understanding Fiji's declining foreign reserves position

This article examines the volatility in Fiji’s foreign reserves—in particular, whether shocks have an asymmetrical effect on volatility and whether shocks have a  persistent impact on volatility. In the pre-coup period (1975–86), shocks had a temporary effect on volatility; in the coup period (1987–2006), shocks had a more lasting impact. In the pre-coup period, negative shocks contributed more to  foreign reserves volatility than positive shocks; but in the period including the  coups, positive shocks increased the volatility of foreign reserves more than  negative shocks. The reasons for, and the policy implications of, this  asymmetrical behaviour are explored.

The monetary approach to understanding the balance of payments for the Fiji Islands

The monetary approach to the balance of payments postulates a unidirectional, negative causality running from domestic credit to net foreign assets. Using data for Fiji for the period 1974–2003, we find a statistically significant, negative correlation between domestic credit and net foreign assets; but the Granger causality test reveals no statistical evidence of causality running from domestic credit to net foreign assets. This finding suggests that domestic credit is mainly passive and is not the central tool of monetary policy to which the balance of payments adjusts.

Lifelong learning, the knowledge economy and professional development

There is increasing rhetoric surrounding the concepts of lifelong learning and the knowledge economy (Peters, 2001); specifically e-learning and web-based learning environments. This paper seeks to explore the journeys of two professionals from two separate disciplines and work environments located in one higher-education institution where there is an increasing push to develop learning materials using online and other e-learning technologies.

With the steady shift from traditional learning, online learning is now playing an integral part of course delivery at the Australian regional university where the authors work. A contextual analysis of online learning within the broader views of the institution provides examples of discourses relating to online environments, knowledge management, and the professional development of the participants.

This discussion draws on the concepts of lifelong learning (Crowley, 2002; Serim & Murray, 2003) and embeds them within an online learning environment. Exploration of the multiple workplace environments within the institution under review demonstrates one way in which educators can embrace and position themselves as they negotiate changing educational discourses.

Polymer coatings containing nano particles of zinc oxide for the UV protection of dyed polyester fabrics

The useful life of many outdoor textile products is limited by degradation caused by exposure to sunlight, in particular by the ultra violet component (below 400 nm). The degradation results in fading of colours and also loss of physical properties, such as tear strength and abrasion resistance. Degradation can be decreased with UV absorbers, often used in conjunction with antioxidants or free radical quenchers. The protection afforded by these organic compounds is, however, limited as they are ultimately destroyed by the UV radiation they absorb.
An alternative approach is to coat fabrics with a polymer containing an inorganic UV absorber, such as zinc oxide. The inherent stability of zinc oxide would be expected to provide a protective effect over a much longer period than can be achieved with an organic UV absorber. A possible disadvantage of zinc oxide when applied in a polymer film is that absorption and scattering of visible light can produce hazy films and, hence, an unacceptable change in fabric appearance.
This poster paper examines the possibility of using nano particles of zinc oxide dispersed in acrylic polymers for protecting dyed polyester fabrics against sunlight fading. Factors affecting both UV absorbance and film clarity will be discussed. The possibility will also be examined that the protective effect may be reduced in some circumstances by reactive oxygen species, generated by the interaction of UV with zinc oxide in the presence of air and water.

Achieving growth in the Pacific islands : an introduction

The Small Island Developing States (SIDS)1 in the Pacific, spread out over an area of 30 million square kilometres of ocean, and home to over 9 million people, face a complex and unique set of development challenges. As small, highly open economies they are particularly susceptible to external shocks, including fluctuations in import prices and export earnings in particular. Remoteness from major ports and export markets, low levels of connectivity with the outside world and susceptibility to natural hazards further complicate matters and have resulted in the Pacific islands being amongst the most vulnerable economies in the world. In spite of their increasing integration into global markets, most face further challenges owing to very limited absorptive capacities, limited resources, inadequate technology, lack of infrastructure and poor economic management and institutional capabilities. As a consequence, economic growth and related outcomes in most remain heavily reliant on external resources, typically including at least one of aid, migrant remittances, and foreign direct investment (FDI) (AusAID 2008 and McGillivray et al. 2008). The particular constraints and growth challenges of Pacific SIDS are too often overlooked in the development research literature. Moreover, the policy debate on how to promote and achieve growth in the Pacific islands can benefit from a deeper understanding of the nature and consequences of these often unique, combination of constraints. This Focus is devoted to development challenges facing these islands, specifically relating to the achievement of economic growth, and draws on five papers that were presented or tabled at the World Institute for Development Economics Research (WIDER) ‘Fragility and Development’ research project meeting held in Fiji in December 2006.

Unspeakable terrain : visualising ontological terror in performance

This paper presented at the 2010 ADSA Conference held at the Australian National University draws upon my practice based research submitted for a Master of Animateuring (Cross Modal Performance) at the faculty of the Victorian College of the Arts- Melbourne University. Aviary which premiered at the Living Museum of the West in 2006 (a visual space-specific performance during which only one word was uttered) was used as an exemplar of my practice revealing how ontological terror can only be artistically represented through carefully chosen veils, two of which can be made explicit through an analysis of the aesthetic conventions of the liminal uncanny and the traumatic sublime.

Are shocks to real output permanent or transitory? Evidence from a panel of Pacific Island countries

Panel unit root and stationarity tests without structural breaks suggest that for eight Pacific island economies real gross domestic product (GDP) per capita contains a unit root. The panel stationarity test that accommodates structural change in the trend function, however, finds evidence in favour of regimewise trend stationarity. This result points to the importance of taking structural breaks into account. The finding implies that, for the period considered, the permanent secular component of output is dominated by transitory fluctuations accompanied by infrequent changes in the trend function. The only exceptions are Fiji and Kiribati, for which individual stationarity tests with multiple structural breaks suggest that real GDP per capita contains a unit root.