[1]
|
Australian Agency for International Development, “Pacific Economic Survey 08, Connecting the Region,” Commonwealth of Australia, Canberra, 2008.
|
[2]
|
United Nations Economic and Social Commission for Asia and Pacific (UNESCAP), “Economic and Social Survey 2008,” UN ESCAP, Bangkok, 2008.
|
[3]
|
Asian Development Bank (ADB), “Asian Development Outlook 2008,” Manila, 2008.
|
[4]
|
Asian Development Bank (ADB), “The Challenge of Higher Oil Prices,” In: Asian Development Bank, Eds., Asian Development Outlook 2005 Update, ADB, Manila, 2005, pp. 65-86.
|
[5]
|
A. Prasad, P. K. Narayan and J. Narayan, “Exploring the Oil Price and Real GDP Nexus for a Small Island Economy, the Fiji Islands,” Energy Policy, Vol. 35, No. 12, December 2007, pp. 6506-6513.
doi:10.1016/j.enpol.2007.07.032
|
[6]
|
World Bank, “World Development Indicators 2007, CD ROM,” The World Bank, Washington D.C., 2007.
|
[7]
|
Asian Development Bank (ADB), “Key Indicators of Developing Asian and Pacific Countries,” Manila, 2007.
|
[8]
|
T. Levantis, “Oil Price Vulnerability in the Pacific,” Pacific Economic Bulletin, Vol. 23, No. 2, 2008, pp. 214-225.
|
[9]
|
J. Morris, “Small Island States bulk Fuel Procurement of Petroleum Products: Feasibility Study,” Pacific Islands Forum Secretariat, Suva, 2006.
|
[10]
|
A. Sanghi and A. Bartmanovich, “Harnessing Competitive Forces to Reduce Fuelcosts in Small Island Economies,” Pacific Economic Bulletin, Vol. 22, 2007, pp. 175-179
|
[11]
|
K. A. Mork, “Oil Shocks and the Macroeconomy When Prices Go Up and Down: An Extension of Hamilton’s Results,” Journal of Political Economy, Vol. 97, No. 3, 1989, pp. 740-744. doi:10.1086/261625
|
[12]
|
K. Lee, S. Ni and R. A. Ratti, “Oil Shocks and the Macroeconomy: The Role of Price Variability,” Energy Journal, Vol. 16, No. 4, 1995, pp. 39-56.
doi:10.5547/ISSN0195-6574-EJ-Vol16-No4-2
|
[13]
|
J. Hamilton, “Oil and the Macroeconomy since the World War II,” Journal of Political Economy, Vol. 91, No. 2, 1983, pp. 228-248. doi:10.1086/261140
|
[14]
|
J. Hamilton, “This Is What Happened to the Oil Price— Macroeconomy Relationship,” Journal of Monetary Economics, Vol. 38, No. 2, 1996, pp. 215-220.
doi:10.1016/S0304-3932(96)01282-2
|
[15]
|
J. Hamilton, “What Is an Oil Shock?” Journal of Econometrics, Vol. 113, No. 2, April 2003, pp. 363-398.
doi:10.1016/S0304-4076(02)00207-5
|
[16]
|
R. H. Rasche and J. Tatom, “Energy Price Shocks, Aggregate Supply and Monetary Policy: The Theory and the International Evidence,” Carnegie Rochester Conference Series on Public Policy, New York, 1981, pp. 9-93.
|
[17]
|
M. R. Darby, “The Price of Oil and World Inflation and Recession,” American Economic Review, Vol. 72, No. 4, 1982, pp. 738-751.
|
[18]
|
J. Burbidge, A. Harrison, “Testing for the Effects of Oil Price Rises Using Vector autoregressions,” International Economics Review, Vol. 25, No. 2, 1984, pp. 459-484.
