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Financial development and economic growth in Fiji: new empirical evidence

Gounder, Neelesh N. (2012) Financial development and economic growth in Fiji: new empirical evidence. Department of Accounting, Finance and Economics, Griffith University, Brisbane, Australia.

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Abstract

This paper examines whether financial development promotes economic growth in Fiji over the period 1970 to 2005. The methods applied are cointegration and the error correction model to test the long run equilibrium and short run relationship among the key variables relevant for this study. Cointegration test results support the existence of a long run relationship. The short term dynamic behaviour of the relationship between financial development and growth show that financial development has made a modest contribution to output.

Item Type: Other
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Divisions: Faculty of Business and Economics (FBE) > School of Economics
Depositing User: Neelesh Gounder
Date Deposited: 27 Jan 2014 14:34
Last Modified: 25 Jul 2016 15:26
URI: http://repository.usp.ac.fj/id/eprint/7140
UNSPECIFIED

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