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Doubling fish exports or garment exports: which would benefit the Fijian economy most? Evidence from a computable general equilibrium model

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Author Info
Paresh Kumar Narayan
Biman Chand Prasad

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Abstract

The need to diversify Fiji's export base has been identified as an important avenue for reducing Fiji's vulnerabilities in international trade. This paper poses the question: Doubling fish exports or garment exports: which would be most beneficial for the Fijian economy? To achieve the goal of this paper, the computable general equilibrium model is used, this being at the forefront of research on 'impact studies’. The main finding is that when garment exports and fish exports are doubled, the benefits to the Fijian economy are greater from garment exports, suggesting that the latter has stronger linkages with the rest of the economy. On the basis of this finding, policymakers should divert resources towards sustaining the garment industry whose future is uncertain due to expiring trade agreements and unstable economic policies.

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Publisher Info
Article provided by Taylor and Francis Journals in its journal Applied Economics.

Volume (Year): 38 (2006)
Issue (Month): 6 (April)
Pages: 717-723
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Handle: RePEc:taf:applec:v:38:y:2006:i:6:p:717-723

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  1. Paresh Kumar Narayan & Russell Smyth, 2005. "Temporal causality and the dynamics of democracy, emigration and real income in Fiji," International Review of Applied Economics, Taylor and Francis Journals, vol. 19(2), pages 245-261, March. [Downloadable!] (restricted)
  2. Adams, Philip D & Parmenter, Brian R, 1995. "An Applied General Equilibrium Analysis of the Economic Effects of Tourism in a Quite Small, Quite Open Economy," Applied Economics, Taylor and Francis Journals, vol. 27(10), pages 985-94, October.
  3. Narayan, Paresh Kumar & Narayan, Seema, 2005. "Estimating income and price elasticities of imports for Fiji in a cointegration framework," Economic Modelling, Elsevier, vol. 22(3), pages 423-438, May. [Downloadable!] (restricted)
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