Public Debt And Economic Growth In The South Pacific Islands: A Case Study Of Fiji
AbstractGrowing public debt of Fiji has been causing concerns all around. As part of countercyclical measures, the Government stepped up public expenditure from 2001 in response to the adverse consequences of the 2000 civilian coup, which witnessed a decline in investor confidence, resulting in a steep fall in private sector investment. Expansionary fiscal policy measures in the annual budgets of 2001 to 2004 as well as unforeseen natural disaster management expenditures have pushed the ratio of outstanding public debt to national output beyond the level of 50%. This paper seeks to examine the nexus between debt and growth in Fiji.
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Bibliographic InfoArticle provided by Chung-Ang Unviersity, Department of Economics in its journal Journal Of Economic Development.
Volume (Year): 31 (2006)
Issue (Month): 2 (December)
Public Debt; Government Expenditure; Growth; Cointergration; Causality;
Find related papers by JEL classification:
- H5 - Public Economics - - National Government Expenditures and Related Policies
- H6 - Public Economics - - National Budget, Deficit, and Debt
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