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Multivariate analysis on the effectiveness of monetary and fiscal policies in Fiji


Dahalan, Jauhari and Jayaraman, T. K. (2006) Multivariate analysis on the effectiveness of monetary and fiscal policies in Fiji. Malaysian Management Journal, 10 (1 & 2). pp. 67-81. ISSN 0128-6226

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Abstract

By utilising a Cointegrating Vector Autoregressive Model, this paper assesses the relative effectiveness the fiscal and monetary policies on growth. It is observed that government expenditure has the strongest effect on Fiji's national income which significantly explains Fiji's GDP error variance even after a three year period with regard to the effect of shocks, we observed that the national income impulse respons to the one standard error shock among all macroeconomic variables, i.e. government expenditure and foreign assets, which is not permanent but transitory.

Item Type: Article
Uncontrolled Keywords: Vector autoregressive; variance decomposition; impulse response function
Subjects: H Social Sciences > HJ Public Finance
Divisions: College of Arts and Sciences
Depositing User: Prof. Dr. Jauhari Dahalan
Date Deposited: 12 May 2011 06:19
Last Modified: 12 May 2011 06:19
URI: http://repo.uum.edu.my/id/eprint/2923

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