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Fiji: Background Material

International Monetary Fund

No 1995/128, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews Fiji’s growth performance since the late 1960s and empirically examines the factors underlying its weak performance. It concludes that Fiji’s growth performance, like most of the other Pacific island economies, has been constrained by its remoteness and vulnerability to external shocks. The main constraints to growth associated with small island economies are reviewed along with developments in the policy framework. The paper also analyzes Fiji’s growth performance and output behavior from different angles using three approaches: the Hodrick-Prescott filter, a growth accounting framework, and a reduced form equation.

Keywords: ISCR; CR; Fiji; exchange rate; growth performance; exchange rate volatility; sugar export; growth experience; Fiji authorities; short-run output fluctuation; reviews exchange rate policy; Real exchange rates; Real effective exchange rates; Exchange rates; Terms of trade; Exchange rate assessments; Pacific Islands; Australia and New Zealand (search for similar items in EconPapers)
Pages: 83
Date: 1996-01-02
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