Growth Constraints and Determinants of a South Pacific Island in a Global Economy: A Study of Fiji

Tiru Jayaraman () and Chee-Keong Choong

Global Economic Review, 2006, vol. 35, issue 4, 425-444

Abstract: In a global economy, the South Pacific islands face unique constraints to growth. The study investigates whether Fiji was benefited by three-decade old open trade policies. Through a multivariate cointegration analysis, the study establishes the existence of a long-run relationship between open trade policy and physical and human capital resources. Although physical capital had a positive impact on growth, the existing complementary relationship between two kinds of capital requires that a threshold between physical and human capital needs to be attained before any negative influence on growth can be transformed into positive impact.

Keywords: open trade policy; endogenous growth; physical capital; human capital; cointegration (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1080/12265080601053850

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