Pacific island countries (PICs) rely on national airlines for connectivity, trade, and tourism. These airlines are being struck hard by COVID-19. Losses will weigh on public sector balance sheets and pose risks to economic recovery. With a backdrop of tight fiscal space and increasing government...

In this collection, 17 leading scholars based in Solomon Islands, Fiji, Papua New Guinea, Timor-Leste, Australia, New Zealand, the United States and China analyse key dimensions of the changing relationship between China and the Pacific Islands and explore the strategic, economic and diplomatic...

This is the first study to systematically assess the significance of the standard money multiplier vis-à-vis the bank credit transmission channel in the case of Pacific Island Economies, focusing on Papua New Guinea. The vector autoregressive model comprising six variables - interest rate,...

Pacific island countries (PICs) rely on national airlines for connectivity, trade, and tourism. These airlines are being struck hard by COVID-19. Losses will weigh on public sector balance sheets and pose risks to economic recovery. With a backdrop of tight fiscal space and increasing government...

The demand for skills exceeds supply, both within the Pacific Islands and the high-income countries of the Pacific Rim. Enhancing skilled migration therefore has the potential to generate large economic gains. The Global Skill Partnership is a migration model that can support such mutually...

This paper proposes an easy-to-follow approach to track merchandise trade using vessel data and applies it to Pacific island countries. Pacific islands rely heavily on imports and maritime transport for trade. They are also highly vulnerable to climate change and natural disasters that pose...

The COVID-19 pandemic prompted a collapse in international tourism, severely impacting the tourism-dependent economies in the Asia and Pacific region. Once countries start reopening, tourism diversion effects could accelerate the recovery in countries that establish themselves as more attractive...

This departmental paper provides an in-depth overview of access to climate finance for Pacific Island Countries, evaluating successes and challenges faced by countries and proposes a way forward to unlock access to climate funds

This research brief examines how the characteristics of mortgages, borrowers, and lenders vary across Asian American and Pacific Islander (AAPI) subgroups using disaggregated race and ethnicity information in the 2020 Home Mortgage Disclosure Act (HMDA) data. Existing studies often portray AAPI...

This paper reviews the Public Financial Management (PFM) reform stategy for 16 Pacific Island Countries (PICs) during the period 2010-2020. The strategy was endorsed by the finance and economic ministers of the region (FEMM) in 2010. The paper analyzes more than 30 PEFA assessments carried out...

On average, appraisals find aid projects to be less effective in the Pacific than elsewhere in the developing world. In this study, we use a new multi-donor data set to study why aid projects are less effective in the region. We find the clearest impediments to effectiveness in the Pacific are...

While a decline in the market value of sovereign assets (below a benchmark level of liabilities) can trigger sovereign distress/default risk, volatility in sovereign assets can increase the risk premium on domestic debt and credit spread on external debt. These can escalate the probability of...

Natural disasters bring tremendous destruction to small island economies in the South Pacific region. Foreign development aid, as an important source of green finance in the region, has the fundamental purpose of reducing natural disasters' effect on the small island economies. With country...

This study examines the determinants of blue economy activities, namely tourism and fisheries, in 21 Asia and Pacific island countries during the period 1996 to 2016. Using a panel data model, it was found that the size of the blue economy positively depends on the gross fixed capital formation...

This paper reviews the Public Financial Management (PFM) reform stategy for 16 Pacific Island Countries (PICs) during the period 2010-2020. The strategy was endorsed by the finance and economic ministers of the region (FEMM) in 2010. The paper analyzes more than 30 PEFA assessments carried out...

This book focuses on the growth of entrepreneurship in Oceania. This means focusing on cultural endeavors as well as digital and technology-based forms of entrepreneurship. It is the first to explore how Oceania has a distinctive type of business appeal given its strategic position in the world....

Chapter 1. Oceania entrepreneurship: A future research agenda (Vanessa Ratten) -- Chapter 2. The job satisfaction trajectory during entrepreneurship entry and beyond (Safiya Mukhtar Alshibani, Thierry Volery and Ingebjorg Kristoffersen) -- Chapter 3. Coronavirus (COVID-19): Policy responses for...

Pacific island countries (PICs) are vulnerable severe natural disasters, especially cyclones, inflicting large losses on their economies. In the aftermath of disasters, PIC governments face revenue losses and spending pressures to address post-disaster relief and recovery efforts. This paper...

Background: User fees, transportation costs, and time costs impair access to healthcare by rural communities in low and middle income countries. However, effects of time costs on demand for healthcare are less understood than effects of user fees for health providers. In addition, prospective...

Intro; 1. Pacific Youth, Local and Global; 2. Flexibility, Possibility and the Paradoxes of the Present: Tongan Youth Moving into the Future; 3. Economic Changes and the Unequal Lives of Young People among the Wampar in Papua New Guinea; 4. 'Things Still Fall Apart': A Political Economy Analysis of...

This paper examines the role of international trade for economic prosperity in Pacific island countries (PICs), discusses their comparative advantage, and explores the potential for trade, and tourism in particular, to serve as a locomotive for inclusive economic growth. We find the trade...

In pursuit of economic and social development objectives, governments of Pacific Island Countries (PICs) desire to upgrade unpaved low-volume roads (LVRs) for the improvement in connectivity and quality of life associated with all weather-access. Whilst the benefits are clear, the capital cost...