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A re-examination of private investment in Fiji

Singh, Rup (2007) A re-examination of private investment in Fiji. Pacific Economic Bulletin, 22 (2). pp. 63-73. ISSN 1023-9499

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Abstract

In this article, a neo-classical investment equation is estimated for Fiji. The results indicate that the long-run output elasticity is unity and the interest rate elasticity is around –0.4. Elasticities of this order indicate that further interest rate increases by the Reserve Bank of Fiji may reduce investment levels in Fiji. Furthermore, the expected rates of inflation and political uncertainties appear to have had significant negative effects on private investment in Fiji.

Item Type: Journal Article
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Business and Economics (FBE) > School of Economics
Depositing User: Ms Mereoni Camailakeba
Date Deposited: 20 Jan 2007 13:11
Last Modified: 18 Jul 2012 17:24
URI: http://repository.usp.ac.fj/id/eprint/76
UNSPECIFIED

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