Fiscal sustainability and the fiscal reaction function for South Africa

Fiscal sustainability and the fiscal reaction function for South Africa
How does the South African government react to changes in its debt position? In investigating the question, this paper estimates fiscal reaction functions using various methods (OLS, VAR, TAR, GMM, State-Space modelling and VECM). The paper finds that since 1946 the South African government has ran a sustainable fiscal policy, by reducing the READ MORE...

Publication date: March 2011
ISBN 9781455227105
$18.00

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