@article{oai:ir.kagoshima-u.ac.jp:00006191,
 author = {Jayaraman, T. K.},
 issue = {2},
 journal = {南太平洋研究, South Pacific Study},
 month = {Jan},
 note = {Private investment in Fiji has been stagnant since the mid eighties. This paper seeks to undertake an analysis of
the causes behind the stagnation. The empirical analysis shows that government investment had a crowding-out
effect on private investment despite its emphasis on public infrastructure. However, the relationship between the
two is not robust. On the other hand, the relationships between private investment and growth expectations and
past behaviour are statistically highly significant. Another major factor of importance which also emerged with
statistical significance is the political climate which has been found not conducive for private investment. The
immediate issue that has to be dealt with by government is with regard to improvement in private investor
confidence.},
 pages = {57--67},
 title = {Private Investment in Fiji: 1977-1994 Did Government Investment Have Any Crowding-out Effect?},
 volume = {18},
 year = {1998}
}