Comparing the Economic Performance of Dependent Territories and Sovereign Microstates

By H. Armstrong, R. Read. Economic development and cultural change, 2000

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On the Convergence of Small Island Economies with Their Metropolitan Patrons (2004, background): “Empirically, however, ‘‘vulnerability’’ as usually measured appears to have a positive, not negative, association with economic growth performance (Armstrong & Read, 2000, 2002).”
Introduction: The MIRAB model in the twenty‐first century (2006, background): “…findings that small states display stronger economic performance than an orthodox development economist would expect (Armstrong and Read, 2002), that small dependent territories outperform sovereign small states (Armstrong and Read, 2000), and that island small states outperform landlocked ones.”
Growth, development and tourism in a small economy: evidence from Aruba (2003, background): “Armstrong and Read (2000) found that tourism has a strong positive relationship with growth.”
Tourism and Economic Growth (2016, background): “This has also been seen in smaller destinations that have a high tourism image (Lanza and Pigliaru 2000b; Armstrong and Read 2000).”