Papers
Paradise Lost? Growth, Convergence and Migration in the South Pacific
Norman Loayza
and
Mr. Paul Cashin
This paper examines the determinants of growth for nine South Pacific countries during the period 1971-93, using the analytical framework of the Solow-Swan neoclassical growth model. Chamberlain’s II-matrix estimator is used to account for unobserved country-specific heterogeneity in the growth process, and to control for errors-in-variables bias in calculations of real per-capita GDP. The speed of convergence of South Pacific countries to their respective steady-state levels of per-capita GDP, after controlling for the important regional effects of net international migration, is estimated at a relatively fast 4 percent per year. In addition, private and official transfers emanating from regional donor countries have kept the dispersion of real per-capita national disposable income constant over the period, despite a significant widening in the regional dispersion of real per-capita GDP.
Keywords:
WP; growth rate; per-capita GDP; Island economy; II-matrix estimation procedure; procedure consist; per-capita income; rate of growth; island economies of the South Pacific; time series; Personal income; Migration; National income; Public expenditure review; Disposable income; Australia and New Zealand