The Solow growth model is extended with an endogenous growth framework to estimate the effects of trade openness on the steady state growth rate (SSGR). Estimates of the augmented production functions are used to compute the SSGRs for Singapore, Malaysia, Hong Kong, India and Thailand. That good policies increase the growth effects of openness is also tested with an interactive term. Our results show that Singapore has the highest SSGR of 2.75%, followed by Hong Kong and Thailand with 2.5%. India and Malaysia have lower SSGRs of 1.7% and 0.5% respectively.

In this paper, we applied alternative time series techniques and obtained similar summaries of demand for money relations for twelve developing countries. This indicates that adequate attention should be paid to the purpose of research and interpretation of results rather than to econometric techniques. We also find that income elasticities are close to unity for almost all of our sample countries and the interest rate elasticities are well determined and significant. Further, it is shown that demand for money in these countries is temporally stable and therefore the respective monetary authorities may target money supply as opposed to the rate of interest.

Methodological controversies on the relative merits of estimating time-series models with alternative approaches exist. However, applied researchers may eventually opt for an easy to use and computationally less demanding approach. This article shows that the LSE/Hendry approach, known as GETS, is promising when it is implemented with PcGets. To illustrate we report the GETS and the Johansen co-integration-based ECM equations, with PcGets, of the demand for money for Fiji.

The COVID19 global pandemic has seriously disturbed Fiji, its people and the economy. Consequently, crisis management has been highly challenging in this small and vulnerable economy. Although the number of positive cases was low, the economic impact of COVID19 has been significant. In this paper, we identify several crisis management issues to better deal with the pandemic. These discussions can potentially improve Fiji's response strategies and initiatives to safeguard public health and economic activity. Our evaluation indicates room for learning and innovation in Fiji's health care services to ensure resilience and effective response mechanisms. The suggestions are not only useful for Fiji but also for other similar economies in the region. These suggestive strategies can work as proactive measures to combat second wave impact yet to come.

This article analyses the nexus between exports, established indicators of governance, and economic growth in Fiji. It finds that exports and governance co-operate to promote economic growth. The interplay between these variables is also meaningful. The findings imply that Fiji needs to improve export productivity and quality of institutional governance to ensure persistent rates of economic growth. Other variables such as human capital, private investment, foreign aid, and policy environment are also growth-enhancing in this small and vulnerable economy.