Does military expenditure determine Fiji's exploding debt levels?
Data(s) |
01/01/2008
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Resumo |
Fiji's total debt stands at 65% of GDP. Domestic debt constitutes 55% of GDP. The goal of this paper is to investigate whether military expenditure has contributed to Fiji's exploding debt levels over the period 1970 to 2005. Our empirical analysis, conducted within a cointegration and vector error-correction framework, suggests that, in the long-run, military expenditure has had a statistically significant positive impact on both external debt and domestic debt, while income has had a statistically significant positive impact on domestic debt and a statistically significant negative impact on external debt. We explain the reasons behind this finding and draw some policy implications.<br /> |
Identificador | |
Idioma(s) |
eng |
Publicador |
Routledge |
Relação |
http://dro.deakin.edu.au/eserv/DU:30017082/narayan-doesmilitaryexpenditure-2008.pdf http://dx.doi.org/10.1080/10242690701453784 |
Direitos |
2008, Taylor & Francis |
Palavras-Chave | #military expenditure #GDP #debt #cointegration #Fiji |
Tipo |
Journal Article |