Trade liberalisation and economic growth in Fiji : an empirical assessment using the ARDL approach

Narayan, Paresh Kumar and Smyth, Russell 2005, Trade liberalisation and economic growth in Fiji : an empirical assessment using the ARDL approach, Journal Of Asian pacific economy, vol. 10, no. 1, pp. 96-115.

Attached Files
Name Description MIMEType Size Downloads

Title Trade liberalisation and economic growth in Fiji : an empirical assessment using the ARDL approach
Author(s) Narayan, Paresh Kumar
Smyth, Russell
Journal name Journal Of Asian pacific economy
Volume number 10
Issue number 1
Start page 96
End page 115
Publisher Routledge
Place of publication London, England
Publication date 2005-02
ISSN 1354-7860
1469-9648
Summary This study investigates the effect of trade liberalization on economic performance in Fiji using a Cobb-Douglas production function, which is expanded to take into account political instability and trade liberalization. The long run results conform to theoretical expectations, except for the contribution of labour force, which is negatively related to real Gross Domestic Product. We attribute this to the rapid and consistent emigration of skilled labour following the 1987 coups. While human capital was found to be the most influential variable, exports and investment were found to be weakly related to Gross Domestic Product. The key finding is that the dummy variable for signing the IMF agreement in 1984 had a statistically significant positive effect on real Gross Domestic Product in the long run, but the short run effects of signing the agreement as well as the short run and long run effects of implementing the agreement in 1986 were statistically insignificant.
Language eng
Field of Research 140202 Economic Development and Growth
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:30024720

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
Connect to link resolver
 
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Versions
Version Filter Type
Citation counts: Scopus Citation Count Cited 25 times in Scopus
Google Scholar Search Google Scholar
Access Statistics: 431 Abstract Views, 2 File Downloads  -  Detailed Statistics
Created: Tue, 02 Mar 2010, 11:30:12 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.