doi:10.2307/2526209
|
[19]
|
M. Gisser and T. H. Goodwin, “Crude Oil and the Macroeconomy: Tests of Some Popular Notions,” Journal of Money, Credit and Banking, Vol. 18, No. 1, 1986, pp. 95-103. doi:10.2307/1992323
|
[20]
|
R. Jiménez-Rodriguez and M. Sánchez, “Oil Price Shock and Real GDP Growth: Empirical Evidence for Some OECD Countries,” Applied Economics, Vol. 37, No. 2, 2005, pp. 201-228. doi:10.1080/0003684042000281561
|
[21]
|
S. Kim and T. D. Willett, “Is the Negative Correlation between Inflation and Economic Growth? An Analysis of the Effect of the Oil Supply Shocks,” Applied Economics Letters, Vol. 7, No. 3, 2000, pp. 141-147.
doi:10.1080/135048500351681
|
[22]
|
Y. U. Glasure and A.-R. Lee, “The Impact of Oil Prices on Income and Energy,” International Advances in Economic Research, Vol. 8, No. 2, 2002, pp. 148-154.
doi:10.1007/BF02295345
|
[23]
|
IMF, “The Impact of High Oil Prices on the Global Economy,” Research Department, IMF, Washington DC., 2000.
|
[24]
|
G. S. Maddala and S. W. Wu, “A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test,” Oxford Bulletin of Economics and Statistics, Vol. 61, Special issue, 1999, pp. 631-652.
doi:10.1111/1468-0084.61.s1.13
|
[25]
|
K. Hadri, “Testing for Stationarity in Heterogeneous Panel Data,” Econometrics Journal, Vol. 3, No. 2, 2000, pp. 148-161. doi:10.1111/1368-423X.00043
|
[26]
|
A. Levin, C.-F. Lin and C.-S. J. Chu, “Unit Root Tests in Panel Data: Asymptotic and Finite Sample Properties,” Journal of Econometrics, Vol. 108, No. 1, 2002, pp. 1-24.
doi:10.1016/S0304-4076(01)00098-7
|
[27]
|
K. S. Im, M. H. Pesaran and Y. Shin, “Testing for Unit Roots in Heterogeneous Panels,” Journal of Econometrics Vol. 115, No. 1, 2003, pp. 53-74.
doi:10.1016/S0304-4076(03)00092-7
|
[28]
|
P. Pedroni, “Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors,” Oxford Bulletin of Economics and Statistics. Vol. 61, Special Issue, 1999, pp. 653-670. doi:10.1111/1468-0084.61.s1.14
|
[29]
|
P. Pedroni, “Purchasing Power Parity Tests in Cointegrated Panels,” The Review of Economics and Statistics, Vol. 83, No. 4, 2001, pp. 727-731.
doi:10.1162/003465301753237803
|
[30]
|
P. Pedroni, “Panel Cointegration: Asymptotic and Finite Sample Properties of Pooled Time Series Tests with an Application to the PPP Hypothesis,” Econometric Theory, Vol. 20, No. 3, 2004, pp. 597-625.
doi:10.1017/S0266466604203073
|
[31]
|
C. Kao, “Spurious Regression and Residual-Based Tests for Cointegration in Panel Data,” Journal of Econometrics, Vol. 90, No. 1, 1999, pp. 1-44.
doi:10.1016/S0304-4076(98)00023-2
|
[32]
|
P. Pedroni, “Fully Modified OLS for Heterogeneous Cointegrated Panels,” Advances in Econometrics, Vol. 15, 2000, pp. 93-130. doi:10.1016/S0731-9053(00)15004-2
|
[33]
|
D. Holtz-Eakin, W. Newey and H. S. Rosen,“Estimating Vector Autoregressions with Panel Data,” Econometrica, Vol. 56, No. 6, 1988, pp. 1371-1395.
doi:10.2307/1913103
|
[34]
|
D. Holtz-Eakin, W. Newey and H. S. Rosen, “The Revenues-expenditure Nexus: Evidence from Local Government Data,” International Economic Review, Vol. 30, No. 2, 1989, pp. 415-429. doi:10.2307/2526655
|