Determinants of demand for Fiji's exports : an empirical investigation

Narayan, Paresh Kumar and Narayan, Seema 2004, Determinants of demand for Fiji's exports : an empirical investigation, Developing economies, vol. 42, no. 1, pp. 95-112.


Title Determinants of demand for Fiji's exports : an empirical investigation
Author(s) Narayan, Paresh Kumar
Narayan, Seema
Journal name Developing economies
Volume number 42
Issue number 1
Start page 95
End page 112
Publisher Wiley Interscience
Place of publication Malden, MA.
Publication date 2004-03
ISSN 0012-1533
1746-1049
Summary Fiji is no exception to the rule that exports are an important source of growth and development. In this light, it is important to know the determinants of exports. However, there is no empirical study on Fiji's export demand. This paper uses the modern econometric techniques—in particular, the autoregressive distributed lag approach to cointegration—to investigate whether the standard export demand variables, viz., trading partner income, export price, and competitor price, have a long-run cointegration relationship with Fiji's real exports for the period 1970 to 1999. In addition, the long-run results are also estimated by using the dynamic ordinary least squares and the fully modified ordinary least squares. The empirical results indicate the existence of a cointegration relationship among the variables. The long-run foreign income, own-price, and cross-price elasticities are found to be 0.7 to 0.8, −1.3 to −1.5, and 2.1 to 2.2, respectively.
Language eng
Field of Research 140302 Econometric and Statistical Methods
HERDC Research category C1.1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30024689

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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