Doubling Fish Exports or Garment Exports: Which Would Benefit the Fijian Economy Most? Evidence from a Computable General Equilibrium Model

Posted: 10 Jun 2012

See all articles by Paresh Kumar Narayan

Paresh Kumar Narayan

Deakin University - School of Accounting, Economics and Finance

Biman Prasad

University of the South Pacific - Department of Economics; University of the South Pacific - Oceania Development Network

Date Written: 2006

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.

Suggested Citation

Narayan, Paresh Kumar and Prasad, Biman, Doubling Fish Exports or Garment Exports: Which Would Benefit the Fijian Economy Most? Evidence from a Computable General Equilibrium Model (2006). Applied Economics, Vol. 38, No. 6, pp. 717-723, 2006, Available at SSRN: https://ssrn.com/abstract=2080752

Paresh Kumar Narayan (Contact Author)

Deakin University - School of Accounting, Economics and Finance ( email )

221 Burwood Highway
Burwood, Victoria 3215
Australia

Biman Prasad

University of the South Pacific - Department of Economics ( email )

Private Bag, Laucala Campus
Suva
Fiji

University of the South Pacific - Oceania Development Network ( email )

Suva
Fiji

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