Trouble in Paradise? Savings and Growth in Fiji, 1970-2001

Haroon Akram-Lodhi and Ardeshir Sepehri

Journal of the Asia Pacific Economy, 2001, vol. 6, issue 3, 360-385

Abstract: This article reviews Fiji's macroeconomic performance and assesses the relative significance of foreign exchange, domestic savings and public sector resources on Fiji's economic growth by formulating and estimating a three-gap model. The foreign exchange gap equation indicates a sharp tradeoff between investment and capacity utilization. The government savings constraint also appears to be binding. The model is then simulated for the period between 1997 and 2001 underfourgrowth path 'scenarios' that make differing assumptions concerning Fiji's output, exports and capital flows. The results suggest that the external financing required to achieve a 'socially desirable' growth path is modest, amounting to an average of 3.5 per cent of potential output.

Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13547860120097395 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rjapxx:v:6:y:2001:i:3:p:360-385

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjap20

DOI: 10.1080/13547860120097395

Access Statistics for this article

Journal of the Asia Pacific Economy is currently edited by Leong Liew

More articles in Journal of the Asia Pacific Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().