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The MIRAB model has been put forward as a way to explain the economies of small island nations with little formal sector economic activity, explaining the development of these economies based on a mix of migration, remittances, aid and bureaucracy. Reinforcing these characteristics has been the generation of rental incomes from sovereignty-conferred rights. Adding to the debate over the sustainability of MIRAB countries, this article seeks to determine the magnitude, variability and sustainability of revenues from sovereignty-conferred rights in Tuvalu. |
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