Assessment of Economic Growth Aspects and Prospects in South Pacific Countries Till 2015

Abstract

The South pacific region is a source of cauldron of major powers attracting the attention of Australia, China and USA but dominated for the last half a century by Australia. This paper analyses the growth trend in the South Pacific countries. The parameters analyzed are Unemployment, Import-Exports and Tourism through the time series data obtained from IMF, WTTC. The results show a significant impact of Import-Exports and Tourism on the GDP of these countries which has been shown by the significance of the model.