Rezumat articol ediţie STUDIA UNIVERSITATIS BABEŞ-BOLYAI

În partea de jos este prezentat rezumatul articolului selectat. Pentru revenire la cuprinsul ediţiei din care face parte acest articol, se accesează linkul din titlu. Pentru vizualizarea tuturor articolelor din arhivă la care este autor/coautor unul din autorii de mai jos, se accesează linkul din numele autorului.

 
       
         
    STUDIA OECONOMICA - Ediţia nr.1 din 2020  
         
  Articol:   CAUSALITY BETWEEN PUBLIC DEBT, PUBLIC DEBT SERVICE AND ECONOMIC GROWTH IN AN EMERGING ECONOMY.

Autori:  TALKNICE SAUNGWEME, NICHOLAS M. ODHIAMBO. 		 
       
         
  Rezumat:  
DOI: 10.2478/subboec-2020-0001
Published Online: 2020-04-30
Published Print: 2020-04-30
pp. 1-19

VIEW PDF

FULL PDF

This paper explores the causality between public debt, public debt service and economic growth in South Africa covering the period 1970 – 2017. The study employs the autoregressive distributed lag (ARDL) bounds testing approach to cointegration and the multivariate Granger-causality test. The empirical results indicate that there is unidirectional causality from economic growth to public debt, but only in the short run. However, the study fails to establish any causality between public debt service and economic growth, both in the short run and long run. In line with the empirical evidence, the study concludes that it is economic growth that drives public debt in South Africa, and that the causal relationship between public debt and economic growth is sensitive to the timeframe considered. The paper recommends policymakers in South Africa to consider growth-enhancing policies in the short run, since poor economic performances may lead to high public debt levels.

JEL Classification: H63, O47

Keywords: Economic growth, Granger-causality, public debt, public debt service, South Africa, ARDL 		 
         
     
         
         
      Revenire la pagina precedentă