Are the Asia and Pacific Small States Different from Other Small States? / Patrizia Tumbarello, Ezequiel Cabezon, Yiqun Wu.

Format:

Book

Government document

Author/Creator:

Tumbarello, Patrizia.

Contributor:

Cabezon, Ezequiel.

Wu, Yiqun.

Series:

IMF Working Papers; Working Paper ; No. 2013/123

IMF Working Papers

Language:

English

Subjects (All):

States, Small--Economic conditions.

States, Small.

Asia--Economic conditions.

Asia.

Physical Description:

1 online resource (30 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

The small states of the Asia and Pacific region face unique challenges in raising their growth potential and living standards relative to other small states due to their small populations, geographical isolation and dispersion, narrow export and production bases, exposure to shocks, and heavy reliance on aid. Higher fixed government costs, low access to credit by the private sector, and capacity constraints are also key challenges. The econometric analysis confirms that the Pacific Island Countries (PICs) have underperformed relative to their peers over the last 20 years. Although these countries often face more limited policy tools, policies do matter and can further help build resilience and raise potential growth, as evidenced in the recent business cycle. The Asia and Pacific small states should continue rebuilding buffers and improve the composition of public spending in order to foster inclusive growth. Regional solutions should also continue to be pursued.

Contents:

Cover; Contents; I. Introduction; II. Characteristics of Small States in the Asia and Pacific Region; Figures; 1. Small States-Asia and Pacific Region: Population, 2011; 2. Small States-Asia and Pacific Region: Distance to the Closest Continent; 3 Small States-Asia and Pacific Region: Liner Shipping Connectivity Index; 4. Population versus GDP-Weighted Distance; 5. Small States-Asia and Pacific Region: Current Government Expenditure, 2011; Tables; 1. Geographical Dispersion: Average Sea Distance between Two Inhabitants for the Same Country

6. Small States-Asia and Pacific Region: Cost of Government, 1990-20102. Small States-Asia and Pacific Region: Main Exports of Goods and Services; 7. Small States: Trade Openness; 8. Small States-Asia and Pacific Region: Trade Openness; 9. Small States-Asia and Pacific Region: Interest Rate Spread of Commercial Banks; 10. Small States-Asia and Pacific Region: Domestic Credit to Private Sector; 11. Small States-Asia and Pacific Region: Financial Development and Inequality, 1990-10; 3. Small Pacific Island Countries: Interest and Non-interest Income of Commercial Banks, 2011

12. Small States-Asia and Pacific Region: Real per Capita GDP Growth and Business Climate, 2000-1013. Small States-Asia and Pacific Region: Ease of Doing Business Index; III. Managing Shocks, Vulnerability, and Volatility; A. Shocks; 14. Small States-Asia and Pacific Region: Secondary School Enrollment; 15. Selected Asia and Pacific Countries: Lowest Human Development Index (HDI) Rank, 2011; 16. Small States-Asia and Pacific Region: Tourism and Remittances; 17. Small States-Asia and Pacific Region: Sovereign and Investment Fund Balances

18. Small States-Asia and Pacific Region: Official Development Aid by OECD Donors19. Small States-Asia and Pacific Region: Official Development Assistance by Donors; B. Vulnerability; 20. Average Impact of National Disasters; 21. Small States-Frequencies of Shocks; 22. Small States-Asia and Pacific Region: External Grants, 2011; 23. Small States-Asia and Pacific Region: Trade Balance of Goods and Services; C. Volatility; 24. Small States-Asia and Pacific Region: Current Accounts Excluding Grants; 25. Small States-Asia and Pacific Region: Public Debt, 2011

26. Small States-Asia and Pacific Region: Volatility of Real per Capita GDP Growth, 1990-201027. Small States-Asia and Pacific Region: Real per Capita GDP Volatility and Growth, 1990-2010; 28. Small States-Asia and Pacific Region: Volatility of Real per Capital GDP Growth and Governance, 1990-2010; 29. Small States-Asia and Pacific Region: Volatility of GDP Growth, Terms of Trade, Aid, and Current Account Balance, 1990-2010; 30. Small States-Asia and Pacific Region: Revenue Volatility; 31. Small States-Asia and Pacific Region: Fiscal Volatility, 1990-2010

32. Small States-Asia and Pacific Region: Pro-cyclical Bias in Fiscal Policy, 2005-10

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on print version record.

ISBN:

9781484389140

148438914X

9781484365373

1484365372

9781484315064

1484315065