In the context of the ongoing current global economic downturn, mobilization of foreign exchange earnings has assumed considerable importance. By adopting an augmented Solow model approach, this paper examines the long-run growth effects of Fijis inward remittances during a threedecade period...

Vanuatu is a pure tax haven. Freedom of movement of capital and absence of direct taxation of any kind on citizens and resident expatriates alike made Vanuatu an attractive offshore financial center (OFC) in the Pacific. Vanuatu for its budgetary needs has therefore, been depending on indirect...

This paper examines the roles of foreign direct investment (FDI) and financial development (FD) in Pacific island countries (PICs), with a case study on Vanuatu. It has been documented in various empirical studies on other regions that well developed financial systems enable countries to take...