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Financial sector development and economic growth in Pacific island countries

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Chand, Satish

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Asia Pacific Press

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.

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Source

Pacific Economic Bulletin, Vol. 17, No. 2, 2002

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Open Access

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