Export-led growth hypothesis: evidence from Papua New Guinea and Fiji
Narayan, Paresh, Narayan, Seema, Prasad, Biman Chand and Prasad, Arti 2007, Export-led growth hypothesis: evidence from Papua New Guinea and Fiji, Journal of economic studies, vol. 34, no. 4, pp. 341-351.
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Export-led growth hypothesis: evidence from Papua New Guinea and Fiji
Purpose - This paper aims to examine the export-led growth hypothesis for Fiji and Papua New Guinea (PNG).
Design/methodology/approach – The paper investigates the export-led growth hypothesis for Fiji and PNG who have been facing dismal economic growth performances over the last couple of decades.
Findings – Findings of the study suggest that for Fiji there is evidence of export-led growth in the long-run, while for PNG there is evidence of export-led growth in the short-run.
Originality/value – The findings of this paper have important messages for policy makers given that export sectors in both countries investigated are underdeveloped due mainly to a sustained period of political instability.