Jayaraman, Tiruvalangadu K. and Choong, C.K. (2007) Is the twin deficits hypothesis relevant to Fiji? Fijian Studies: A Journal of Contemporary Fiji, 5 (1). pp. 1-27. ISSN 1728-7456
Full text not available from this repository.Abstract
Fiji has been experiencing current account deficits in its balance of payments since the late 1990s, despite the emergence of a boom in remittances. The deficits have become increasingly more pronounced since 2001 due to a decline in the country's traditional exports of sugar, a sharp fall in the exports of garments following the expiry of the Multifibre Agreement, and a decrease in the exports of gold following operational problems. On the other hand, there was a surge in imports of capital goods and machinery for the building and construction industry, due mainly to expansionary fiscal policies pursued by the government since 2001. Additionally, a steep rise in private sector credit in the post-coup years of 2000 ensued, contributing to a further widening of current account deficit. This paper seeks to investigate whether the popular twin deficit hypothesis is relevant in the case of Fiji.
| Item Type: | Journal Article |
|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance |
| Divisions: | Faculty of Business and Economics (FBE) > School of Economics |
| Depositing User: | Ms Mereoni Camailakeba |
| Date Deposited: | 26 May 2007 21:27 |
| Last Modified: | 25 May 2012 05:43 |
| URI: | https://repository.usp.ac.fj/id/eprint/275 |
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