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.
| Original language | English |
|---|---|
| Pages (from-to) | 117-132 |
| Number of pages | 16 |
| Journal | Pacific Economic Bulletin |
| Volume | 17 |
| Issue number | 2 |
| Publication status | Published - 2002 |