Determinants of Exports in a Small and Vulnerable Economy: Fiji Islands—A Disaggregated Analysis.
The previous studies of exports performance in Fiji were carried out at the aggregate level. We conduct a disaggregated analysis of exports of three major products, namely, sugar, tourism, and gold. This analysis is useful for developing sector-based export promotion policies. The long run as well a...
| Publicado en: | European Journal of Development Research Vol. 34; no. 6; pp. 2948 - 2970 |
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| Autores principales: | , , , , |
| Formato: | Artículo |
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Palgrave Macmillan Ltd.
Dec2022
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=160326316&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 160326316 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 09578811 6ZM jtl: European Journal of Development Research issn: 09578811 maglogo: N pubinfo: dt: Dec2022 vid: 34 iid: 6 pid: 13817 pub: Palgrave Macmillan Ltd. artinfo: ui: 160326316 10.1057/s41287-022-00506-4 ppf: 2948 ppct: 22 formats: tig: atl: Determinants of Exports in a Small and Vulnerable Economy: Fiji Islands—A Disaggregated Analysis. aug: au: Chand, Ronal Singh, Rup Lal, Sumeet Chand, Nilesh Jain, Devendra Kumar affil: School of Accounting, Finance and Economics, The University of the South Pacific, Suva, Fiji Fijian Competition and Consumer Commission, Suva, Fiji su: Elasticity (Economics) Natural disasters Foreign trade promotion Demand function Gold markets Foreign exchange rates Prices Devaluation of currency Fiji sug: subj: Fiji Elasticity (Economics) Natural disasters Foreign trade promotion Demand function Gold markets Foreign exchange rates Prices Devaluation of currency keyword: Determinants of exports Elasticities of exports Export promotion policies Small and vulnerable economies ab: The previous studies of exports performance in Fiji were carried out at the aggregate level. We conduct a disaggregated analysis of exports of three major products, namely, sugar, tourism, and gold. This analysis is useful for developing sector-based export promotion policies. The long run as well as dynamic export demand functions are estimated at the aggregate and disaggregate levels. The results identify a number of factors such as trading partner income, relative prices, productivity shocks, natural disasters, political disturbances, and the exchange rate that affect the export demand for sugar, tourism, and gold, though not in the same way. For instance, tourism and sugar enjoy the highest income elasticity. Sugar export is adversely affected by natural calamities and political upheavals. The political upheavals also affect tourism adversely in Fiji. The exchange rate affects the export of sugar more than others. The idea that devaluation will promote exports in Fiji needs careful investigation because results show that this will happen with a high cost, i.e. 5% nominal devaluation will be required to increase real exports by 1%. Résumé: Les études précédentes sur la performance des exportations aux Fidji ont été réalisées au niveau global. Nous effectuons une analyse désagrégée des exportations de trois produits principaux, à savoir le sucre, le tourisme et l'or. Cette analyse est utile pour développer des politiques sectorielles de promotion des exportations. Nous estimons au niveau global et au niveau désagrégé des projections sur le long terme, ainsi que des fonctions dynamiques de demande d'exportation. Les résultats identifient un certain nombre de facteurs, tels que le revenu des partenaires commerciaux, les prix relatifs, les chocs de productivité, les catastrophes naturelles, les troubles politiques et les variations du taux de change, qui affectent la demande d'exportation pour le sucre, le tourisme et l'or, bien que l'impact soit différent. Par exemple, le tourisme et le sucre bénéficient de l'élasticité du revenu la plus élevée. L'exportation de sucre est affectée par les catastrophes naturelles et les bouleversements politiques. Les bouleversements politiques affectent également le tourisme dans les îles Fidji. Les variations du taux de change affectent l'exportation de sucre plus que les autres produits. Il faut soigneusement étudier l'idée selon laquelle, aux Fidji, la dévaluation monétaire va favoriser les exportations, car les résultats montrent que cela ne se produira qu'avec un coût élevé, c'est-à-dire qu'une dévaluation nominale de 5% sera nécessaire pour augmenter les exportations réelles de 1%. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 2022 holdings: @attributes: islocal: N |
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