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Foreign direct investment in the South Pacific Island countries: a case study of Fiji

Jayaraman, Tiruvalangadu K. and Choong, C.K. (2006) Foreign direct investment in the South Pacific Island countries: a case study of Fiji. World Review of Entrepreneurship, Management and Sustainable Development, 2 (4). pp. 309-322. ISSN 1746-0573

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Abstract

The South Pacific region has been lagging behind in growth in comparison to similarly placed island countries in the Caribbean and Indian Ocean regions. This paper, which undertakes an empirical study, establishes that the rate of growth, market size, openness policy and real exchange rate are crucial determinants of foreign direct investment (FDI) inflows into Fiji. Further, the Granger noncausality test based on Vector Error Correction Model shows that there is a bi-directional causal linkage between FDI and economic growth. The conclusion is that Fiji should adopt an appropriate policy environment for encouraging the growth inducing FDI inflows.

Item Type: Journal Article
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Business and Economics (FBE) > School of Economics
Depositing User: Ms Neha Harakh
Date Deposited: 09 Dec 2006 10:37
Last Modified: 10 Jul 2012 20:25
URI: http://repository.usp.ac.fj/id/eprint/2681
UNSPECIFIED

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