Democracy in Fiji boosts private investment and economic growth significantly.
The article explores how democracy affects private investment in Fiji. By using an econometric model, the researchers found that democracy has a positive impact on investment. Their simulation shows that if Fiji becomes fully democratic, the economy would grow, government savings would increase, and people's income and consumption would rise. This study is the first to use this approach to show how democracy can influence economic factors in a country like Fiji.