Narayan, Paresh Kumar; Narayan, Seema - In: Defence and Peace Economics 19 (2008) 1, pp. 77-87
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...