, inconsistent with the bulk of the literature. We argue that this is not a surprising result for the Fiji Islands. Our central … argument focuses on two aspects of the Fijian economy: (1) the fact that actual output in Fiji has been around 50 per cent less … than potential output; thus, Fiji's actual output has not reached a threshold level at which oil prices can negatively …

of Pacific island countries (PICs) from their peers. Wefind that PICs are disadvantaged by distance and hampered by lower … investment and exportscompared with other small island states, but greater political stability, catch-up effects fromlower …