Does military expenditure determine Fiji's exploding debt levels?

Narayan, Paresh Kumar and Narayan, Seema 2008, Does military expenditure determine Fiji's exploding debt levels?, Defence and peace economics, vol. 19, no. 1, pp. 77-87, doi: 10.1080/10242690701453784.

Attached Files
Name Description MIMEType Size Downloads

Title Does military expenditure determine Fiji's exploding debt levels?
Author(s) Narayan, Paresh KumarORCID iD for Narayan, Paresh Kumar
Narayan, Seema
Journal name Defence and peace economics
Volume number 19
Issue number 1
Start page 77
End page 87
Publisher Routledge
Place of publication London, England
Publication date 2008
ISSN 1024-2694
Keyword(s) military expenditure
Summary 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.
Language eng
DOI 10.1080/10242690701453784
Field of Research 140305 Time-Series Analysis
HERDC Research category C1 Refereed article in a scholarly journal
HERDC collection year 2008
Copyright notice ©2008, Taylor & Francis
Persistent URL

Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
Connect to link resolver
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 19 times in TR Web of Science
Scopus Citation Count Cited 21 times in Scopus
Google Scholar Search Google Scholar
Access Statistics: 858 Abstract Views, 1 File Downloads  -  Detailed Statistics
Created: Fri, 14 Aug 2009, 13:49:30 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact