The sustainability of Fiji's budget deficit : an econometric analysis

Narayan, Paresh Kumar and Narayan, Seema 2003, The sustainability of Fiji's budget deficit : an econometric analysis, Pacific economic bulletin, vol. 18, no. 2, pp. 77-90.

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Title The sustainability of Fiji's budget deficit : an econometric analysis
Author(s) Narayan, Paresh KumarORCID iD for Narayan, Paresh Kumar
Narayan, Seema
Journal name Pacific economic bulletin
Volume number 18
Issue number 2
Start page 77
End page 90
Publisher Asia Pacific Press
Place of publication Canberra, A.C.T.
Publication date 2003
ISSN 0817-8038
Summary The sustainability of Fiji's budget deficit is examined here within the framework of inter-temporal budget constraint theory, where government revenue is modelled as a function of government expenditure. An error-correction mechanism test for cointegration finds that government revenue and expenditure are cointegrated, which provides some support for the position that Fiji's budget deficit is sustainable in the long run. It is argued that more government expenditure on capital investment will ensure a broader revenue base and reduce the risk of a budget deficit explosion.
Language eng
Field of Research 140302 Econometric and Statistical Methods
HERDC Research category C1.1 Refereed article in a scholarly journal
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Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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