Among the 14 Pacifi c island countries, (PICs) Fiji, with its relatively better endowments in land and human resources as well as physical infrastructure, has been one of the ten favourite destinations of foreign direct investment (FDI) in Asia-Pacifi c. The gains from FDI include not only...

This paper examines the relationship between external debt and economic growth in Fiji during a 30-year period (1970-2005). Applying the bound testing approach of Pesaran et al., (2001), it is found that the long-run relationship runs from external debt to economic growth. Whilst both external...

Interest in monetary integration of 14 Pacific island countries was aroused in 2003 by an Australian Senate Committee’s suggestion for adoption of the Australian dollar as common currency towards deeper regional integration. A common currency entails a single set of economic, monetary,...