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Public debt and economic growth in the South Pacific Islands: a case study of Fiji

Jayaraman, Tiruvalangadu K. and Choong, C.K. (2006) Public debt and economic growth in the South Pacific Islands: a case study of Fiji. School of Economics, the University of the South Pacific, Suva, Fiji.

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Abstract

Growing 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 2001-2004 as well as unforeseen natural disaster management expenditures have pushed the ration 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.

Item Type: Other
Additional Information: Working Paper 2006/16.
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HJ Public Finance
Divisions: Faculty of Business and Economics (FBE) > School of Economics
Depositing User: Ms Neha Harakh
Date Deposited: 21 Mar 2006 14:46
Last Modified: 27 Jun 2012 19:41
URI: http://repository.usp.ac.fj/id/eprint/3873
UNSPECIFIED

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